Clive Lewis MP hits the nail on the head:
'The economic orthodoxy the chancellor is embracing has been tried before. Joe Biden’s Democrats achieved GDP growth but still struggled against Trump’s populism. Why? Because growth, when concentrated in the hands of the few, does not translate into security or prosperity for the many. Starmer understood this implicitly when he stated back in 2022 that trickle-down economics “is a piss take”!'
https://www.theguardian.com/commentisfree/2025/jan/31/labour-mp-government-growth-heathrow-party
h/t @Simon318ppm