Double-bubble: Rachel Reeves' regurgitating of Boris Johnson ’s old manifesto, sorry I mean Rachel Reeves' unveiling of Labour’s pioneering new plan for growth, then Keir Starmer at Prime Minister's Questions.
It's like complaining that PM Keir Starmer hasn't grabbed enough freebies, or that Energy Secretary Ed Miliband has too much common sense. But that’s how they think, on the left of the party. Their biggest beef about Labour is that Rachel Reeves is too soft. She needs to tax more – and spend more of course.
As the Chancellor announces a raft of policies to boost economic growth, PA news agency explains what that means in real terms.
Jonathan Reynolds, Labour’s business secretary, told the Financial Times, “We have to respond to the agenda the US president has just set out with our own dynamism… Every country has to do it.”
A Conservative shadow minister warned the UK could "fall further behind" on growth targets following the Chancellor's "desperate" attempts to save the economy.
The Labour Party Chancellor and MP was speaking out on Wednesday as she delivered a landmark speech on growth on January 29.
A major speech Wednesday promises a host of pro-growth policies to turn the UK economy around. But the hurdles in the chancellor’s way are huge.
Labour’s ambitions for a more pro-growth, pro-business agenda mark a positive shift, at least in tone. But actual, visible, tangible growth depends on execution. This in turn depends on private sector money, overcoming bureaucratic hurdles, and cutting the Brexit red-tape that continues to hamper trade with the EU.
The Chancellor has faced questions about her plans since the start of the year, amid stuttering growth figures and rising borrowing costs
In the words of the ever-quotable Winston Churchill, “for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle”. Lower tax economies can be more dynamic,
British finance minister Rachel Reeves will say on Wednesday that she is ready for a fight to push forward her plans to speed up the country's slow-moving economy that have grown in urgency after this month's bond market slump.