Now it’s not the time to turn your back into the world, but to face forward | Rachel Reeves

THis week we witnessed the uncertainty of a changing world. Financial markets and national states that respond to the dawn of a new economic era and the reality of new barriers to trade. They are not doubtful that the imposition of the rates will have a deep impact on the global economy and the economy at home.

This change can be disturbing for families who are worried about the cost of living and companies worried about what it means to. But our task as a government is not to be eliminated or to take reckless actions, which risks undermining people’s safety. Instead, we have to get up to meet the moment and do what is right in the national interest of Great Britain.

That’s why we are acting. On Monday we announced our intention to relieve the pressure on British car manufacturers by facilitating the Mandate EV. Wednesday we announced a file Brand new themed park To be built in Bedfordshire – Rashing in £ 50 billion for the economy. Thursday the prime minister confirmed £ 30 million to reopen Doncaster airport. And on Friday we saw Tick ​​Up growth of 0.5% – the largest increase since last June.

This is the plan for change in action: guide infrastructure projects that will lead to the growth we need to improve life standards for everyone.

For too long the global economy did not work for workers. The industries have been authorized to refuse or disappear. The cost of the living crisis exposed our vulnerability to Vladimir Putin’s actions, which used energy prices as a weapon of war. And bad economic management has left the countries most exposed to global shock.

Insecurity has become a virus that afflicts our economies, with an endemic of low salary, bad working conditions and inactivity. And Great Britain was not alone in this. That’s why our response must be guided by our national interest and safety for workers.

Let’s start with stability. Economic stability is the assumption of growth. In a moment of global uncertainty, companies will rightly try countries capable of providing them with the safety of investing and growing. This is why we made the decision to the autumn budget of last year to set the foundations of our economy and to put our public finances back on a stopped plan after years of vandalism under conservatives.

Because with that stability the security comes. It is not enough for the state to simply get out of the way and leave the markets to your devices. Our economy is too exposed to the global interruptions and shocks of the offer, as recent events have shown. Instead, we need a strong, intelligent and agile state to support the key industries and support those sectors of the economy particularly affected by rates. It is not a question of choosing winners or losers. It is a matter of using the government’s power to support those sectors of the economy capable of providing safety for workers, whether it is jobs or investments, and which can compete in a global market.

This is the reason why the Prime Minister and I entered last week to support British car manufacturers to decarbon in a sustainable way, helping the transition to electric vehicles and giving them greater flexibility to achieve the 2030 goal. This is why this Labor Government has acted in Parliament Save British steel production for the future. And that’s why I am announcing a new support package for thousands of British exporters who are influenced by rates by extending loans, guarantees and insurance to those companies that face significant short -term tension. The promise of security supported by the actions necessary to provide such safety.

But we must double our growth plan. People are impatient for change. I am impatient. We cannot afford to stay still. We have to go further and faster, with every part of the state – from Whitehall to Cardiff, Edinburgh to Belfast, Manchester to Sheffield, working together in our collective effort. So, in the coming weeks, working with cabinet colleagues throughout the government, we will bring actions from our industrial strategy to support our economy and reduce obstacles to growth.

I will keep further interviews with corporate leaders on how we will accelerate our plans. How we can demonstrate the place of Great Britain as a safe refuge to live, invest and do business. And how we can seize the opportunities in front of us. Economic growth will also be wired in the revision of spending, with a focus laser to guarantee the investments we do now, whether it is energy, transport or digital – tomorrow will offer prosperity.

And finally, there is the place of Great Britain in the world. The Labor Party is an internationalist party. We understand the benefits of free and fair trade and collaboration. Now it’s not the time to turn your back into the world, but to face forward. The prime minister showed that leadership when it comes to our country’s response to war on Ukraine and the increase in defense expenditure. He showed the calm and considered leadership necessary in moments like this.

We continue to pursue the best possible agreement with the United States. At the same time, we will continue to pursue future commercial agreements with other economies, including IndiaAnd to secure a new ambitious relationship with the EU that deepens the links with our greatest commercial partners and offers Great Britain.

And at the end of this month, I will travel to Washington for the spring meetings of the IMF, where I will clarify the support of the United Kingdom for the institutions that are the basis of global economic stability. But I will also make the topic for a more balanced global economic and commercial system that supports national economies to become more resilient. One who recognizes the benefits of free and fair trade, but also tries to face the challenges of this new era.

I am not an illusion for the difficulties that await us. The change can be disturbing. But this is a government on your side and will continue to act in our national interest. We have a plan for the change that is keeping the promise of a better future. Safety for workers and renewal for Great Britain. More kilos in people’s pockets. This is our promise and, together, this is what we will deliver.