Backing bankers’ bonuses exposes Labour’s real priorities
LAST October shadow chancellor Rachel Reeves said that the Tories’ decision to lift the cap on bankers’ bonuses in the midst of a cost-of-living crisis “told us everything we need to know about this government.”
She was right. Likewise, her announcement that in government she will not reimpose the cap tells us all we need to know about the Labour Party today.
The speed of the U-turn is startling even by the standards of Keir Starmer’s leadership, which has already left the voting public utterly uncertain as to what, if anything, the party stands for any more.
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We are lurching backwards politically now that both major parties are united in servicing the City before all else, writes BERNIE EVANS
