Labour conference: Reeves challenged over consumer ‘fear and foreboding’ Politics Rachel Reeves has been challenged over claims the government has “generated a fear and foreboding” among consumers – but insisted she was “optimistic” about the economy. Ahead of her keynote speech to the Labour Party conference in Liverpool today, the Chancellor was challenged on Sky News over last week’s fall in consumer confidence to the [...]
OBR warns national debt is on ‘unsustainable path’ unless government takes action Economics The OBR forecast that government spending would rise to 60 per cent of GDP, from 45 per cent at the moment, whereas revenue will remain flat.
True state of the public finances continues to divide opinion Economics The true state of Labour’s fiscal inheritance continues to divide opinion. Over the first few weeks in office, the new government has been painting a very gloomy picture of the state of the public finances. The doom-mongering reached new heights last week after Sir Keir Starmer argued the state of the public finances were “worse [...]