0:00:45 > 0:00:51You see how life moves on.Thanks for inviting me and it is a pleasure
0:00:51 > 0:00:55to be here for the second year running. A good deal has changed
0:00:55 > 0:01:00since I came to your conference last year. We had a surprise general
0:01:00 > 0:01:06election. Too many people here, and perhaps an even more surprising
0:01:06 > 0:01:12result. A result that returns a weak and divided Conservative Government
0:01:12 > 0:01:15and labour opposition stronger and more united than ever before. We
0:01:15 > 0:01:22have also seen the terms of the economic debate shift dramatically.
0:01:22 > 0:01:28I'd put it to you last year, but too many people the economic system
0:01:28 > 0:01:34simply isn't working. A system that is delivered, rising inequality and
0:01:34 > 0:01:39falling living standards for the majority. When 6 million of those in
0:01:39 > 0:01:43work are earning less than the living wage, it is a system in which
0:01:43 > 0:01:46large numbers of people have lost confidence. It is not hard to see
0:01:46 > 0:01:57why. The richest 10% now own 900 times the wealth of the poorest 10%.
0:01:57 > 0:02:01And in recent years, half of the increase in personal wealth has gone
0:02:01 > 0:02:09to the top 10%. I put it to you this year, that a crucial region for the
0:02:09 > 0:02:13surprising election result, the biggest turnaround in polls during
0:02:13 > 0:02:17an election campaign in British history, is that Labour went to the
0:02:17 > 0:02:21country with a vision that offered hope and change. Our manifesto for
0:02:21 > 0:02:29the many, not the few, set out a fully costed programme to build an
0:02:29 > 0:02:33economy which gives everyone the chance of a secure and fulfilling
0:02:33 > 0:02:38life.
0:02:38 > 0:02:41Since the general election in June the political establishment has
0:02:41 > 0:02:47finally begun to catch up. Calls to end austerity now come from all
0:02:47 > 0:02:52sides in Parliament. Senior Cabinet ministers are taking their lead from
0:02:52 > 0:02:57Labour, and pushing for more radical solutions to the housing and student
0:02:57 > 0:03:02debt crisis. Sajid Javid advocates 50 billion of borrowing for
0:03:02 > 0:03:08investment in housing, Jeremy Hunt has broken ranks and called for an
0:03:08 > 0:03:12end to the public sector pay cap, and few would have predicted that
0:03:12 > 0:03:18one year ago. Of course, we are yet to see if they can convince the
0:03:18 > 0:03:24Chancellor. It is a measure of the essential pragmatism of business
0:03:24 > 0:03:28people that so many have changed their outlook too. Business people
0:03:28 > 0:03:32across the country have expressed to meet growing awareness and
0:03:32 > 0:03:40acceptance that things have to change. The London chamber of
0:03:40 > 0:03:46commerce to build freely to build housing. We know an economic model
0:03:46 > 0:03:53that allows the few to grow very rich while there is rising
0:03:53 > 0:03:58indebtedness, that leaves too many people in and for filling and
0:03:58 > 0:04:07insecure work that is overreliant in one sector is not sustainable and in
0:04:07 > 0:04:13this week for weeks, it clear that Britain needs a pay rise. With too
0:04:13 > 0:04:19much housing income which is going to pay debt or rent, that is less
0:04:19 > 0:04:24money for consumers to spend on productive businesses. That is why
0:04:24 > 0:04:32Labour backs a real living wage, and sensible control on rents and debts.
0:04:32 > 0:04:39It isn't good for business either. We understand that Labour has
0:04:39 > 0:04:44changed, and you have changed. But there is one thing that hasn't
0:04:44 > 0:04:49changed. One year ago we were just five months on from the referendum
0:04:49 > 0:04:55vote to leave the European Union. The government's sluggish response,
0:04:55 > 0:05:02to which had already created unprecedented uncertainty for
0:05:02 > 0:05:06business, but when you run Article 50 has been triggered and Brexit
0:05:06 > 0:05:11negotiations are underway. Many of you feel no closer to how the
0:05:11 > 0:05:16direction of travel is that they desperately need. Watching chaos and
0:05:16 > 0:05:20confusion grow at the heart of government and Brexit negotiations
0:05:20 > 0:05:26stuck in stalemate, many of you feel the situation is more uncertain and
0:05:26 > 0:05:33precarious than ever. Time is running out. We know, as you do,
0:05:33 > 0:05:39that firms are deciding now whether to continue to invest in the UK. And
0:05:39 > 0:05:44that guarantees in key areas are now needed to stop firms from cutting
0:05:44 > 0:05:52the UK out of their business models. We joined forces with other business
0:05:52 > 0:05:56organisations, the engineering employers organisation, the Chamber
0:05:56 > 0:06:02of Commerce and the Federation of small business. Remember, so many
0:06:02 > 0:06:06people in the private sector work for small and medium-sized
0:06:06 > 0:06:10businesses and they must be taken into account in all of our
0:06:10 > 0:06:14considerations. In joined forces to ask the government to heed the needs
0:06:14 > 0:06:17of business as they negotiate our exit from the European Union. We
0:06:17 > 0:06:26agree. We need a Brexit which puts jobs and living standards first and
0:06:26 > 0:06:30Labour which is common ground with you, putting the labour needs of the
0:06:30 > 0:06:34economy front and centre stage. We have common ground in the need for
0:06:34 > 0:06:39transitional arrangements to be agreed immediately. So that
0:06:39 > 0:06:45businesses know they will not face a cliff edge Brexit when the two-year
0:06:45 > 0:06:52negotiation period is up. Let me be clear, to delay a transitional deal,
0:06:52 > 0:06:57until the final deal is agreed, as the Prime Minister says she wants to
0:06:57 > 0:07:02do, is simply not good enough. The prospect of sudden changes in the
0:07:02 > 0:07:06legal and regulatory environment in which people do business is
0:07:06 > 0:07:11affecting your decisions right now. And we have common ground. On the
0:07:11 > 0:07:20threat of no deal which claims the Secretary for International trade is
0:07:20 > 0:07:24a nightmare scenario. One that involves tariffs on our food imports
0:07:24 > 0:07:30and our manufacturing exports, queues at our ports and a hard
0:07:30 > 0:07:35border with Northern Ireland, with all of the dangers that could bring.
0:07:35 > 0:07:41The fact that some in the Cabinet want no deal to relaunch Britain as
0:07:41 > 0:07:45a race to the bottom deregulated tax haven on the shores of Europe only
0:07:45 > 0:07:51adds to the risks. And we agree. On the need to signal that the UK
0:07:51 > 0:07:55remains open to the rest of the world that Europe is not the enemy.
0:07:55 > 0:07:59But a partner in a strong and cooperative relationship for the
0:07:59 > 0:08:05future. European Union citizens living in Britain are our friends
0:08:05 > 0:08:13and fellow workers. And neighbours and friends of our families, that is
0:08:13 > 0:08:18why our government should unilaterally agree for them to have
0:08:18 > 0:08:22full rights while here. They should have had that months ago and Labour
0:08:22 > 0:08:30called for that in July last year, just after the referendum. Like you,
0:08:30 > 0:08:35we've always said that we respect the result of the referendum. Like
0:08:35 > 0:08:39you, we have always said that the economy, jobs and living standards
0:08:39 > 0:08:43should come first in the negotiations, which means it is
0:08:43 > 0:08:50crucial that the final deal maintains the benefits of the Common
0:08:50 > 0:08:55Market and the customs union. I promise you today that between now
0:08:55 > 0:09:00and March 2019, we will use every opportunity that we can find to put
0:09:00 > 0:09:08pressure on the government to do the same. But, as Carolyn rightly
0:09:08 > 0:09:12pointed out, we must not use up all of our energies on the Brexit
0:09:12 > 0:09:17negotiations. There is vital action to be taken at home too. What will
0:09:17 > 0:09:22be determined in the next two years is not just our relationship with
0:09:22 > 0:09:27the EU, but the kind of the economy and country that we want to live in.
0:09:27 > 0:09:34A bad Brexit deal risks exacerbating existing weaknesses in our economy.
0:09:34 > 0:09:39Low investment, low productivity and low pay. We will be less in the
0:09:39 > 0:09:43country down if we do not seize on the period of change to tackle those
0:09:43 > 0:09:48weaknesses at their root causes, by working together to give shape to a
0:09:48 > 0:09:54new economic model that will create a fairer and richer Britain for all.
0:09:54 > 0:09:58I believe that we share a great deal of common ground on how this should
0:09:58 > 0:10:06be done. Again, I echo Carolyn. If we are to rage standards of living
0:10:06 > 0:10:10wages, we must solve the productivity crisis. It continues to
0:10:10 > 0:10:15take a work in Britain five days to produce what a worker in France and
0:10:15 > 0:10:21Germany produces in four. If the Obiang decides that our recent
0:10:21 > 0:10:30version of productivity performance and revises down projections -- OPI,
0:10:30 > 0:10:35it will take a huge toll on public finances, as the Institute for
0:10:35 > 0:10:40Fiscal Studies has pointed out. It couldn't be clearer, the
0:10:40 > 0:10:45productivity crisis is making our country poorer. The answer to our
0:10:45 > 0:10:50productivity crisis lies in investment. In infrastructure, new
0:10:50 > 0:10:54technologies, and in people. Business investment is being held
0:10:54 > 0:11:01back, I've creaking infrastructure and a shortage of skilled workers,
0:11:01 > 0:11:06say government must act first. Yet, under the Conservatives, crucial
0:11:06 > 0:11:11infrastructure investment has been delayed from re-let revocation to be
0:11:11 > 0:11:16Swansea tidal lagoon. The adult skills budget has been slashed. It
0:11:16 > 0:11:19even went into the election promising to cut per-pupil funding
0:11:19 > 0:11:26in real terms. The Chancellor should use his autumn budget to change
0:11:26 > 0:11:33direction and invest in long-term growth. That is what Labour has
0:11:33 > 0:11:40already pledged to do. With national transformation funds to upgrade the
0:11:40 > 0:11:45country's infrastructure and reverse years of underinvestment in the
0:11:45 > 0:11:48regions, and fairness between the south and the north, and between
0:11:48 > 0:11:56East and West and the nations has to be addressed. We have two be
0:11:56 > 0:11:59investing in transport, energy and capital infrastructure right across
0:11:59 > 0:12:06the country so we will establish a national investment bank with a
0:12:06 > 0:12:09network of regional development banks which provide patient finance
0:12:09 > 0:12:15for firms wanting to adopt and implement existing innovations, or
0:12:15 > 0:12:22to develop entirely new ones. We are a very creative country. And we will
0:12:22 > 0:12:26build a national education service to ensure that when businesses
0:12:26 > 0:12:31create skilled jobs, there are people able to fill them and where
0:12:31 > 0:12:34businesses adopt new technologies, they're in employee 's know how to
0:12:34 > 0:12:41use them. These policies help create conditions that businesses need to
0:12:41 > 0:12:47invest. They will only deliver the improvements the economy needs if
0:12:47 > 0:12:53they are backed up by a bold industrial strategy. Again, this
0:12:53 > 0:12:58government failed to act. We have heard a lot of warm words on
0:12:58 > 0:13:01industrial strategy but we are still waiting to hear how they will take
0:13:01 > 0:13:09it forward. Labour's industrial strategy built on national missions
0:13:09 > 0:13:11for energy transition and to increase research and develop in
0:13:11 > 0:13:20spending to 3% of GDP by 2030 will lay down the challenge to businesses
0:13:20 > 0:13:29to provide the foundations on which they can be met. We will invest 1.3
0:13:29 > 0:13:32billion in our first two years of government to galvanise private
0:13:32 > 0:13:40investment. Set up two new capital centres for metals, centres of
0:13:40 > 0:13:44collaboration and innovation to drive productivity and improvement.
0:13:44 > 0:13:49And, harness the 200 billion spent by the public sector each year to
0:13:49 > 0:13:55boost local economies and local supply chains. To bring prosperity
0:13:55 > 0:14:02to every region of the country. That is how we deliver properly funded
0:14:02 > 0:14:06public services, in the long run. And ensure that everyone earns
0:14:06 > 0:14:11enough to live on. If we get this right, it isn't just our economy
0:14:11 > 0:14:15that will be stronger but our political institutions and other
0:14:15 > 0:14:22social bonds as well. We will, as you know, raise some taxes to pay
0:14:22 > 0:14:27for it. I knew that he would be welcoming that that! To ensure that
0:14:27 > 0:14:31our spending plans fit within the constraints of our fiscal
0:14:31 > 0:14:39credibility rule. When we do, we will be clear and open about our tax
0:14:39 > 0:14:43plans, as we were during the general election. We will not do it by
0:14:43 > 0:14:48stealth. And, we will seek to improve the functioning of
0:14:48 > 0:14:52businesses taxation wherever possible. By operating business
0:14:52 > 0:14:57rates in line with CPI instead of RPI, moving to annual revaluations
0:14:57 > 0:15:03and exempting new plants and machinery. And looking at staggering
0:15:03 > 0:15:09tax incentives for investment and integration. We do this because a
0:15:09 > 0:15:14fair and functional taxation system is the only way to deliver
0:15:14 > 0:15:18investment in skills which are desperately needed across the
0:15:18 > 0:15:23country. I'm sure that everyone here would agree that providing good
0:15:23 > 0:15:27infrastructure and education is what responsible governments do. And it
0:15:27 > 0:15:34isn't just government that has a duty to be responsible. Business
0:15:34 > 0:15:38does too. From insuring their suppliers often small businesses are
0:15:38 > 0:15:47paid promptly, to ensuring that they pay their taxes in full too. And
0:15:47 > 0:15:55this shocking revelations from the Paradise Papers today, evidence of
0:15:55 > 0:15:59widespread tax avoidance and evasion on an industrial scale must lead to
0:15:59 > 0:16:04decisive action and real change. It is by no means all big businesses,
0:16:04 > 0:16:12but these actions by a few undermine trust in all businesses, and they
0:16:12 > 0:16:16are the victims too, not just reputation early but financially.
0:16:16 > 0:16:21Those businesses that play by the rules and pay the taxes that they
0:16:21 > 0:16:28owe are being undercut by those who do not. The vital revenues
0:16:28 > 0:16:34government needs to fund industrial strategy, good infrastructure and
0:16:34 > 0:16:39world-class education that we aspire to, these things can only be
0:16:39 > 0:16:43delivered by fair taxation. So while we must not tarnish all businesses
0:16:43 > 0:16:50by the actions of a few, we also have a duty to come down hard on
0:16:50 > 0:16:54those avoiding their responsibilities and give Her
0:16:54 > 0:17:00Majesty's Revenue and Customs the resources that it needs.
0:17:00 > 0:17:06As the Shadow Chancellor has set out this morning, we need a full public
0:17:06 > 0:17:11enquiry into tax avoidance and evasion, on and offshore, a register
0:17:11 > 0:17:16of companies and trusts and who benefits from them. And a new tax
0:17:16 > 0:17:21enforcement unit in HMRC. And an end to public contracts for companies
0:17:21 > 0:17:26who are abusing the system. And, we will look at using withholding tax
0:17:26 > 0:17:33where individuals or companies are involved in abusing the system. And
0:17:33 > 0:17:38public contracts the companies engaged in abusive tax avoidance.
0:17:38 > 0:17:42Understand this, the public anger and consternation at the scale of
0:17:42 > 0:17:47tax avoidance reveal yet again today, we are talking about tens of
0:17:47 > 0:17:53billions that are effectively being leeched off our public services by a
0:17:53 > 0:17:56super-rich elite that holds the taxation system and the rest of us
0:17:56 > 0:18:04in contempt. We must take action now to put an end to the socially
0:18:04 > 0:18:10damaging and extortion at costly scandal. There is another area where
0:18:10 > 0:18:19we have a duty to act and act now. Faced with the ongoing revelations
0:18:19 > 0:18:23about sexual harassment, we should make this a turning point and a
0:18:23 > 0:18:28moment of real change. We must no longer allow anyone to be abused in
0:18:28 > 0:18:34the workplace. Such abuse, sexism and misogyny is sadly very far from
0:18:34 > 0:18:39being confined to Hollywood and the corridors of power. It is also
0:18:39 > 0:18:44widespread in our schools and universities, in our businesses and
0:18:44 > 0:18:49workplaces. In our newspapers and our TV screens, it is all around.
0:18:49 > 0:18:57That must change and business has an essential role to play. All of you,
0:18:57 > 0:19:00all of us need to look hard at ourselves, as we in the Labour Party
0:19:00 > 0:19:04are doing, to see how our processes and procedures can be improved. How
0:19:04 > 0:19:10it can be made easier for women to speak out and for victims to get the
0:19:10 > 0:19:15support they have a right to expect. Businesses can have a vital partner
0:19:15 > 0:19:20in rooting out injustice in the workplace, the trade unions. They
0:19:20 > 0:19:25are crucial to taking on and rooting out sexual harassment and
0:19:25 > 0:19:29discrimination. I would encourage each and every business to be
0:19:29 > 0:19:32serious about improving workplace culture and tackling sexual
0:19:32 > 0:19:38discrimination at work and to engage with the trade unions to do that.
0:19:38 > 0:19:44Governments also have other responsibilities, and forcing a fair
0:19:44 > 0:19:49and transparent regulatory framework, so that, for example,
0:19:49 > 0:19:53businesses are not destroyed by the likes of RBS abusing their power.
0:19:53 > 0:19:56Providing for the health of our citizens and yes, in some cases,
0:19:56 > 0:20:02running essential public utilities. Because everyone of you in this room
0:20:02 > 0:20:07who knows what goes on, seeing an idea brought to the market, or what
0:20:07 > 0:20:14it takes to survive the cut and thrust of consumer choice, month to
0:20:14 > 0:20:17month, knows that privatised monopoly utilities are not real
0:20:17 > 0:20:22markets. Where is the pressure for inefficiency and innovation if
0:20:22 > 0:20:25consumers cannot go elsewhere if they are dissatisfied. I know some
0:20:25 > 0:20:30of you will disagree and think that bringing some part of the economy
0:20:30 > 0:20:33into public ownership won't be good for the reputation of business. But
0:20:33 > 0:20:39it's not good for the image of business when water companies pay
0:20:39 > 0:20:45out billions in dividends and interest payments through financial
0:20:45 > 0:20:48arrangements while households see their bills go up to pay for it.
0:20:48 > 0:20:53It's not good for business, people, if their employees had to spend huge
0:20:53 > 0:20:58amounts of time and money getting to and from work each day on expensive
0:20:58 > 0:21:05and unreliable services. It's not good for manufacturers to have among
0:21:05 > 0:21:11the most expensive energy in Europe or see any G transition held back
0:21:11 > 0:21:14because the necessary investments to transform our energy grid are not
0:21:14 > 0:21:20being made. And just as it wouldn't be good for business to be locked
0:21:20 > 0:21:23into inefficient funding arrangements that don't provide
0:21:23 > 0:21:27finance on the best terms available or inflexible contracts that don't
0:21:27 > 0:21:33add that to your needs, nor is it good for the public. That is why we
0:21:33 > 0:21:39will end the Private Finance initiative because PFI contracts
0:21:39 > 0:21:42have overcharged the public to the tune of billions. You wouldn't put
0:21:42 > 0:21:50up with it, and neither will we. But we won't let ending PFI hold-up
0:21:50 > 0:21:54vital infrastructure investment. We will end it to make sure that
0:21:54 > 0:21:58investment happens in a way that gives best value for money for the
0:21:58 > 0:22:05public in a way that better meets user needs. This isn't about being
0:22:05 > 0:22:07anti-business or anti-enterprise or about closing ourselves off to the
0:22:07 > 0:22:11rest of the world. It is about deciding to attract business from
0:22:11 > 0:22:17across the world by creating world-class infrastructure that is
0:22:17 > 0:22:22sufficiently funded, cheap and reliable energy, safe and efficient
0:22:22 > 0:22:29water and transport systems and, skilled and educated population. Not
0:22:29 > 0:22:36by allowing a select few making monopoly profits from our essential
0:22:36 > 0:22:43utilities. This isn't a throwback to a bygone era, it is entirely in step
0:22:43 > 0:22:48with what is happening in much of the rest of the world. Germany and
0:22:48 > 0:22:52France, even the United States are deciding that key sectors such as
0:22:52 > 0:22:57energy and water are better off in public ownership. It is time for
0:22:57 > 0:23:04Britain to catch up. Building an economy for the money will mean
0:23:04 > 0:23:09making some big changes. But it will also mean an economy that is
0:23:09 > 0:23:14stronger, fairer and more stable. And business know more than anyone
0:23:14 > 0:23:21how important that is. We have common ground on Brexit, Common
0:23:21 > 0:23:26ground on investment training and industrial strategy and a government
0:23:26 > 0:23:29that embraces its responsibilities and carries them out for the common
0:23:29 > 0:23:34good. That is what Labour offers you and that is what Labour offers
0:23:34 > 0:23:39Britain and I thank you for inviting me again to the CBI conference and I
0:23:39 > 0:23:44value the day-to-day relationship we have with the CBI, as does John
0:23:44 > 0:23:48McDonnell and others in my team. I look forward to working with all of
0:23:48 > 0:23:52you in the future, whenever the general election comes and we, I
0:23:52 > 0:23:55hope, are in government to continue working with you.
0:23:55 > 0:24:03Thank you very much.
0:24:10 > 0:24:14Jeremy has agreed to take a few questions. If you put your hand up
0:24:14 > 0:24:21and introduce yourself and when you see the paddle scoop up have our
0:24:21 > 0:24:28undivided attention. Number four. Frank Miller from Teesside. In every
0:24:28 > 0:24:33lash and allies Britain, what are the biggest innovation challenges?I
0:24:33 > 0:24:38think the innovation challenges that will be huge for you and all others,
0:24:38 > 0:24:44are high-technology, robot technology and all the technology
0:24:44 > 0:24:49that goes with it. Previous industrial revolutions have always
0:24:49 > 0:24:54led to huge disparities of wealth and power and a lot of opposition to
0:24:54 > 0:24:58them. Think of the great technological changes over the past
0:24:58 > 0:25:04200 years. We are into a fourth industrial revolution. That has to
0:25:04 > 0:25:07be something that ensures the creativity and well that grows from
0:25:07 > 0:25:11it that has to be shared and spread fairly. You look at the massive
0:25:11 > 0:25:15profits made by a small number of people but owns some of that
0:25:15 > 0:25:23technology, to me unbalanced and unfair. We are working with
0:25:23 > 0:25:27universities and colleges and I know in Teesside you are doing good work
0:25:27 > 0:25:30at the college, the stem centre and we look forward to working with you
0:25:30 > 0:25:39on that. I don't see high-technology, robot technology,
0:25:39 > 0:25:42all that, as particularly a threat to anyone, I see it as an
0:25:42 > 0:25:46opportunity for all of us if there is a public participation and public
0:25:46 > 0:25:52involvement in it.We will have Frances O'Grady along to talk about
0:25:52 > 0:26:03that this afternoon.It came up with the TUC a lot.Perfect.What is the
0:26:03 > 0:26:12colour coding?I was briefed, but I have forgotten.We shall work it out
0:26:12 > 0:26:19as the questions come.Should the Queen apologise for her private
0:26:19 > 0:26:24estate making offshore investments as revealed in the Paradise papers?
0:26:24 > 0:26:30Anyone putting money into tax havens in order to avoid taxation in
0:26:30 > 0:26:34Britain and investigations have to take place, should do two things,
0:26:34 > 0:26:38not just apologise for it, but also recognise what it does to our
0:26:38 > 0:26:45society. Because if a very wealthy person wants to avoid taxation in
0:26:45 > 0:26:51Britain and therefore put money into a tax haven somewhere, who loses?
0:26:51 > 0:26:57Schools, hospitals, housing, all those public services lose and the
0:26:57 > 0:27:01rest of the population have to pay to cover up the deficit created by
0:27:01 > 0:27:08that. So I think the Paradise papers, which I have been reading
0:27:08 > 0:27:12through and like all others this morning, are quite shocking and I
0:27:12 > 0:27:16did raise some of these issues are Prime Minister's Questions last week
0:27:16 > 0:27:21and we will obviously be raising the issue in Parliament and John
0:27:21 > 0:27:25McDonnell spoke about it this morning. There needs to be an
0:27:25 > 0:27:29immediate public enquiry. We simply have too challenged the culture that
0:27:29 > 0:27:35there is something clever about avoiding taxation. Taxation is what
0:27:35 > 0:27:39gives as ambulances, gives us fire stations, gives us safety in our
0:27:39 > 0:27:43lives and we have a responsibility to pay for it. It undermines
0:27:43 > 0:27:48everyone of us, everyone others here who pays our taxes properly and
0:27:48 > 0:27:53diligently. We are undermined by this kind of evasion.It must stop.
0:27:53 > 0:28:02We have about three more questions. Orange is media.I got back, it was
0:28:02 > 0:28:10the Telegraph who asked after. We are working this out.My name is
0:28:10 > 0:28:16Louise Brooks Smith and head of UK planning. International and global
0:28:16 > 0:28:19understanding is great, but we need to make sure our communities are
0:28:19 > 0:28:24looked after here. We all know we need to address the housing supply
0:28:24 > 0:28:28and delivery. There is a white paper out for consultation the moment that
0:28:28 > 0:28:34is looking at elements of that. But would a Labour government be bold
0:28:34 > 0:28:39and call for a comprehensive review of the green belt, rather than
0:28:39 > 0:28:43leaving it up to individual local authorities and have a piecemeal
0:28:43 > 0:28:50affair, as we are looking to have at the moment?If it is a brief answer
0:28:50 > 0:28:54we have time to two more questions. A brief answer on housing and the
0:28:54 > 0:29:02green belt! Come on! I represent an inner London constituency, as
0:29:02 > 0:29:05everybody knows. All my life I have represented it I have been dealing
0:29:05 > 0:29:09with the housing crisis and the reality of insufficient supply of
0:29:09 > 0:29:18rented property by a council housing associations. Overcharging and very
0:29:18 > 0:29:22expensive private rented sector and the damage that overcrowded places
0:29:22 > 0:29:27do to children and the damage that stunted children who have to move
0:29:27 > 0:29:31from one hostel to another when the family becomes homeless, means they
0:29:31 > 0:29:35underachieve in school and we all lose out as a result of it. And the
0:29:35 > 0:29:43way in which too much of urban Britain, the working class
0:29:43 > 0:29:47communities are being built out and moved out of Central City areas,
0:29:47 > 0:29:52changing our cities for ever and the words by the London chamber of
0:29:52 > 0:29:56commerce and others about the labour market problems in London are
0:29:56 > 0:30:02actually replicated all over the country. So there is a point and a
0:30:02 > 0:30:07sense in investing in good quality, socially rented housing for all, to
0:30:07 > 0:30:11give people some certainty in their lives. If anyone has had experience
0:30:11 > 0:30:14of talking to a family who are homeless and then that same family
0:30:14 > 0:30:19when they have been given secure housing, it is transformational. It
0:30:19 > 0:30:26is quite humbling to find it. Where we build the housing is crucial.
0:30:26 > 0:30:32There are three 100,000 or so houses built per year, mostly across the
0:30:32 > 0:30:36UK, disproportionately, more in London and the south-east than
0:30:36 > 0:30:38elsewhere and about 200,000 households created per year. Some of
0:30:38 > 0:30:45those single person households, some are families. We have to build a lot
0:30:45 > 0:30:49more. I want that building to be done with good quality, with high
0:30:49 > 0:30:56energy efficiency standards and predominantly on Brownfield sites
0:30:56 > 0:31:00and where there is a new development, a substantial new
0:31:00 > 0:31:04development, it should be accompanied, as good planning would
0:31:04 > 0:31:08be, with schools, with health facilities, parks and all the other
0:31:08 > 0:31:15facilities, so you build a community.
0:32:47 > 0:32:49Subtitles will resume shortly.