Rachel Reeves was given the chance to follow in chancellor footsteps and outline her economic plans. But we're left wondering if there are any sizeable Labour policies after a speech that was deceptively similar to one that Rishi Sunak gave two years ago.
The Mais lecture has become a kind of rite of passage for all aspirant chancellors. This annual speech, held at the Bayes Business School in the City of London, was where Nigel Lawson laid out his thinking about reforming the economy in the 1980s. It was where George Osborne provided his plan for his first 50 days in office, where Gordon Brown explained the economics behind his policies. It is, in short, a very big deal.
Indeed, Ms Reeves has just recently cancelled her plan to increase annual government green investment to £28bn a year. Perhaps the simplest accusation one can direct at Ms Reeves is that her plan sounds deceptively similar to the ones proposed by the current government.
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