F28 Good Jobs, Better Businesses, Stronger Communities: Proposals
for a New Economy that Really Works for Everyone (21st Century
Economy Policy Paper)
Federal Policy Committee
Mover: Baroness Kramer (Treasury Spokesperson).
Summation: Mike Tuffrey (Chair of the Policy Working Group).
Conference believes the current British economy is simply not
working for enough people today, and is not fit to face the challenges
of tomorrow, in that:
A. Real living standards are being squeezed and inequalities of
wealth and income are worsening.
B. The economy is geographically and sectorally unbalanced, and
productive investment is too low.
C. Much economic activity is unsustainable, threatening the planet
on which future generations depend.
Conference regrets that successive Labour and Conservative
governments over decades have preferred to protect vested
interests and pursue dogmatic ideological battles rather than
tackle the real underlying problems of the economy, and that the
current Government's industrial strategy is woefully inadequate in
supporting businesses to thrive and grow.
Conference further believes that Brexit will, at best, exacerbate these
problems, while technological changes already underway - digital,
biological, physical - will disrupt and transform our economy over
coming decades, on a scale similar to the first industrial revolution;
who gains or loses depends on how we act now.
Conference therefore resolves to work towards creating a new
economy that really works for everyone - one that provides good
jobs and opportunity at work, ensures business serves the common
good and consumers benefit, and sustains strong communities and
thriving places; this should be based on the principles of:
i) Greater fairness and equality of opportunity, overcoming
barriers and truly enabling individuals to advance and be
rewarded in a dynamic economy and fulfilling world of work.
ii) Positively embracing innovation and the potential of the new 53
Monday 17 September