Rachel Reeves' promise to be honest is a risky move
Monday's plan seems to be part of a process leading to tax rises in the Autumn Budget.
www.bbc.co.uk
Rachel Reeves will give a statement to Parliament on Monday promising “honesty” about the scale of the financial challenge faced by the new Labour government.
The audit of public spending she ordered when she became chancellor is an unusual exercise that has not occurred before.
It is not about new policy or a fresh borrowing forecast.
In a nut shell, as always, Lefties and Labour have Utopian thoughts on grand expensive schemes, Their economics skills are poor to non-existent. With what's been going on with costs of the financial collapse way back when and the likes of the covid pandemic, you just can't be expected to spend. It just doesn't work. If anyone thinks national debt and taxes are high, just watch the shit show, you've seen nothing yet.
