Labour will be as economically radical as Margaret Thatcher, says Rachel Reeves

dailyrecord.co.uk:

Rachel Reeves has said that a Labour government will be as economically radical as Margaret Thatcher.The shadow chancellor will say in a speech in the City of London today that the UK is currently at an "inflection point" like it was in 1979 when Thatcher came to power.Like the former Tory leader she will also pledge to "reject managed decline" but will say that growth "must be broad-based, inclusive, and resilient."She will also say that strengthening devolution is central to Labour's plans for growth.

It comes just months after Labour leader Keir Starmer was criticised for appearing to praise Thatcher.Reeves will say at the annual Mais lecture: “When we speak of a decade of national renewal, that is what we mean."As we did at the end of the 1970s, we stand at an inflection point, and as in earlier decades, the solution lies in wide-ranging supply-side reform to drive investment, remove the blockages constraining our productive capacity, and fashion a new economic settlement, drawing on evolutions in economic thought.“A new chapter in Britain’s economic history.

And unlike the 1980s, growth in the years to come must be broad-based, inclusive, and resilient."It comes just months after Starmer was accused of praising Thatcher in a newspaper column.He said she was an example of a leader who effected "meaningful change" and “sought to drag Britain out of its stupor by setting loose our natural entrepreneurialism”.His article offended colleagues who remember the Thatcher Government leading to huge unemployment, the closure of industries and the introduction of the poll tax.The Labour leader later said at a Scottish Labour gala in Glasgow that she did "terrible things" and that he "profoundly" disagreed with her.To sign up to