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Shadow Chancellor of the Exchequer outlines three pillars of domestic growth

The Shadow Chancellor of the Exchequer, Rt. Hon. Rachel Reeves MP, recently addressed the CityÔÇÖs banking and finance community, setting out a comprehensive strategy for fostering economic growth within the country.

Reeves emphasized the importance of three key pillars for growth: ensuring economic stability, driving investment in partnership with businesses, and reforming public services and the labor market. These pillars, she believes, are crucial for laying the foundation for sustained growth in the face of global challenges.

During the 36th annual Mais Lecture at Bayes Business School, now known as Bayes Business School, on March 19, 2024, Reeves delivered a speech titled ‘Economic Growth in an Age of Insecurity’. In her address, she presented a blueprint for navigating the uncertainties of the current economic landscape and called for a ‘fundamental course correction’ to facilitate long-term growth.

The event, which was attended by 200 business and finance leaders, students, and members of the media, was live-streamed across various platforms to reach a broader audience.

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Following the lecture, a Q&A session chaired by Professor Barbara Casu delved into various topics, including the balance between stability and change, lessons from international economic policies, and the role of economic institutions in shaping the UK’s growth trajectory.

Reflecting on her participation in the Mais Lecture, Rachel Reeves expressed gratitude for the opportunity to present Labour’s vision for sustainable growth and economic revitalization across communities in the UK.

Bayes Business School Dean, Professor Andr├® Spicer, commended Reeves for her insights and highlighted the school’s commitment to fostering economic growth through thought-provoking events like the Mais Lecture.

Professor Barbara Casu appreciated the Shadow Chancellor’s perspectives on economic growth and the challenges posed by global uncertainties. She stressed the importance of maintaining stability while promoting private sector productivity to ensure sustainable growth.

The Mais Lecture has established itself as a prestigious event in London’s finance community, attracting distinguished speakers and holding a tradition of hosting influential figures in the financial and economic spheres.

Discover more about Rachel ReevesÔÇÖ Mais Lecture here.

Learn more about the Mais Lecture here.

Explore the latest research from the Centre for Banking Research here.

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