Sir Keir Starmer promised to wage a “moral crusade” to eradicate the inequalities and injustices exposed by the coronavirus crisis when he announced plans for restructuring bonds to give savers a stake in Britain’s future.
In a grand speech, the Labor leader called for a “new chapter” in the country’s history after the pandemic exposed the nation’s “fragilities,” saying, “We must seize this moment to address them.”
“We can return to the same uncertain and unequal economy that was so cruelly compromised by the virus, or we can seize the moment and move into a future that will be completely different from the past,” said Sir Keir.
Comparing the recovery from Covid-19 to the post-war era, he used the virtual address in central London to say there is an “opportunity” to think creatively and “get a new deal with the British people”.
In response to the Bank of England that “the vast majority of the savings built during the pandemic should not be spent,” he said, “If I were Prime Minister, I would launch a new UK refurbishment loan.
“This could generate billions in investment in local communities, jobs and businesses. This could help build the infrastructure of the future – investing in science, skills, technology and British manufacturing.
“It would also provide security for savers and give millions of people a fair share of Britain’s future.”
It would be similar to the NS&I Premium Bonds, Labor said, although the money would go straight to coronavirus recovery – potentially grossing in “billions” pounds.
And, alluding to the late Labor Prime Minister Sir Harold Wilson, who said the party was “a moral crusade or nothing,” Sir Keir said, “Our moral crusade is now to eradicate the inequalities and injustices that have caused this crisis brings with it brutal exposure – and to build a better and safer future. “
He said there was “a mood in the air” that Britain’s “collective sacrifice must lead to a better future” – similar to what happened after the war in 1945.
Describing the next month’s budget as a “fork in the road,” Sir Keir promised that a Labor government would maintain the universal credit increase of £ 20 a week and end the “insult” of a freeze on wages for key workers
He also said his party would provide local authorities with the necessary funds to prevent huge tax hikes by the community, and he vowed to expand corporate rate relief and VAT cut for hospitality and leisure.
At work, he promised to expand and update the vacation program so people can get back to work better and said Labor would “fix” the government’s kickstart program.
And the Labor leader announced plans to offer 100,000 start-up loans if he came to power.
He said: “If we are honest, Labor has not realized for too long that the only way to achieve social justice and equality is through strong partnership with business. Under my leadership, that attitude will change.”
“A new partnership with business – one in which we have high expectations of the business and where the business can have high expectations of work – is critical to my leadership and my vision for the future.
“So, as Prime Minister, I would be supporting a new generation of British entrepreneurs by providing start-up loans to 100,000 new businesses in every region of the UK.”
Sir Keir heavily criticized the government’s response to the Covid-19 pandemic, saying ministers have been “slow at every stage”, “ignoring advice” and “not learning from their mistakes”.
“However, government outside of its depth is not even half the story. The terrible damage the virus is causing to health and prosperity has only worsened as the foundations of our society have been weakened for over a decade, ”he said.
Sir Keir said the war generation was “abandoned in their time of need” and asked, “How can the Prime Minister look these families in the eyes now and say,” We have done all we can “?”
Amanda Milling, co-chair of the Conservative Party, said: “Keir Starmer said this speech would provide his grand vision for the future of the country, a“ political flash ”of ideas to keep up with Beveridge and get his failed leadership back on track bring to.
“However, there are only two new policies – one from the Conservatives and one from the CPS, the think tank Margaret Thatcher co-founded.
“After 10 months of Keir Starmer, Labor has only to offer other people’s ideas, empty rhetoric and demands for things that the government is already doing.
“The Conservatives are getting on with the job, rolling out the vaccine and fulfilling our obligations to the British people.”