Labour economic plans mocked by Sky News
Labour’s plans for the economy appeared to be in chaos as they were mocked live on air by former Labour MP turned Sky News host Sir Trevor Phillips.
The Sunday morning politics presenter mocked shadow Chancellor Rachel Reeves’ plans as being “small change” as she tried to explain what she would do differently to Tory Chancellor Jeremy Hunt.
The on-air clash came ahead of Wednesday’s Autumn Statement when Hunt is set to unveil a series of changes which he and Rishi Sunak hope can kickstart a recovery in the polls and help them win an election next year.
But with Labour expected to win a huge majority, the focus was on Ms Reeves as she was grilled about her plans.
Phillips pointedly accused her of planning “to stick with the Conservatives spending plans”.
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But Reeves came back that she planned to cancel so-called Non-Dom status for the wealthiest which she claimed would bring in an extra £2billion a year, although this is disputed.
A clearly frustrated Phillips interrupted her saying: “You have committed that in various ways but in an economy it is worth trillions it is marginal.”
A floundering Ms Reeves tried to reel off other minor measures including cancelling tax breaks for private schools and going after City bonuses.
But an exasperated Phillips poured contempt on her proposals.
He said: “You are giving me examples where you would change things by a few billion a year.
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“Public spending is running now at what? About £400 billion a year.
“What you are proposing is small change.”
During her interview Ms Reeves suggested that she would overhaul planning laws to make it easier to build homes.
But Phillips pointed out that the target had not been achieved since the 1970s and asked her why she would be any different to a long succession of Chancellors including Nigel Lawson, John Major, Norman Lamont, Ken Clarke, Gordon Brown, Alistair Darling, George Osborne, Philip Hammond and now Jeremy Hunt.
In a surprise admission Reeves admitted that “taxes are too high on working people” saying “they need more money in their pockets”, suggesting she would reduce taxes for low earners.
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