Emergency talks with head of Office for Budget Responsibility follow dramatic market changes since last Friday’s mini-budget
The prime minister and chancellor have lost the faith of the markets and the public and will never get it back, Labour has said.
Asked whether Liz Truss’s meeting with the Office for Budget Responsibility will reassure markets, shadow business secretary Jonathan Reynolds told Sky News:
It’s a bit late for that now, isn’t it?
I cannot stress how angry people should be at this government for what is without question one of the biggest unforced errors in policy-making in this country’s history.
We are seeing this government’s true colours. It’s little surprise Liz Truss is refusing to provide help to those who need it most given she has long wanted to scrap the state pension and child benefits.
The Conservative government could not be more out of touch with the British people. As inflation sky-rockets, interest rates spiral and borrowing surges, they’d rather give tax cuts to banks, massive corporations and billionaires than guarantee support for struggling families and pensioners.
The prime minister’s views are not the same as they were 27 years ago.
