Prime minister to give speech after report that some ministers are unhappy over handling of the budget
Here are two of the most level-headed members of the Westminster commentariat making the point that the Rachel Reeves feeding frenzy (see 9.53am) is getting a bit out of hand.
This is from Heather Stewart, the Guardian’s economics editor (and former political editor) on Bluesky.
This story is starting to make me feel I’m going slightly mad – maybe RR overdid the gloom, but the tax rises are paying for a) the welfare U-turns b) the £10bn-plus increase in headroom c) scrapping the two child limit d) bits of other spending eg higher local gov costs ♀️
It was the most botched budget briefing since Truss… but this is increasingly wild. It is not an unsubstantiated “claim” that the OBR priced the productivity downgrade at £16bn in foregone revenue!
