Shadow chancellor to say Hunt’s and Sunak’s message of ‘the plan is working’, does not reflect economic reality
Good morning. Whenever Rishi Sunak or any other minister speaks in public and tries to explain why the Conservative government deserves to be re-elected, their main argument is to insist that “the plan is working”. In a speech this morning, Rachel Reeves, the shadow chancellor, will confront that claim head on.
As Pippa Crerar reports in her preview story, Reeves will say that Tory claims that the economy is reviving are “deluded and completely out of touch”.
By the time of the next election, we can, and should, expect interest rates to be cut, Britain to be out of recession and inflation to have returned to the Bank of England’s target.
Indeed, these things could happen this month.
Continue reading…Shadow chancellor to say Hunt’s and Sunak’s message of ‘the plan is working’, does not reflect economic realityGood morning. Whenever Rishi Sunak or any other minister speaks in public and tries to explain why the Conservative government deserves to be re-elected, their main argument is to insist that “the plan is working”. In a speech this morning, Rachel Reeves, the shadow chancellor, will confront that claim head on.As Pippa Crerar reports in her preview story, Reeves will say that Tory claims that the economy is reviving are “deluded and completely out of touch”.By the time of the next election, we can, and should, expect interest rates to be cut, Britain to be out of recession and inflation to have returned to the Bank of England’s target.Indeed, these things could happen this month. Continue reading…
