Peckham/Nunhead Crossroad - what is happening?
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The minimum wage hikes on top of the NICs increases have also caused vast swathes of unemployment. -
Exactly - a snap election will make things even worse. Jazzer - say you get a 'new' administration tomorrow, you're still left with the same treasury, the same civil servants, the same OBR, the same think-tanks and advisors (many labour advisors are cross-party, Gauke for eg). The options are the same, no matter who's in power. Labour hasn't even changed the Tories' fiscal rules - the parties are virtually economically aligned these days. But Reeves made a mistake in trying too hard, too early to make some seismic changes in her first budget as a big 'we're here and we're going to fix this mess, Labour to the rescue' kind of thing . They shone such a big light on the black hole that their only option was to try to fix it overnight. It was a comms clusterfuck. They'd perhaps have done better sticking to Sunak's quiet, cautious approach, but they knew the gullible public was expecting an 24-hour turnaround miracle. The NIC hikes are a disaster, I think they'll be reversed soon and enough and they'll keep trying till they find something that sticks. -
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It took the Tories 14 years to dig that 20bn blackhole. It's taken Labour 14 months to double it. You cant get rid of Reeves though because the next person will actually be totally incompetent. There are no MPs in Labour capable of performing better than the current shower.
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