Starmer's Growth Agenda Faces a Familiar Transatlantic Challenge

Westminster's fascination with American politics is nothing new.

- TDG NETWORK

From the Clinton-Blair "third way" to current parallels between Joe Biden's Democrats and Keir Starmer's Labour Party, political strategies often cross the Atlantic. Today, Labour is drawing inspiration from Biden's ambitious economic reforms. But as Starmer's government rolls out its own 10-year industrial strategy, important lessons must be learned from what went wrong in Washington.

Biden's administration invested heavily in long-term economic transformation. Through landmark legislation like the Chips and Science Act, Infrastructure Investment and Jobs Act, and Inflation Reduction Act, the U.S. poured billions into reshaping its economy. These reforms triggered more than $1 trillion in private investment, boosted wages—especially for the lowest earners—and delivered impressive post-pandemic growth.