0:00
CityM has been at the Labour Party
0:02
conference in Liverpool and much of the
0:04
talk around fringe events and speeches
0:07
has been around the government's number
0:09
one mission and which is to grow the UK
0:12
economy. There are three main ways the
0:14
government want to do that. Firstly
0:16
through investment getting foreign
0:17
businesses to invest in the UK more
0:20
wealth creation championing tech deals
0:23
it has struck with the likes of Nvidia
0:25
and Microsoft. Secondly they want to
0:27
build more housing. You have seen a lot
0:30
of people round with caps saying build
0:32
baby bill with the new housing secretary
0:34
Steve Reid talking up the prospect of
0:37
building 1.5 million homes. And the
0:40
other thing that has started to seep
0:42
into debate is welfare reforms. The
0:46
slightly controversial and prickly issue
0:48
for the Labor Party after the Labor
0:50
rebellion struck down the previous
0:52
welfare savings earlier this year.
0:55
Rachel Reeves has talked about trying to
0:57
get used unemployment down and a
0:59
guaranteed work paid placement scheme to
1:02
be rolled out in the next few years. But
1:05
then the one thing that has been avoided
1:08
largely are tax rises with taxes set to
1:11
go up later this year at the autumn
1:14
budget to plug a fiscal hall around 30
1:17
billion pounds. So can the government
1:21
deregulate drive investment and drive
1:24
growth without taxes undercutting its
