Hardworking families will pay for Labour’s Benefits Budget |
Rachel Reeves has broken every single one of her promises in this year’s Budget, and it’s hardworking families who will pay, writes Mel Stride
Rachel Reeves had a simple choice today: change course or double down on failure. She chose failure. Again.
After a year of the self-appointed “iron chancellor”, the economic record is unmistakable. Taxes up. Borrowing up. Inflation up. Growth downgraded. Business confidence drained away. That is Labour’s record – and they’ve just repeated all of the same mistakes again.
Reeves used her first Budget last year to unleash the biggest tax-and-spend splurge in recent memory, increasing taxes by £40bn, borrowing by £30bn and spending by £70bn. She promised she would not be back for more. She promised she had “wiped the slate clean” and it was now on her. She promised she wouldn’t freeze tax thresholds because it would “hurt working people” and break Labour’s........