Rachel Reeves MP Articles

Just before Christmas I was at a conference where I met Larry Summers, former US treasury secretary and director of Obama’s National Economic Council. I asked him whether he believed that the economic policy of Britain’s coalition government would be successful. His reply was telling: ‘Either it will fail or else everything I know about economics will have turned out to be untrue’. There is a growing consensus that cuts at this speed and, when the economic recovery is so fragile, do not make good economic sense.

The 1980s are over. Nobody wants to go back there. But so are the 1990s. And what worked then for Labour won’t work now. That is our clear conviction and why we are backing Ed Miliband as the leadership contender who most understands the scale of the change the Party needs to undertake to win again.

He may be less well known now, but within a short space of time as leader Ed Miliband would be able to win back the voters we lost after 1997 and set a course for the future to deal with the problems the UK faces

Tory slash-and-burn policies would jeapordise the economic recovery as the burden will fall on low and middle income families