Reeves’s dilemma: break your tax pledges or cast Labour adrift from its principles | Heather Stewart
After the welfare cuts backlash the chancellor is being warned about how she wields the scalpel in her spring statement
The ferocious backlash against the £5bn in welfare cuts crafted to balance the books in this Wednesday’s spring statement highlighted an increasingly glaring conflict, between Labour’s pre-election tax pledges and the party’s wider purpose.
Since Rachel Reeves promised last autumn to deliver a single, annual budget, she has been confronted with rising debt interest costs, weaker-than-expected economic growth, and the near-collapse of the transatlantic alliance. “The world has changed,” as every Treasury press release now has it. Continue reading...
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