As part of the Legatum Institute's Business Forum, Seema Malhotra, Shadow Chief Secretary for the Treasury and MP for Feltham and Heston, discussed the idea of shared prosperity with broader, inclusive economic goals, as opposed to short term economic policy-making.
For Malhotra, work is the ladder that leads to personal prosperity, a bridge between social and economic flourishing. But with people changing jobs on average seven times during their working life, how can we offer a stable environment for people’s personal development? Community and family values play a major role as does creating a savings culture including access to sound financial advice.
Malhotra emphasised that there is an alternative to the smaller state philosophy, focusing on a strategic state partnership delivering effectively for the benefit of everyone.
The discussion was moderated by Sian Hansen, Executive Director at the Legatum Institute.