Reeves has this week hired two new researchers to her Council of Economic Advisers “to advise on a range of issues in support of the government’s growth mission and delivering the Plan for Change.” Can you guess what’s coming next…
David Sturrock, associate director at the Institute for Fiscal Studies, and Emily Fry of the Resolution Foundation have joined the advisory panel with a month to go until Reeves presents her budget. They have in the last two years proposed between them a toxic cockatil of tax increases:
Fry:
Sturrock:
The Treasury’s press release praises the “extensive expertise” of Reeves’ new idea people. Gulp…
Speaking to Sky News off the back of Rachel Reeves’ Air Passenger Duty hike, Ryanair chief executive Michael O’Leary said:
“Labour is dependent on those Red Wall seats, and yet every move she makes poisons economic growth and damages the UK’s recovery… it’s the Chancellor who stumbles from policy misstep to policy misstep… I think her policy decisions are incredibly stupid.”