The article critiques Labour's current economic strategy, contending it fails to address who is prioritized in economic policy. While Labour cites billions for capital projects and NHS spending, many feel the impact of austerity continues. Significant investment in high-tech sectors does not necessarily benefit the broader community, and the pursuit of growth often neglects everyday economic needs. Housing funding presents a glimmer of hope, but dependence on overburdened local councils and questionable private contractors raises doubts about its efficacy.
The lived reality of austerity was never just about spending in the aggregate. It was about who and what we prioritized as a society.
Investing in tech, R&D, and AI will always sound impressive. But the sector is awash with cash already; what it lacks is a useful purpose and proper regulation.
Rachel Reeves's headline-grabbing pledge of 39bn for affordable and social housing is based on the assumption that the housing crisis is caused by a lack of supply.
Extra funding for affordable housing is promising, yet under-resourced councils could struggle to contain the predatory costs of private building contractors.
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