The Rest Is Money
136. Are Labour’s Growth Goals Meaningless?
Feb 6, 2025
Praful Nargund, founder of the Good Growth Foundation, and Chris Curtis, MP for Milton Keynes North, dive into the meaning of economic growth for everyday people. They discuss the disconnect between political goals and public sentiment, emphasizing the frustrations of the working poor. The conversation highlights the importance of redefining 'good growth' to ensure it benefits a broader segment of society. They also explore the role of skills and training in fostering inclusive growth, urging the need for tangible economic changes that resonate with local communities.
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Quick takeaways
- Many British citizens perceive economic growth as benefiting the wealthy, emphasizing the need for tangible improvements in everyday life.
- There is a strong public demand for skills development and training, viewed as crucial for meaningful growth and better employment opportunities.
Deep dives
Understanding Public Perception of Economic Growth
Research indicates that many British people have a different understanding of economic growth compared to political leaders. While politicians often present growth as a universally positive concept, citizens express skepticism, feeling that it primarily benefits the wealthy and large corporations rather than the ordinary person. This disconnect highlights a significant gap; people want to see tangible improvements in their quality of life, such as better wages and reduced living costs, rather than just increases in GDP or economic indicators. The study suggests that people recognize the importance of growth but are concerned that it does not translate into real benefits for them.
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