This is an informal consultative document which does not necessarily represent the views of the Penrith & The Border Labour Party. It was written to promote discussion within the party and to enable members to think about their contributions to the Policy Forum. If you have comments on the document please email them to: communications&press@penrithborderlabour.org.uk

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When the Covid-19 pandemic is finally under control there will be an opportunity to put forward new ideas and policies to deal with the aftermath. Extraordinary situations require exceptional solutions and certainly not a return to the old-school Toryism that glorifies free market, neoliberal economics as a panacea to all our woes. We know only too well that it was free market economics that caused and worsened the effects of this crisis in the first place.

If we are to avoid decades of misery as a result of a long and deep recession, we must look back at what has and hasn’t worked and choose the better option. We must look forward to new radical solutions to resolve problems thrust upon us by these unprecedented challenges.

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There are four elements to addressing the issues that require urgent attention and significant adjustment of UK economic policies.

  1. We must ensure that the basic human needs of food, water, housing, warmth, education, employment and health and well-being are met for everyone.
  2. We must acknowledge the inescapable fact that our safety and security as a nation will always be precarious if we allow key strategic services to be controlled by the uncertainties of the free market.
  3. We must rebalance the huge pay gaps, ameliorate unjust inequalities and better value and reward those workers who are key to our well-being, safety and security, e.g. NHS staff, care workers, supermarket staff, teachers, firefighters, ‘infrastructure’ workers’ and those employed in all kinds of transport.
  4. We must take the opportunity to rewire the economy through establishing a National Investment Bank which will be key to making a transformational leap with a revolutionary green recovery plan that prioritises the protection of our environment through a cleaner, greener future and boosts an economic revival
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