The Chancellor’s speech yesterday was overshadowed by one she hasn’t yet delivered; that’ll be the Budget, on 26 November. The whole country knows that the November Budget is going to be painful, one way or another, and its inevitable constraints (in fact, just the timing of it) meant that Reeves wasn’t able to say much at the Labour party conference in Liverpool.

Still, that didn’t stop her trying. There was a lot of rhetoric about Labour’s values and several nods to the fact that the Budget will be tough. There was talk of “tough choices........

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