Top economists pile pressure on Keir Starmer to reverse Tory cuts

Top economists have piled pressure on Keir Starmer to break with Tory spending plans amid anxiety over Labour’s policy direction if it wins the next election. In a letter seen by The Independent, 70 prominent academics say they are “concerned” at the party’s programme for government and warn that failing to reverse cuts would “deepen the poverty and hardship many are already facing”. Labour last month said its fiscal rules might not allow it to reverse cuts like the two-child benefit limit or bedroom tax, between them responsible for putting hundreds of thousands of families in poverty.
Shadow chancellor Rachel Reeves also announced she would be scaling back the party’s green investment plans, saying spending limits were “non-negotiable”. The latest warning comes after Jim O’Neill, a prominent economist who coined the term Brics (the grouping of the world economies of Brazil, Russia, India, China and South Africa) and who until recently was advising the shadow chancellor, called for “petty and arbitrary” fiscal rules to be scrapped.

https://www.independent.co.uk/news/uk/politics/keir-starmer-policies-benefit-cuts-reeves-b2399406.html

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