Borrowing to Invest
Our country and its people have been held back by a lack of investment in the backbone of a modern economy. There has been inadequate investment in the infrastructure of transport, communications and energy systems. And when investment has happened, it has been too concentrated in too few places.
Labour will make different choices. We will take advantage of near- record low interest rates to create a National Transformation Fund that will invest £250 billion over ten years in upgrading our economy.
Labour would reverse the failed Conservative policy of Austerity – a choice based on ideology not economic necessity. The party would not consider an ‘Austerity-lite’ agenda either.