Sometimes it is hard to know exactly where Rachel Reeves, the Leeds West MP and Shadow Chancellor, stands on the economy.
This week she dampened expectations of what a future Labour government can achieve when she said they wouldn’t be able turn things around “straight away” after what looks likely to be victory in the coming General Election in the second half of this year.
So everyone from Rachel Reeves, to Jeremy Hunt, and Liz Truss, all agree that growth is a good thing. The difficult thing is to work out how to get there, and Labour is unlikely to provide that level of detail before the General Election. But Ms Reeves has clearly been studying Thatcher’s time in government, and she should learn the lesson that one of the most powerful tools the state has to promote growth is tax cuts.
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