The Blame Game
There's a huge amount in the media about Rachel Reeves and her upcoming Budget or more accurately how she can frame any Budget in the current economic, fiscal, and political environment. How can a party with a massive Parliamentary majority be so hemmed in. "Events dear boy" to quote MacMillian. Much of this is Labour's own disastrous policy decisions. A lot is due to Labour's initial message to the British people which was things are not good, and it'll take time to sort things out. Did they sort things out? With a significant fiscal deficit - they scrapped the Winter Bonus for pension - not huge savings - but massive political damage. Benefit reform - rationalise, cut the ballooning benefits bill - introduced and withdrawn because of Labour Party MP's worries. By promising the Earth - no tax increases on working people - they weighed tax increases on working people, by increasing employer NI contribution. The effect has been not good. People aren...
