Labour MPs are increasing pressure on the Treasury for an economic reset, prompted by the rise of Reform UK in local elections and fears of Nigel Farage's potential premiership. The Labour Growth Group, led by Chris Curtis, accuses the government of perpetuating an economic 'doom loop' characterized by low growth and public service decline. Pat McFadden emphasized the urgency of the situation, framing the struggle as a fundamental battle for Labour's principles against right-wing nationalism, stating that drastic reforms are necessary to mend the fractured economy and societal divisions.
Britain is stuck in a complete economic doom loop. We've had low growth. That's led to pretty awful cuts. It's led to public services that are broken.
This is the fight of our lives, this is the generational fight in this new political era... It's a fight between our values and a nationalist politics of the right.
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