Hosting the event is a fantastic coup for the city, as it brings leading economists and entrepreneurs from more than 120 countries to Liverpool. It is a wonderful opportunity to highlight on the world stage that we truly are a city of creativity, business innovation and entrepreneurialism.
Chuka welcomed the achievement of bringing GEC to Liverpool, but also spoke about the challenges facing our economy and how the government’s approach is just not working.
When George Osborne implied that we were on the brink of bankruptcy, he was not only wrong, he was irresponsible. By cutting too far and too fast, the Government choked off growth before it was properly established. Business confidence nosedived following their 2010 Spending Review. Here in Liverpool and elsewhere, we have seen too little investment and virtually no growth.
Chuka set out what Labour would do to deal with the major issues facing our economy. He called for a more active government to bring growth back to our economy, support businesses and deliver the jobs that our area desperately needs.
We know that our region and our country is a leader in many areas. From advanced manufacturing, aerospace and automotive to financial and business services, the creative industries, and higher education, we have a world class offer. Liverpool is of course home to many of these areas of strength.
Chuka made clear that in addition to building on these existing sectors, we also need to develop new, future technologies.
The growing digital sector here in Wavertree is just one example of how we are building the economy of the future, locally. I’ve been a great supporter of the industry in the constituency and in parliament. It shows how even in these tough times, new businesses can flourish.
Despite the difficulties our economy faces, and the government’s damaging approach, the GEC I hope will be a real boost to Liverpool in order to help drive jobs growth and business success.
I’m delighted to see it here and look forward to working with business, entrepreneurs, Liverpool Vision and the city council to maximise the benefits of this brilliant event for our city.
I’m pictured with Chuka Umunna, Cllr Joe Anderson, and Louise Ellman MP. Thanks to Downtown Liverpool for hosting the event, and Adam Kenrick photography for the photo