The Adam Smith Institute Responds to Reeves’ Pre-Budget Budget

Commenting on Rachel Reeves’ pre-budget speech, Mitchell Palmer, economist of the Adam Smith Institute, said:

“Reeves has once again refused to take responsibility for her government’s high-spending, anti-growth agenda, while preparing the public for yet more damaging tax rises in the coming budget.

At the spring budget, we were told that higher borrowing costs meant difficult decisions, yet since then the government has chosen to keep spending, ignoring mounting debt and doubling down on policies that punish success rather than promote growth.

The challenges we face are not wholly due to global uncertainties, but the result of a government unwilling to rein in spending and commit to genuine fiscal discipline.”

-ENDS-

Notes to editors:

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