Reeves will deliver her Spring Statement at around 12:30 p.m. The Treasury spent months planning for it to be policy and news-free in general. Man plans, God laughs…
Events have led to some highly unwelcome economic statistics:
The market is now pricing in only one quarter-point interest rate cut by the end of the year. The chances of a cut this month were slashed from 90% on Friday to 30%. Reeves likes to point to rate cuts as evidence that her economic programme is working. The genie is not with Labour…
Lucy Powell on LBC, asked by Tom Swarbrick for her reaction to Labour MP Samantha Niblett’s call for a ‘summer of sex’ debate in Parliament: “I personally don’t own any sex toys, but each to their own… I’m not really sure that’s the right place for it, no.”