Labour U-Turns Costed: Reeves Faces New £35 Billion Black Hole

There is almost no detail on Labour’s upcoming spending U-turns. Chaotic briefing sessions after the winter fuel U-turn at PMQs and yesterday’s two-child benefit cap signalling have left hacks exasperated. The costs will make Treasury officials and taxpayers more so…

Analysis commissioned by the Institute of Economic Affairs and given to Guido shows Reeves is facing the possibility of a reverse black hole larger than her original ‘£22 billion’ gap. […] Read the rest