The Shadow Chancellor Mel Stride has been asked if Rachel Reeves is better than Kwasi Kwarteng who was Liz Truss’ Chancellor and was criticised for his 2022 mini-Budget.
|
<!–
–> |
Stride told GB News that Reeves “has been a disaster” as the Chancellor and he was asked by Camilla Tominey if Reeves is a better Chancellor than Kwarteng.
Stride told the GB New presenter that “I’m not going to get drawn into that.”
The Shadow Chancellor added, “I think Rachel Reeves has been a disaster as Chancellor.
Stride was asked again, “Well, was she better than Kwasi Kwarteng?” he refused to get drawn into answering the question.
He said, “As I’ve said, Rachel Reeves and the Labour Party have been disastrous for our country.”
Stride told Tominey, “I gave a speech last week in which I said that there were mistakes made at the back end of October, in 2022.
“That mini budget led to problems in the bond markets and so on.”
He added, “That’s not the same thing as saying that we don’t want a lower tax economy or a smaller state.”
He said it is important to have the confidence of the market, “We have to do it in a way which the markets have confidence in the actions that we’re taking.
He slammed Labour’s economic policies, he said, “They’ve done the opposite of what we will ultimately be offering to the British people.
“They’re putting taxes up left, right and centre, particularly on our businesses, which has killed growth.”
Speaking about Labour’s borrowing he told GB News, “They’ve borrowed vast amounts of money, which has stoked inflation. That’s kept interest rates higher.
Get real time update about this post category directly on your device, subscribe now.
