Labour’s central mission to rebalance British economy

Posted on 4 Mar 2014 by Victoria Fitzgerald

Labour MP Chuka Umunna will include Catapult Centre apprenticeships in plans for long-term sustainable growth in a speech at the EEF's Manufacturers' Annual Dinner this evening.

“Agenda 2030” is set to outline Labour’s plans to balance Britain’s economy by increasing the number of middle-income jobs in the UK labour market. The party’s aim is to grow the UK out of the cost-of-living crisis so that all working people reap the benefits of recovery.

Mr Umunna will focus on Labour’s support of apprenticeships in Catapult Centres, which bring together scientists and engineers to develop new and successful business ideas, to underpin the jobs and industries of the future.

“We, the Labour Party, are clear about our goal: a high-productivity, high-skilled, innovation-led economy. A balanced, resilient economy succeeding in the world, creating good jobs and opportunities, offering people a ladder up and the chance to make the most of their potential. That is the only way that we will tackle the cost-of-living crisis and make sure that any recovery benefits all working people, and not just a few at the top.

“That is our central mission, what we want to be known for, and what we want people to vote for above all else.  Yes, it’s bold and ambitious but it’s the only way we can secure the future the British people deserve – a successful economy underpinning a strong society.”

Labour’s agenda will incorporate four focus points to achieve sustainable growth, including building on the talents of all, solving tomorrow’s problems today, government promoting long-term investment and openness.