Tag: Rachel Reeves

False economies on spending could be just as damaging as tax hikes

So far, the speculation ahead of the Budget on 30 October has focused on the scramble to find tax increases that might not breach Labour’s manifesto commitments, while still having some chance of actually raising some money. This is clearly not going well. Rachel Reeves may end up as the only economist in the country … Continue reading False economies on spending could be just as damaging as tax hikes →

Labour’s first 100 days – the economy

In response to overwhelming public demand (not really!) here is my take on the impact that the incoming Labour government has had on the UK economy. Clearly, it’s early days and there is still all to play for, but the initial signs are not encouraging. The obvious place to start is the health of the … Continue reading Labour’s first 100 days – the economy →

Labour’s plans for pensioners don’t go far enough

The Labour Government’s determination to restrict eligibility for Winter Fuel Payments is the sort of decision that the fictional Sir Humphrey Appleby would describe as ‘courageous’. The House of Commons’ motion calling on the Government to delay the implementation of this change has no real chance of passing. But why on earth are Keir Starmer … Continue reading Labour’s plans for pensioners don’t go far enough →

Labour’s policies risk snuffing out the recovery

Let us start with the good news. The UK economy is set to beat expectations this year and outperform the euro area, boosting the appeal of UK assets to overseas investors. UK GDP grew by a solid 0.7 percent in the first quarter, and this rate is likely to be matched in the second. Even … Continue reading Labour’s policies risk snuffing out the recovery →