Starmer and Reeves promised honesty about public finances. Can they stay the course?

Labour is being pulled one way by a desire to cut debt and the other by slumping poll ratings. With growth nowhere to be seen, tax rises loomDuring the first televised debate in the run-up to last summer’s general election, Keir Starmer used a phrase that received enthusiastic – and unanticipated – applause from the Salford audience.“I don’t pretend there’s a magic wand that will fix everything overnight,” he told them. Labour strategists were surprised by the clapping, and encouraged him to deploy the line again in future. Continue reading...

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