Rachel Reeves Tears into Tory Economic Policy

I had this mass email from Reeves ripping apart Queasy Kwarteng’s wretched minibudget. As much as I despise her as a true-blue Blairite, who vowed Labour would be harder on the unemployed than the Tories, she is right. Especially about trickle-down economics. Robin Ramsey, the head honcho of conspiracy site Lobster, has a background in economics. He pointed out that the Thatcherites had cottoned on to the fact that trickle-down economics was rubbish, and so were trying to justify their vile economics policies with arguments about morality. Trickle-down economics was recognised as bunk long ago, so it shows how threadbare Cheeselab Truss’ policies and ideas really are. And as terrible as I find Starmer, I’d far rather have him in No. 10 than Truss or another Tory.

‘David James, last week, the Tory government laid out their budget. 

And with it, they crashed the economy by handing enormous, unfunded tax cuts to those who earn millions and the very richest companies. 

Because of this, working people will be paying higher prices and higher mortgage rates for years to come.   

This isn’t some global issue – it happened as soon as the government stood up last Friday. They’ve damaged the UK’s reputation for good. 

Liz Truss and Kwasi Kwarteng have no one to blame but themselves. This was a crisis created entirely in Downing Street, a direct result of this government’s reckless decisions.

Labour is urging the Prime Minister to bring Parliament back as soon as possible and reverse their disastrous budget.

I have been clear: there should be no return to the failed idea of trickle-down economics – the theory where you make the rich even richer and hope that somehow, some of it trickles down to the rest of us.

Labour knows that growth comes from the talents and efforts of millions of people and thousands of businesses across our country. 

As a government we will make different choices. Just this week, Labour set out our plans to deliver economic growth with our Green Prosperity Plan to guarantee a fairer, greener future for all.

After 12 years of the Tories lurching from one crisis to another, Britain deserves better. 

Labour is ready to deliver it. 

Thank you,

Rachel Reeves,
Shadow Chancellor of the Exchequer’

Advertisement

Tags: , , , , , , , ,

5 Responses to “Rachel Reeves Tears into Tory Economic Policy”

  1. rac31 Says:

    My latest post if you fancy reading. Welcome to follow.

    https://opinionoftheday650548878.wordpress.com/2022/10/02/keir-starmer-and-labour-are-not-perfect-but-the-uk-needs-them-in-power-before-the-country-goes-insane/

  2. rac31 Says:

    Resending to clarify the right link.
    My latest post if you fancy reading. Welcome to follow.

    https://opinionoftheday650548878.wordpress.com/2022/10/02/keir-starmer-and-labour-are-not-perfect-but-the-uk-needs-them-in-power-before-the-country-goes-insane/

  3. Mark Pattie Says:

    I’m sceptical about Ms Reeves (I personally think Annalise Dodd should be given a second go as Shadow CoE (note to any fellow Anglican commenters, I do *not* propose she replace the current Archbishop of York!) as she never stood a chance the first time round- but I will obviously support Ms Reeves at least until Starmer’s next reshuffle. As for the reshuffle, I think Chris Bryant should be Shadow Foreign Sec (his *skewering* of Truss over Saudi was a thing to behold) and Lisa Nandy as Shadow Home Sec. Treble skewering sincerity all round!

  4. trev Says:

    I notice she didn’t comment on the Universal Credit crackdown or the mention of cutting Benefits.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: