Economic circumstances beyond government control demand breaking outdated manifesto pledges on major taxes. Reversing Conservative tax cuts would raise over 10 billion pounds annually, while wealth taxes on the super-rich offer a fair solution. Ripping off the plaster now may be a tough political blow, but it will help secure a prosperous future for Britain.
Reeves's admission of tax rises is unsurprising given her consistent record of economic mismanagement. Her 25 billion pound employer tax raid and minimum wage hikes sent food inflation past 5 percent and eliminated 150,000 jobs. Empty promises and commitment to a "secure economy" cannot hide the economic damage Labour continues to inflict.
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