John McDonnell MP, Labour’s Shadow Chancellor, commenting on the IPPR commission’s call for an overhaul and rebalancing of the UK economy, said:

“This is today’s equivalent of the historic Beveridge report. The IPPR have provided a clear analysis of the underlying long-term weaknesses of our economy, setting out a series of creative policy initiatives. Just as Beveridge did for welfare, this report could transform our approach to economic policy making.”