Labour No Longer Concerned That Spending Will Cause ‘Run on the Pound’ in Raft of U-Turns

The government is putting itself in an increasingly financially difficult position with a slew of economic U-turns. In September Commons Leader Lucy Powell explained the decision to cut winter fuel:

“If we hadn’t taken that action we’d have seen a run on the pound, the economy crashing and the people who pay the heaviest price for that are the poorest, including pensioners and those on fixed incomes.”