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.
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.
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 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.
A Conservative shadow minister warned the UK could "fall further behind" on growth targets following the Chancellor's "desperate" attempts to save the economy.
Chancellor warns MPs not to ‘put their own interests above those of the country’ as she aims to kick-start the economy
Rachel Reeves would be “foolish” to put growth before net zero and approve expansion at Britain’s major airports, a major Labour donor has warned. Dale Vince, the eco-tycoon who has given £5m to the party, said it would be a mistake for the Chancellor to back a third runway at Heathrow and similar extensions at Gatwick and Luton.
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
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.
But Reeves’s speech on growth has a contradiction at its heart. Her decisions at the Budget, including a £25bn national insurance raid on employers, are forecast to lead to lower growth over the next five years.