Last week the Prime Minister shared his Government’s Plan for Change that detailed the milestones on the way to their five missions. I was relieved to see the move away from the crude focus on growing GDP to a focus on improving people’s living standards. Unless economic growth delivers material benefits for more of us, Starmer’s future and his mission hang in the balance.

At NEF, we know boosting living standards and creating a green economy will not happen without scrapping our arbitrary fiscal rules, borrowing wisely, and taxing the wealthiest. We’ll continue to call on the government to take this action and are working on providing new ideas for how it can improve lives — from land reforms that will help pay for the social homes we need, to a green interest rate to encourage growth in renewables.

Danny Sriskandarajah, chief executive, New Economics Foundation