Rachel Reeves is lucky that the name ‘omnishambles Budget’ has already been taken. When the entire document was published long before she got to her feet in the Commons, the only thing that would have made this most chaotic pre-Budget period more shambolic would have been if the Deputy Speaker had banned her from making her statement at all.
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Reeves described her second Budget as an expression of ‘Labour values’ but really it is a manifestation of Labour foibles. Much of the commentary beforehand concerned the risk of a ‘doom loop’ of tax rises and economic downgrades, but the Budget is more the culminatio

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