Securonomics

She [Rachel Reeves] told the FT her ‘securonomics’ had to be based on ‘the rock of fiscal responsibility’ and that Britain was at risk of being ‘sidelined’ unless it accepted that the rules of the global economy had changed.

It’s to be funded by taxing private schools, although whether Reeves’s “securonomics” has the capacity to respond to what teachers want more broadly, is another matter.

Done without careful planning, it could increase reliance on imported virgin steel and recycled scrap metal. It will also test the government’s commitment to “securonomics” which involves safeguarding the supply of key goods and services to the UK.