Downing Street has insisted that Reeves’ ‘tax-rises-are-coming’ speech ten days ago still stands after U-turning on income tax rises. At the Lobby briefing of political journalists, Starmer’s spokesman said:
“She was very clear about the challenges the country faces and her priorities in addressing those challenges. All of that still stands.”
Meanwhile 10-year gilt yields surpassed this morning’s peak of 4.556% to 4.559% at noon. Prepare for a painful ‘smorgasbord’ of tax hikes this winter…
Wes Streeting commented on his leadership ambitions after being played a 2018 clip of himself saying the Prime Minister in ten years “will probably be me”. He told LBC:
“I’m very happy doing the job that I’m doing, to be honest. It will be my sense of humour that will ultimately do for me one day. But if you don’t back yourself, who will? That’s my advice to the kids in my constituency.”