Starmer at the G7:
“Very many times on my political journey, people have said to me, ‘It’s not possible’. They said it’s not possible to turn the Labour Party around. It’s not possible to win an election. It’s not possible, if you do win an election, to invest in your public services and stabilise the economy. Wrong every time.”
Inflation is up, the economy contracted in April, youth unemployment is through the roof, and the welfare budget is a farce. That’s a stable economy apparently. He also claimed the UK will play its “full part” in getting the Strait of Hormuz open. With what navy?
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”