Here's why Rachel Reeves is not going to succeed in her plan for growth - she can't; not the way she's claiming. Why do it, then?

Here’s why Rachel Reeves is not going to succeed

It’s easy to sling random attacks at politicians – but here’s why Rachel Reeves is not going to succeed, courtesy of Another Angry Voice.

Writer Thomas G Clark says her insistence that economic growth will deliver prosperity for all of us is nonsense because it relies on trickle-down economics, which even her boss Keir Starmer once described as a “piss take”.

What’s worse, he says, is that the way she is trying to achieve it is tantamount to swimming the Atlantic Ocean after strapping lead weights to her arms and legs, insisting that they will help her.

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He points out that ideologically-driven austerity cuts to public services and infrastructure investment cannot deliver growth or prosperity – but she is delivering another round of austerity in a hopeless bid to balance the books.

You can’t deliver prosperity for all by “mugging pensioners, maintaining Tory sanctions on families, and impoverishing disabled people, he adds; it takes money out of the economy that would have been spent straight back into it “because the poor spend what they have, and don’t squirrel away cash in tax havens”.

He says it is impossible to improve living standards without stopping the mega-rich from hoarding wealth, but Reeves has ruled out raising taxes on the rich (for no good reason), and will not remove profiteers from the UK’s essential infrastructure and public services, meaning they will only accumulate more.

Perhaps most interesting are his words on housing. He says systemic reforms are needed to drive down housing costs but all Labour has done is offer inadequate house-building targets (to which I would add that they are probably in the wrong places) along with planning reforms designed to make it much easier for developers to make profits.

Read his analysis here: Rachel Reeves is sinking like a stone – and if you agree with it, sign up to read more.

But here’s the big question: if we can see that Reeves’s plan is wrong, then she can as well.

Why is she persisting in following it, then? Or is it maybe not her plan at all?


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