Theme: Political Economy | Content Type: Journal article

Everyday Economy and Levelling Up

Luke Raikes

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Jarmoluk

| 1 min read

Levelling up and the everyday economy are two crucial concepts for understanding the direction of policy making in the UK, but the relationship between them has not yet been fully explored. Moreover, the UK's industrial and regional policies are woefully underdeveloped. This article suggests how levelling up and the everyday economy concepts could contribute to Labour's emerging industrial and regional policies. It argues that Labour is right to pursue an economic growth agenda, but must make growth work for communities and workers, and the everyday economy can help. The everyday economy can contribute to, and benefit from, local productivity growth, but regions still need companies that export or are at the technological frontier to raise demand, productivity and pay. Labour should work with the government's Levelling Up White Paper, but this was overly focussed on cities and knowledge intensive business services: there is an economic case for including towns and manufacturing too, and they should prioritise connecting places and sectors, building on the diverse strengths which different places can offer, and setting a long-term direction of travel. Over time, Labour should try to ensure that cities, towns and smaller communities are better connected, better coordinated and more specialised within larger regions. Labour should, therefore, set out an industrial and regional strategy; work up an economic development toolkit; and devolve economic powers to Mayoral Combined Authorities and councils.

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  • Luke Raikes

    Luke Raikes is Research Director at the Fabian Society and a councillor on Manchester City Council.

    Articles by Luke Raikes
Volume 96, Issue 2

Latest Journal

Volume 96, Issue 2

This issue features a collection titled 'Governing from the Centre Left' edited by Deborah Mabbett and Peter Sloman. In this collection, authors including Claire Ainsley, Jörg Michael Dostal and Eunice Goes examine how centre-left governments in North America, Australasia, and Western Europe have dealt with recent global pressures, and consider what lessons the UK Labour government should learn from its overseas counterparts. Other articles include a commentary by Ben Jackson titled 'Poverty and the Labour Party'; John Connolly, Matthew Flinders and David Judge on 'How Not to Deliver Policies: Lessons in Undeliverability from the Conservative Governments of 2019–2024'; Stewart Lansley on 'Wealth Accumulation: The Good, the Bad and the Ugly'; and Coree Brown Swan, Paul Anderson, and Judith Sijstermans on 'Politics and the Pandemic: The UK Covid-19 Inquiry and Devolution'. A selection of book reviews feature Victoria Brittain's review of 'Palestinian Refugee Women from Syria to Jordan, Decolonizing the Geopolitics of Displacement' by Afaf Jabiri, and Anna Coote's review of 'The Care Dilemma: Caring Enough in the Age of Sex Equality', by David Goodhart.

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