Starmer announces his plan for growth & it's as stupid as we feared

Starmer's Labour via shadow Chancellor Rachel Reeves have announced where they think economic growth will come from. Be afraid.
Right, so Keir Starmer has deployed his toilet frequenting chancer of a shadow Chancellor Rachel Reeves to do the Sunday morning shows today and Labour’s plan for growth was finally unveiled, which, as it turns out is exactly the sort of inane Thatcherite drivel too many of us on the left expected it to be, amounting to more trickle down economics, big business doing all the investment so that the government isn’t and we’re expected to believe that this time, this time it’ll work, this time business will share the wealth and we’re all supposed to believe that a party that won’t introduce a wealth tax will definitely make businesses pay what they are supposed to this time. We’re talking PFI for big business here in effect, it never worked under the Tories, it never worked under New Labour, all it did was create more donors for both main parties as the country goes to the dogs and Keir Starmer and Rachel Reeves are sadly just as greed driven as their predecessors.
Right, so Rachel Reeves has done the studio tours this morning, had a spot of bother on Sky who cut her off due to technical issues, they looked at what she was saying and even the computer said no, though sadly too many just intent on getting the Tories out are just going to vote another set of Tories in if they decide to throw their votes Keir Starmer’s way. Reeves was doing the rounds and talking about her National Wealth Fund. Now that phrase in and of itself to my ears was very reminiscent of the Corbyn era policy of a national investment bank and smaller regional investment banks across the country, which would have been funded by public spending, always misleadingly called borrowing, which is stupid when we literally print the money so borrowing from ourselves, owing to ourselves and actually not needing to pay it back if as was the intention, it generated a return by supporting businesses to get off the ground nationally and regionally increasing tax take, thereby offsetting the money ‘borrowed’ to set it up. All the benefit would be to us and to the public purse, so naturally it had to be hammered as unaffordable, as bankrupting the nation, as maxxing out the nations credit card. A country that can produce it’s own currency as we can, can never go bankrupt, and there’s no credit card, just a magic money tree called the Bank of England.
Anyway, Starmer and Reeves as you might have guessed, their National Wealth Fund, whilst superficially sounding like the idea of Jeremy Corbyn and John McDonnell is nothing like that and she said as much to Laura Kuenssberg. Have a listen.
So according to Reeves, this wonderful new National Wealth Fund will begin with some £7bn of public money to get it going and encourage investment from big business thereafter, because of course they won’t invest in nothing at all, they have to be incentivised to do so and when a former Bank of England and the CEO of a major high street bank supporting it, because of course they’re always on the side of ordinary working class people, a rather big rat ought to be being smelt at all of this.Show more

***Subscribe to the channel here*** https://www.youtube.com/KernowDamo?sub_confirmation=1

►ABOUT ME:
Hi, I'm Damien Willey. I'm a former welder, but now I'm a writer, blogger, vlogger and presenter and interviewer with Socialist Telly (Please do go and visit what we all get up to on https://www.youtube.com/c/SocialistTelly)
I'm an unpaid carer for my disabled wife and daughter and as such we know all too well the difficulties that associated with that living in Tory Britain and I personally believe the answer lies in socialism.
This channel, along with my other social media act as outlets to push back against that, to demand better of our politicians and leaders, to pull apart the media spin that supports them and the way the UK is run and to give a voice, to the voiceless.

►CONTACT:
Email: damien.willey@outlook.com

►SUPPORT:
If you appreciate the importance of alternative media in the UK and enjoy my work please consider financially supporting it. Various options to suit all budgets, please visit linktr.ee/KernowDamo to find out more. Please support Independent Media.

►SOCIAL MEDIA LINKS
Alternatively please share this video on your favourite social media & if you'd like to see what I get up to elsewhere, yoy can also find links to my presence elsewhere at linktr.ee/KernowDamo

Damo Rants Kernow Damo starmer,keir starmer,kier starmer,labour,rishi sunak keir starmer,labour party,keir starmer labour,starmer economy,starmer national wealth plan,national wealth plan,rachel reeves,rachel reeves live,cost of living,rachel reeves budget,economy,shadow chancellor,labour national wealth plan,priviate finance initiative,rachel reeves pfi,keir starmer pfi,trickle down economics,kernow damo,damo rants,benefits britain,universal credit,kernowdamo,damo,dwp