Rachel Reeves's blunt truths
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I have just caught up with an interview with Rachel Reeves in the Financial Times yesterday, which has two striking lines. Reeves admitted that she would be unable, if elected, to say that she had "opened the books" to discover that things were worse than she thought, as an excuse to put up taxes. "We've got the Office for Budget Responsibility now. We know things are in a pretty bad state. You don't need to win an election to find that out." She also said, when challenged about her past advocacy, as a backbench MP, of increasing capital gains tax, reforming inheritance tax and cutting pension tax relief. "I've changed my mind," she said.
Asked why, she said: "Since then our growth rate has been even lower than it was before. And the focus has got to be on growing the economy. That is what I want to achieve. I don't believe that fiddling around with tax rates is the best way to grow the economy."
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What do Nigel Farage, Ramsay MacDonald, Alex Salmond, Jeremy Corbyn and Arlene Foster have in common? |
Answer at the bottom of today's email |
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| 'Supportive' letters from ex-PM due to land on doorsteps within days |
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| And 46 per cent of all voters say Nigel Farage should be allowed to join the Tories if he wins in Clacton |
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| Grant Shapps, defence secretary, has been accused by Labour of 'making it up as he goes along' |
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What else you need to know today |
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Does tactical voting mean the Tories are even less likely to win? |
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Opinion polls suggest that more people than ever are prepared to vote for a party that isn't their first preference to block a party to which they are opposed... Read more |
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| Tomorrow on the campaign trail |
Our political commentator Andrew Grice on what to look out for |
The inflation figure for May will be announced by the Office for National Statistics at 7am. Ministers hope it will fall from April's 2.3 per cent to the Bank of England's 2 per cent target. But their hopes the Bank's monetary policy committee will cut interest rates on Thursday are likely to be dashed.
While ministers trumpet the fall in inflation, Keir Starmer and Rachel Reeves will focus on the hike in supermarket prices since the 2019 election and claim that they would cut energy bills.
Rishi Sunak will be quizzed by LBC listeners and presenter Nick Ferrari on the station from 8-9am.
John Swinney, the Scottish National Party leader, will unveil his party's manifesto in the last of this election's launches.
The deadline to apply for a postal vote in England, Scotland and Wales is at 5pm. Contact your local electoral registration office. |
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"People who earn their living, rely on our services and don't really have the ability to write a cheque when they get into trouble" Keir Starmer defines "working people" on LBC |
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Quiz answer: They are all leaders who left their parties (Farage left Ukip in 2018) |
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