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Rachel Reeves holds the key to the billions Britain needs, without breaking any fiscal promises | Polly Toynbee


Labour MP Rachel Reeves has voiced her anger in the Commons at the inheritance left by former chancellor Jeremy Hunt, accusing the Tories of deliberate sabotage and treason against the country. Reeves is determined to find resources to breathe renewal and growth into the national decay caused by the Tories’ destructive policies. She plans to make tough cuts, raise capital gains tax, reform council tax, and charge national insurance on all income, among other measures, to raise money for public services and a fairer economy. The public is ahead of Labour in calling for tax rises, with surveys showing majority support for higher taxes on the wealthiest to invest in public services. The upcoming October budget will define the nature of this government by its early spending priorities, with a focus on paying underfunded public employees, raising benefits, and investing in the NHS and children’s services. Reeves aims to move Britain from austerity to prosperity by plucking excess wealth through tax reforms and investing in Labour’s priorities for growth. The scandalous disarray of the last budget sets a low bar for the government to exceed, but the budget will ultimately reveal the moral nature of Labour’s endeavor. The book The Only Way is Up: How to Take Britain From Austerity to Prosperity by Polly Toynbee and David Walker offers insight into the potential path towards growth and prosperity for Britain.

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