Opposition and think-tank reactions to the Chancellor’s Spring Statement
Be honest—this is ridiculous.
The Chancellor Rachel Reeves has delivered her Spring Statement. Here are a selection of responses from the Opposition and Think Tanks
Britain’s unemployment rate is forecast to climb to its highest level since the pandemic, according to the OBR, the budget watchdog, with their growth forecast cut for the coming year to just 1.1 per cent.
Shadow Chancellor Mel Stride attacked Reeves over her Spring Statement, warning that there is “no growth strategy at all”.
“Is that it? … What utter complacency. A Chancellor in denial. She speaks of stability. What planet is the Right Honourable lady on?… The Chancellor has the temerity to suggest that she is creating the conditions for renewed growth. She is rather like the dodgy estate agent standing in the crumbling building with the roof one, the windows gone, with the floor gone, and saying ‘just think of the potential’. But that potential has been undermined by the terrible state of our public finances.”
Shadow business secretary Andrew Griffith says:
“More gaslighting than Victorian London! The Chancellor is living in a fantasy world where unemployment isn’t rising and growth isn’t being downgraded.”
Joanna Marchong, head of communications and external affairs of the Adam Smith Institute, said:
“The Chancellor has convinced herself of economic stability based on deeply outdated forecasts. It is a Statement written by spin doctors, not economists. After last year’s Autumn Budget, Reeves needed to show that those sacrifices were not in vain and deliver growth. OBR forecasts, even though they don’t reflect current shocks, appear to show her rules are just about intact, but growth is lacklustre and the UK is far from credible. Markets are wobbling, and while the Spring Statement coincides with the unpredictable nature of war in the Middle East, this makes it even more vital that Reeves reforms the very anti-growth, anti-business measures she has introduced.”
Iain Mansfield, Director of Research at Policy Exchange, writes:
“Nothing in the Spring Statement alters the fact that Britain’s economy is in no state to weather another crisis. With growth downgraded, debt at around 95% of GDP and almost a million young people not in work or education, a prolonged spike in energy costs could push Britain to the brink. In a series of papers, Policy Exchange has set out practical measures to cut welfare, reform public sector pensions and eliminate wasteful spending across public services. Rather than continuing to grow the numbers – and wages – of those in the public sector, the Chancellor must end the self-inflicted wounds that are holding back the British economy: repealing the new Employment Rights Act, restarting drilling in the North Sea to reduce our dependence on imported oil and gas, and reversing the …
Be honest—this is ridiculous.
The Chancellor Rachel Reeves has delivered her Spring Statement. Here are a selection of responses from the Opposition and Think Tanks
Britain’s unemployment rate is forecast to climb to its highest level since the pandemic, according to the OBR, the budget watchdog, with their growth forecast cut for the coming year to just 1.1 per cent.
Shadow Chancellor Mel Stride attacked Reeves over her Spring Statement, warning that there is “no growth strategy at all”.
“Is that it? … What utter complacency. A Chancellor in denial. She speaks of stability. What planet is the Right Honourable lady on?… The Chancellor has the temerity to suggest that she is creating the conditions for renewed growth. She is rather like the dodgy estate agent standing in the crumbling building with the roof one, the windows gone, with the floor gone, and saying ‘just think of the potential’. But that potential has been undermined by the terrible state of our public finances.”
Shadow business secretary Andrew Griffith says:
“More gaslighting than Victorian London! The Chancellor is living in a fantasy world where unemployment isn’t rising and growth isn’t being downgraded.”
Joanna Marchong, head of communications and external affairs of the Adam Smith Institute, said:
“The Chancellor has convinced herself of economic stability based on deeply outdated forecasts. It is a Statement written by spin doctors, not economists. After last year’s Autumn Budget, Reeves needed to show that those sacrifices were not in vain and deliver growth. OBR forecasts, even though they don’t reflect current shocks, appear to show her rules are just about intact, but growth is lacklustre and the UK is far from credible. Markets are wobbling, and while the Spring Statement coincides with the unpredictable nature of war in the Middle East, this makes it even more vital that Reeves reforms the very anti-growth, anti-business measures she has introduced.”
Iain Mansfield, Director of Research at Policy Exchange, writes:
“Nothing in the Spring Statement alters the fact that Britain’s economy is in no state to weather another crisis. With growth downgraded, debt at around 95% of GDP and almost a million young people not in work or education, a prolonged spike in energy costs could push Britain to the brink. In a series of papers, Policy Exchange has set out practical measures to cut welfare, reform public sector pensions and eliminate wasteful spending across public services. Rather than continuing to grow the numbers – and wages – of those in the public sector, the Chancellor must end the self-inflicted wounds that are holding back the British economy: repealing the new Employment Rights Act, restarting drilling in the North Sea to reduce our dependence on imported oil and gas, and reversing the …
Opposition and think-tank reactions to the Chancellor’s Spring Statement
Be honest—this is ridiculous.
The Chancellor Rachel Reeves has delivered her Spring Statement. Here are a selection of responses from the Opposition and Think Tanks
Britain’s unemployment rate is forecast to climb to its highest level since the pandemic, according to the OBR, the budget watchdog, with their growth forecast cut for the coming year to just 1.1 per cent.
Shadow Chancellor Mel Stride attacked Reeves over her Spring Statement, warning that there is “no growth strategy at all”.
“Is that it? … What utter complacency. A Chancellor in denial. She speaks of stability. What planet is the Right Honourable lady on?… The Chancellor has the temerity to suggest that she is creating the conditions for renewed growth. She is rather like the dodgy estate agent standing in the crumbling building with the roof one, the windows gone, with the floor gone, and saying ‘just think of the potential’. But that potential has been undermined by the terrible state of our public finances.”
Shadow business secretary Andrew Griffith says:
“More gaslighting than Victorian London! The Chancellor is living in a fantasy world where unemployment isn’t rising and growth isn’t being downgraded.”
Joanna Marchong, head of communications and external affairs of the Adam Smith Institute, said:
“The Chancellor has convinced herself of economic stability based on deeply outdated forecasts. It is a Statement written by spin doctors, not economists. After last year’s Autumn Budget, Reeves needed to show that those sacrifices were not in vain and deliver growth. OBR forecasts, even though they don’t reflect current shocks, appear to show her rules are just about intact, but growth is lacklustre and the UK is far from credible. Markets are wobbling, and while the Spring Statement coincides with the unpredictable nature of war in the Middle East, this makes it even more vital that Reeves reforms the very anti-growth, anti-business measures she has introduced.”
Iain Mansfield, Director of Research at Policy Exchange, writes:
“Nothing in the Spring Statement alters the fact that Britain’s economy is in no state to weather another crisis. With growth downgraded, debt at around 95% of GDP and almost a million young people not in work or education, a prolonged spike in energy costs could push Britain to the brink. In a series of papers, Policy Exchange has set out practical measures to cut welfare, reform public sector pensions and eliminate wasteful spending across public services. Rather than continuing to grow the numbers – and wages – of those in the public sector, the Chancellor must end the self-inflicted wounds that are holding back the British economy: repealing the new Employment Rights Act, restarting drilling in the North Sea to reduce our dependence on imported oil and gas, and reversing the …
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