Is the OECD right that inequality has significantly curbed economic growth? Lord Wood of Anfield, a shadow cabinet minister and adviser to Ed Miliband, says Yes. The OECD report confirms that inequality is not just a social problem, but a serious economic problem. It estimates that, over a 20-year period, high and rising inequality cost Britain almost 9 percentage points of growth, while policies designed to [...]
As Ed Miliband seeks to woo businesses, is Labour’s pro-enterprise stance credible? Lord Wood of Anfield, shadow cabinet minister and adviser to Ed Miliband, says Yes. Labour knows that the foundation of a successful Britain is the success of British business – large and small, home and abroad. But to compete and succeed in the decades ahead, we need to address the long-term challenges of our economy. [...]
