Politics
Rachel Reeves: Labour will learn from Israel’s economy when fixing UK’s problems
The Shadow chancellor called Diane Abbott’s words 'abhorrent and antisemitic' at the UJIA Israel 75 business breakfast
April 26, 2023 14:18
The Shadow chancellor called Diane Abbott’s words 'abhorrent and antisemitic' at the UJIA Israel 75 business breakfast
April 26, 2023 14:18Rachel Reeves has stressed a Labour government will learn from Israel’s economy when fixing the UK’s problems.
Whilst at the UJIA Israel 75 business breakfast, the shadow chancellor said a future Labour government would look to the example of Israel’s “economic miracle” to provide an alternative to “managed decline” under the Conservative Party.
Reeves told the room: “Israel’s lesson is instructive. Their strategic public investment has unlocked massive private sector funding. For too long Britain has failed to invest in its future, our thinking has been blinkered and short-term.
“It is right therefore to look to Israel’s economy at the age of 75, and ask ‘what can we learn?’ David Ben Gurion said that ‘in Israel to be a realist you must believe in miracles’. He was right. To visit Israel today is to see the fruits of a very modern economic miracle.
