Dollar hits fresh 20-year high against major currencies, while analysts and brokers warn UK house prices could fall by 10% to 15% next year
Starmer is now on BBC radio 4’s Today programme, talking about the IMF criticism of the UK’s tax cuts, a rare intervention by the Washington-based fund, and the market turmoil.
It reflects the fact that the government has completely lost control of the economy.
This is a government that has lost control of the economy and for what? To give tax breaks to those earning hundreds of thousands of pounds whilst working people have to pay more in prices. It’s the worst of all situations for our country to find itself in.
So many people with mortgages will be really worried by what’s going on because they know what this means for their their budgets – prices are going up.
We all look at the graph and we see the pound falling, but it’s not an abstract graph. This is reflected in people’s mortgages, etc. And people are very, very worried this morning.
And what they’re feeling in the air, I think, is change – because obviously, the government we’ve got has made an absolute mess of the economy and here you’ve got a Labour Party calmly, carefully and with confidence, setting out alternative plans for our economy and for our public services.
