Rachel Reeves has refused to rule out further tax rises in later budgets. If she keeps to her rule of one fiscal event per year, we’ve got four more of these until the next election…
The IFS strongly predicts that departments will exceed the spending forecasts laid out in the budget. Reeves will have to get more money from somewhere – the first ideas she’s likely to draw on are her own. The Chancellor’s major report, called “The Everyday Economy,” was published only six years ago, after she had held several Shadow Cabinet positions. Two years later she would be ensconced in Starmer’s Shadow Cabinet. It outlines in detail her blueprint for the economy…
With four more Halloween budgets to come, here are some of the spookiest headline measures that Reeves recommended:
Ask Labour and they’ll probably say: “That was ages ago and old ideas of Rachel’s.” Not true – she explicitly referenced the report multiple times in her “landmark” Mais Lecture this year…
Reeves has installed a portrait of her “leading light” – the communist and Soviet asset Ellen Wilkinson – in No 11 before hiking taxes by £40 billion. Safe to say she’s already spelled out her strategy for subsequent spooky budgets. Something wicked this way comes…
Sarah Pochin at Reform Scotland’s manifesto launch event: “I really wanted to come on in a Reform tartan burka, but apparently I wasn’t allowed… One day let’s do one of these events not live-streamed. We’ll do all the naughty stuff…”