Rachel Reeves, the Shadow Chancellor of the UK, has announced a new economic strategy inspired by Joe Biden's "Bidenomics"

This strategy, called "securonomics", aims to rebuild Britain's "industrial foundations" and insulate the country against global shocks by creating high-quality jobs in British businesses and reducing dependence on foreign workers and goods.

24 May 2023 · 19:25 UTC

Reeves has pledged to foster new partnerships between the free market and the state and with like-minded international allies.

The UK's flagship economic policy is a £28bn a year "green prosperity plan" to create jobs in new green industries and set up a publicly-owned renewable energy company.

Reeves has promised to cut Britain's debt burden by binding a future Labour government to strict borrowing limits.