If there’s one second of Tory extra that the Labour Birthday celebration has lengthy sought to outline itself in opposition to, it’s Liz Truss’s market-shaking mini-budget in 2022. “By no means once more”, Rachel Reeves stated solemnly in 2023, “do we permit a repeat of the devastation Liz Truss and the Tory birthday celebration have inflicted on circle of relatives price range.” Which is why the bond marketplace’s sharp reaction to Ms Reeves’s first funds as chancellor, which she delivered on October thirtieth, is especially tough.
