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Reeves's fiscal promises entrench the unaccountable power of the banks
Labour leader Sir Keir Starmer and shadow chancellor Rachel Reeves during a visit to the London Stock Exchange Group, to outline Labour's plans to bring growth and stability back to Britain's economy. Picture date: Friday September 22, 2023.
LABOUR is using this weekend’s anniversary of Liz Truss’s disastrous mini-Budget to declare itself the champion of fiscal orthodoxy.
Truss’s brief spell at No 10, in which she announced sweeping unfunded tax cuts, spooked the markets and led to a sharp rise in debt.
It’s a factor in the rising cost of borrowing which has put hundreds of pounds a month on household mortgages. Labour can use it to portray the Tories as chaotic and inept.
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