There’s no money left. That’s according to Labour front-bencher Lucy Powell. Because of the disastrous economic conditions the UK is facing, Keir Starmer’s Labour Party is changing the mood music and becoming more reluctant to splash the cash if he becomes prime minister.
Recent weeks have seen the party row back on its green investment plans because the Conservatives have “crashed the economy”, in the words of shadow chancellor Rachel Reeves, and controversially commit to keeping the two-child benefit cap. In a bid to project fiscal credibility, Starmer will follow the current government’s fiscal rules if he gets to Downing Street. No money for public services. Talk of balancing the books. A grim set of policy choices. It’s starting to feel a lot like 2010. The language also echoes Labour treasury
