What are Labour’s options with the Economy?

Obviously Labour have been warning that stuff is going to stay pretty bad if not get worse for a bit and all the discourse I’ve seen about this is basically ‘I can’t believe Labour are doing this’ / ‘Labour won’t last long if stuff doesn’t get better quicker’ / ‘This is just Red Tories’ etc.

Basically everybody keeps saying Labour can’t do this, Labour shouldn’t do that, but I’ve not really seen any credible alternatives as to what they SHOULD be doing.

It’s quite clear the government doesn’t generate enough money to keep up with the demands of UK’s society, and those demands will keep increasing. The government has been running a deficit since pretty much the start of the Millennium, with the government debt standing at over 100% of GDP and is likely to only keep increasing short term, while debt repayments account for about 7% of all government funding.

Removing the triple lock would be political suicide (and would be put in place again almost instantly by whoever replaces labour). Cutting taxes (or raising tax thresholds) would just increase the deficit. Raising upper limit taxes would be pretty unpopular (with the whole ‘you’re punishing people for being successful’) without the guarantee it would actually generate much. Raising business rates could make a post brexit UK even more unfriendly on the international stage.

I’m not saying Labour should have a free pass or anything, I just genuinely don’t know what options they really have that would make a direct effect without being too unpopular as to harm their chances of staying in power long term (and having any changes they make be undone).