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Reeves says the supply side of the economy has been held back.

Politicians have lacked the courage to confront the factors holding back growth.

They have accepted the status quo. They have been the barrier, not the enablers, of change.

Without economic growth, we cannot improve the living standards of ordinary working people, because growth isn’t simply about lines on a graph. It’s about the pounds in people’s pockets, the vibrancy of our high streets and the thriving businesses that create wealth, jobs and new opportunities for us, for our children and grandchildren.

We will have succeeded in our mission when working people are better off.