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David Blunkett: the world has changed since Liz Truss’s mini budget, so what is Labour still so scared of?

Summary by The Conversation
Much has been said about UK chancellor Rachel Reeves’ self-imposed fiscal rules, and her repeated assertion – which she included in the spring statement – that they are “non-negotiable”. Of course, this is true if you’re not prepared to listen to alternatives, but in the real world there is no set economic template with which people cannot argue. Put simply, the chancellor’s rules demand that day-to-day expenditure should be covered by governmen…

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The ConversationThe Conversation
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David Blunkett: the world has changed since Liz Truss’s mini budget, so what is Labour still so scared of?

Much has been said about UK chancellor Rachel Reeves’ self-imposed fiscal rules, and her repeated assertion – which she included in the spring statement – that they are “non-negotiable”. Of course, this is true if you’re not prepared to listen to alternatives, but in the real world there is no set economic template with which people cannot argue. Put simply, the chancellor’s rules demand that day-to-day expenditure should be covered by governmen…

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iNewsiNews
Lean Left

All the taxes that could go up after the Spring Statement - and the risks, rated

Rachel Reeves did not raise taxes at the Spring Statement, but there is widespread speculation that she will have to hike several in the autumn Budget.The Chancellor was forced to cut spending at Wednesday’s statement to try and get herself back on track for meeting her self-imposed fiscal rules.Reeves left herself with £9.9bn “headroom” – spare cash the Government has to deal with unexpected developments – against her rules last autumn.On Wedne…

·London, United Kingdom
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iNews broke the news in London, United Kingdom on Thursday, March 27, 2025.
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Similar News Topics

Rachel Reeves

Rachel Reeves

Liz Truss

Liz Truss

Taxes

Taxes

United Kingdom

United Kingdom

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