Chancellor Rachel Reeves has claimed her party is receiving “a dire inheritance” left by the previous government.
Sky’s Ed Conway assesses if she is correct to profess such gloom.
#skynews #economy #uknews
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50 Comments
Thanks to the conservatives not labour they inherited this.
The Tories never really fixed the inheritance they got from Labour. So I would argue Labour are inheriting their own dire economic record.
Jail Blair for his war crimes and cheer the people up
The O B R. are not to be trusted omg get an honest report
Yes they do stack up. We don't need any figures to confirm what is obvious
As always, Labour lie, lie some more and then lie again.
Allah aap ko dalleh seh mehfooz rakheh.
How can snyone say labour are good
No
Labour poring money into pay rises are going to destroy us all!
Do Labour think we are stupid!
Your going to hear this till the next election its all the Tories fault .
30 seconds of adverts for a less than 3 minute post is money grabbing. I'm going to stop my Sky subscription for this.
There will be an even deeper hole in the economy by the time Labour pays the bills for all these illegal migrants liveing in 5 star hotels.
GDP is based on the Population. The Larger the Population the better the GDP gets. Wonder if thats why they Dont Want to Stop the Boats or Reduced Immigration levels. And does it explain the increase of the UKs Population of 10 Million over the last 15 to 20 Years. In the year 2000 population was around 58.5 Million. Today its 69.2 Million. Which is Compounding the problem with Infrastructure ie the NHS and Housing. Due to turning a Blind Eye and Bad Government of the Country by Labour and the Tory Parties.
Who cares, just print money.
It all whys somebody'foled
They could rent out No10 as a mosque.🤣
If she wasn’t either useless as shadow minister or a liar she would have known the situation.
Lets sum the last 6 weeks up. Riots over illegals and legal migrants. Removed OAPs Fuel Allowance, PM insults the British and the Irish. Selling us out and allowing EU Freedom of movement for under 30s Today. Gave huge Rises to NHS Doctors, Big Rises for Rail Workers. Then we get to the Stabbings in our society. Thing thats Hidden is Rape Cases. 2002 to 2003 there was 12,000 Reported Rape cases in England and Wales. 2021 to 2022 there was 69,948. Over the last 7 Years its Close to Half a Million. Whats Changed in the UK over the last 10 years to produce the Massive Increase. Let me Think
Any excuse to raise taxes and cut spending. Now we see the true face of Labour…..Tories Mark II. Thanks, Tony Blair, for ruining a once great party that actually cared about the working class.
No labour always blame others. They are so bad and ruin it even more
We're all going to DIE 😮😮😮
😂😂😂😂😂😂😂😂
The public finances are in a mess because of constant strikes, pay deals way over inflation.
Amazing how this black hole appeared the same week they gave £11 billion to foreign countries for net zero, billions in foreign aid and Ukraines limitless cheque??? never mind our pensioners are glad to shiver this winter for the cause as the migrants turn their heating up, it's the far rights fault.
Who honestly didn't think STARMERS LABOUR wouldn't know what they are doing. For all thies whi voted for STARMER THE TRAITOR…ENJOY😅😅😅
Good ol' Sky. Never let the truth stand in the way of your froth-at-the-mouth right-wing propaganda.
Fiscal rules need to be updated, media needs to report on GDP per capita and not GDP, need some people with vision to be in government.
She is right that it's dire, but if Labour had been in power it would have been even worse lol, every single thing the Tories did to damage the economy ( lockdowns and borrowing half a trillion Pounds to pay most of the country to stay at home for a year, the sanctions war against Europe's biggest energy supplier, tax raises, constantly increasing public spending, net zero policies that require massive taxpayer subsidies that drove energy bills through the roof)… are things that Labout supported and wanted EVEN MORE OF.
It's hilarious watching leftists pretend that "the evil right wing Tories did this". If the Tories had governed as actual Tories instead of new Labour, they would have mot done the lockdowns ( a national debt that too centuries to build up wouldn't have doubled overnight), they would have cut public spending to being line with tax receipts, and they would have dropped net zero and sanctions and prioritized cheap energy for British industry over pointless climate virtue signalling and defending American hegemony.
Liebour are cooked – they have robbed pensioners in favour of 'Overseas climate aid' – whatever that is? They have locked up hundreds of people from the red wall up north – treated them like dirt in comparison to others – people dont forget that quickly. Its clear that Liebour are anti-working class and anti-British. Pretty sad state of affairs.
The spending rose in June 🤔🤔🤔
“Lies, damned lies, and statistics”
What about the mess left in2010. Spin more than the G O P
Labour always lie in an attempt to achieve their communist agenda Comrade Starmer is the latest in a line of traitors.
Yes – of course she is. And who thinks Ed Conway tells the truth – he has worked for those bastions of truth and honesty and independent thought The Daily Mail, The Daily Telegraph, the Sunday Telegraph, and Sky News. Next stop Fox News?
The massive pay awards and being controlled by the unions and the £15, billion going on foreign aid is where the financial black hole is.
More tax rises to come that’s the same old Labour they will stoke up inflation, more austerity, and crash the economy that’s what Labour do.
Yeah and more pay rises for the public sector and over £1 billion in overseas payments and who’s gonna pay for it but more debt and middle and low income earners tax rises.
I suspect Labour are going to give me an incentive to stop smoking quite soon.
Oh dear, what a surprise. Sky news have just created the back story for Labours raid on taxes, anybody get the number, 9 billion from data that has only just been created. Not the mythical 22 billion that they're throwing around… Oh and don't forget, despite the black hole, they're still handing out massive pay rises and borrowing more. Doesn't seem like good finicial sense….
Does anybody listen or believe a thing the liebor politicians say? Or sky.
The blame game is the get out of jail card being played every day now.
This is economic drivel . Why? Learn MMT.
Labour or Conservative, it really doesn't matter. The WEF get their people in, regardless.
Surly she new this when she was in the shadow government? If not then they were not doing their job were they.
Could just steal less money to encourage growth, give less away to lazy bums and waste less on corruption. Why make things worse?
Perhaps if they stopped funding foreign wars, giving overseas aid and paying for the illegals bed, board, and spending money, we would be awash in our money. BTW. Governments don't have any money.
Do people really not see the pattern? Each party blames the one before, each one claims to make changes but all that ever changes is taxes go up, public spending decreases, cost of living gets worse! But mp's and 'friends' wages always goes up. Its called manage democracy, its just an illusion!
Accurate factual reporting by Sky. Makes a nice change.
So dire they just threw 18 billion at unions with more unions with their hands out in the queue.
1142 -1037 = 105. 105 is the real Blackhole in the finances