If you thought Rachel Reeves wa bad, wait until next week
Kemi Badenoch will accuse Labour of relying on “fictional” spending cuts to plug the UK’s crippling financial deficit. The Conservative Leader will warn that John Healey’s debut Budget next week risks doing more damage to the country than Rachel Reeves’ two previous £70 billion tax bombshells.
TL;DR
- Kemi Badenoch accuses Labour of using "fictional" spending cuts to mask the UK's deficit.
- She claims Labour's upcoming budget could be more damaging than previous tax increases.
- Britain's 30-year gilt yields have surged above 6%, the highest since 1998.
- The UK pays more to borrow than Greece, Spain, or Germany.
- Independent experts have called Labour's deficit reduction projections a "work of fiction," with a £35 billion black hole.
- Badenoch states Conservatives have identified £70 billion in concrete savings.
- Labour claims to have secured £500 billion in private investment and that the economy is growing.
- Labour criticizes the Conservatives for the "economy-crashing mini-Budget" and the "mess" they left behind.