"Reeves will get fired or fall on her sword in the next 12 months. She'll make a balls of the Budget and I don't think she'll still be there at Christmas. They'll have a new chancellor with a three-and-a-half-year run into the next election who can move away from these unsustainable commitments that they won't raise taxes."
"I don't think they have any appetite for real cuts, but it doesn't matter what their core membership thinks. They're not going to get re-elected if they don't deliver growth."
"The black hole wouldn't be quite so big if the first two initiatives of the Labour Government had not been to pay off the junior doctors and the train drivers. I don't think Labour has much credibility. I don't think there is a lot of brain power at the top of the party."
Rachel Reeves is portrayed as unfit to be Chancellor and lacking understanding of business and growth. Predictions state she will mishandle the Budget and likely be dismissed or resign within twelve months. A replacement chancellor is expected to reverse commitments against raising taxes and may allow increases to income tax, corporation tax, or VAT while pursuing targeted tax cuts. Labour is described as unlikely to implement major spending cuts and at risk of losing electoral support without delivering growth. Recent payments to junior doctors and train drivers are cited as enlarging the fiscal shortfall and undermining credibility.
Read at London Business News | Londonlovesbusiness.com
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