"On the day it was popular with Labour MPs and with the bond markets, two important audiences for the Treasury. But the public at large believe it was unfair, and it has result in Reeves's approval ratings with voters, which were already very low, sinking further. And that was before a huge row erupted over whether or not Reeves misled voters about the extent of the black hole in the national finances."
"Referring to the need to stop young people getting trapped on sickness or disability benefits, he will say: We have to confront the reality that our welfare state is trapping people, not just in poverty, but out of work. Young people especi"
A long-standing Westminster theory about budgets suggests those applauded on the day often go wrong later, while initially criticised budgets can prove sound. Rachel Reeves's budget received mixed reception: popular with Labour MPs and bond markets, yet widely seen as unfair by the public, further lowering already weak approval ratings. A row over whether Reeves misled voters about the size of the national finances' black hole has intensified scrutiny. Keir Starmer must defend the budget and address Tory claims that Reeves should be sacked for lying, while recalibrating messages on growth and welfare reform.
Read at www.theguardian.com
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