Our response to the Chancellor's growth speech
Growth will only come if it is inclusive, and that requires us to tackle inequality. Well-designed regulations are a key route to achieving both lower inequality and higher growth.

We welcome Labour’s focus on growth, reiterated by the Chancellor in her speech in Oxfordshire yesterday. In particular, we welcome the commitment to driving growth outside London and the South East—an essential step in addressing the regional inequality that has held back too many communities for too long.
The Fairness Foundation has consistently highlighted how tackling inequality and promoting fairness are critical enablers of inclusive economic growth. Whilst we recognise the urgency of revitalising the economy, it is essential that this is done in a way that builds long-term, sustainable prosperity. Growth that exacerbates inequality risks creating deeper economic and social divides, undermining both economic resilience and social cohesion.
Successive governments have promised growth through deregulation and tax cuts for the wealthy, yet Britain remains stuck in a cycle of low investment, stagnant wages, and widening regional disparities. If Labour truly wants a “decade of national renewal,” it must break from this pattern. That means prioritising growth that is broad-based and inclusive, rather than relying on short-term deregulation that risks compounding existing inequalities.
Where poorly designed regulations are holding back economic progress, we agree they should be revisited. However, well-designed regulation is not a barrier to growth - it is the foundation of fair markets, consumer protection, and investment in key areas such as clean energy, infrastructure, and skills development. These are the very building blocks of a fair and dynamic economy.
Failing to get this right carries significant risks. A short-term, deregulation-driven approach could miss the opportunity to build an economy that delivers long-term benefits for all. It could also deepen social divisions, erode trust in democratic institutions, and weaken community cohesion. Our recently published Wealth Gap Risk Register highlights how rising economic inequality has spillover effects that are barriers to the government's wider missions.
We stand ready to work with the government to help deliver its growth ambitions in a way that ensures that fairness is at the heart of economic policy. The focus must now be on delivering inclusive and sustainable growth - growth that benefits everyone, not just those already at the top.