With sterling in crisis, Rachel Reeves’s fiscal prudence is becoming Labour's strongest card 🔵 paulwaugh for ipaperviews
And as the polls continue to point to a Labour government, the party’s conference has quite a bit of cash flowing into it.sold outBusiness cash is certainly piling into green technology and Reeves managed to put flesh on the bones of her big pivot towards a green economy, stressing the real-world impact of her £28bn investment plan on “secure, skilled jobs for plumbers, electricians and joiners”.
Although she was once ridiculed as “boring snoring”, Reeves was leveraging something more fundamental. What she outlined was a return to Gordon Brown’s prudence with a purpose, using fiscal responsibility not as an end in itself but in order to allow sustainable investment in public services and jobs.
During Boris Johnson’s long implosion, there was a perception that Labour has was too timid and that it followed Napoleon’s mantra to never interrupt an enemy when he is making a mistake. But modern politics is often about pouring salt onto your opponents’ self-inflicted wounds, and Reeves had no qualms about kicking them when they’re down.
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