Theme: Political Economy | Content Type: Journal article

Labour's ‘Everyday Economy’: Why, How, and for Whom?

Christine Berry


Carl Raw

| 1 min read

The literature on the ‘everyday’ or ‘foundational’ economy poses fundamental challenges to orthodox economic thinking. First, it implies a different way of thinking about economic success, based on good lives for all rather than growth for growth's sake. Second, it emphasises how dominant financialised business models undermine good outcomes for both workers and consumers. But, since the ‘everyday economy’ as a political frame does not make these issues explicit, it leaves room for them to be elided as part of Labour's post-Corbyn rebranding. When Starmer's Labour has squarely confronted issues of power and ownership in the ‘everyday economy’—for example, with its proposed windfall tax on oil and gas firms or plans for publicly-owned energy generation—it has reaped political dividends. However, it remains to be seen whether the party has the appetite to build on these interventions and set out a broader agenda for structural reform.

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    Christine Berry

    Christine Berry is an independent writer and researcher, contributing editor of Renewal journal, Associate Fellow of IPPR North and Senior Fellow of the Finance Innovation Lab.

    Articles by Christine Berry
Volume 94, Issue 3

Latest Journal

Volume 94, Issue 3

Includes a commentary by Colin Crouch on the dark heart of today's Conservative party, an article by Stewart Lansley tracing the history of ‘crowding out’, and its use as a justification for austerity and state deflation; and Tim Vlandas and Kate Alexander-Shaw debating the political economy of age. In our reports and surveys section, Deborah Mabbett asks where next for curbing London's emissions? The issue also includes a selection of book reviews such as Andrew Gamble on The Culture of Accountability: A Democratic Virtue by Gianfranco Pasquino and Riccardo Pelizzo, and Leila Simona Talani on Europe's Coming of Age by Loukas Tsoukalis.

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