Labour’s Low‑Down on the Road to Government
Shadow Chancellor Rachel Reeves has warned that a Labour win on 4 July means hard choices ahead. She paints the picture of Labour…and a Conservative‑led economy that’s in a bit of a financial tangle.
Reeves’ Take on the Tory Legacy
- “The past 14 years of Tory rule have left our finances in an absolute mess.”
- “I won’t make promises I can’t keep – nobody deserves that.”
- “If we had averaged the growth of comparable OECD economies, we’d be £150 billion richer.”
Growth, Not Austerity
Labour’s strategy is simple: grow the economy. This means:
- No return to austerity.
- More growth = more money for public services.
- Potential £55 billion a year boost in public spending.
IFS Says It’s “Stark” Choice
Researchers at the Institute for Fiscal Studies warn that whatever party wins, voters face a yiny‑yang decision:
raise taxes or borrow more. The statement from IFS director Paul Johnson:
“Both Labour and the Conservatives have a ‘conspiracy of silence’ over tax and spending plans. By polling day, people will have a knowledge vacuum.”
Reeves in Scotland: Growth‑Centric Manifesto
On the campaign trail, Reeves told a Scottish audience: “Labour’s manifesto is all about growth. That’s how we’ll fund public services and lift living standards.”
— End of the message.
