securonomics

English

Etymology

From secure +‎ -o- +‎ -nomics, coined by British politician Rachel Reeves in 2023.

Noun

securonomics (uncountable)

  1. (UK politics, economics) A modern form of supply-side economics inspired by US president Joe Biden's economic policy, particularly his Inflation Reduction Act, and based on the belief that globalisation has failed to achieve its stated aims.
    • 2023 May 24, “Reeves makes case for UK version of ‘Bidenomics’”, in Financial Times, page 1:
      She [Rachel Reeves] told the FT her ‘securonomics’ had to be based on ‘the rock of fiscal responsibility’ and that Britain was at risk of being ‘sidelined’ unless it accepted that the rules of the global economy had changed.
    • 2023 July 7-13, Andrew Marr, “Politics: In an era of political fatalism, Labour must use its education plan to inspire hope”, in New Statesman, volume 152, page 14:
      It’s to be funded by taxing private schools, although whether Reeves’s “securonomics” has the capacity to respond to what teachers want more broadly, is another matter.
    • 2024 September 26, “Why £500m for Port Talbot is not enough to secure steel industry”, in Western Mail, Cardiff, page 23:
      Done without careful planning, it could increase reliance on imported virgin steel and recycled scrap metal. It will also test the government’s commitment to “securonomics” which involves safeguarding the supply of key goods and services to the UK.

See also

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