Meaning of securonomics | Babel Free

Definitions

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.

UK, uncountable

Examples

“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.”

“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.”

“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.”

CEFR level