Reeves’s dilemma: break your tax pledges or cast Labour adrift from its principles | Heather Stewart
After the welfare cuts backlash the chancellor is being warned about how she wields the scalpel in her spring statement The ferocious backlash against the £5bn in welfare cuts crafted to balance the books in this Wednesday’s spring statement highlighted an increasingly glaring conflict, between Labour’s pre-election tax pledges and the party’s wider purpose.Since Rachel Reeves promised last autumn to deliver a single, annual budget, she has been confronted with rising debt interest costs, weaker-than-expected economic growth, and the near-collapse of the transatlantic alliance. “The world has changed,” as every Treasury press release now has it. Continue reading...
After the welfare cuts backlash the chancellor is being warned about how she wields the scalpel in her spring statement
The ferocious backlash against the £5bn in welfare cuts crafted to balance the books in this Wednesday’s spring statement highlighted an increasingly glaring conflict, between Labour’s pre-election tax pledges and the party’s wider purpose.
Since Rachel Reeves promised last autumn to deliver a single, annual budget, she has been confronted with rising debt interest costs, weaker-than-expected economic growth, and the near-collapse of the transatlantic alliance. “The world has changed,” as every Treasury press release now has it. Continue reading...
