Academy Of Ideas

With the UK officially in recession, what should governments be doing? This debate was recorded at the Battle of Ideas festival 2023 on Saturday 28 October at Church House, London. ORIGINAL INTRODUCTION With the Conservatives doing badly in the polls and Labour riding high, the UK could have a new party in government in the next year or so. How will this change the relationship between the state and the private sector – and will it boost economic performance and living standards? During the Corbyn years and even beyond, Labour has talked up the possibility of nationalising important parts of the UK economy – such as water and energy supplies and the railways. But more recently, Keir Starmer and Rachel Reeves appear to have rowed back on such pledges, with Starmer saying he would not be ‘ideological’ about state control. Many commentators have pointed out that houses are not being built fast enough. While unemployment is relatively low, the quality of jobs is too often poor. Many argue that what it is needed i