Can Labour escape the economic doom loop?

Keir Starmer and Rachel Reeves ’ pledge to “prevent austerity’ was only achievable through larger tax rises.

The 41.5bn of tax rises announced by Reeves put the UK within touching distance of western European norm.

Combine this with a new industrial strategy, stronger workers’ rights and the highest public investment since Harold Wilson .

Economic growth is critical to this approach improved public services and higher living standards depend on it.