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Allegra Stratton: After Early U-turns, Expect More Starmer Drama

Allegra Stratton: After Early U-turns, Expect More Starmer Drama

Bloomberg5 hours ago

Well, well, well: it's now fairly certain we will be seeing more taxes come autumn as the government had to backtrack on its welfare reforms last night.
Mea culpa – I thought that the bond markets would rough up the Labour leadership for any dilution of their welfare package, which coming after the winter fuel U-turn suggests the government lacks the political will to control spending. Well, the new package came last night and looks, according to analysts quoted by Ailbhe Rea and Alex Wickham, to cost £3 billion.

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