• About us
  • Privacy Policy
  • Editorial Policy
  • Contribute
  • Contact
Sunday, July 6, 2025
  • Login
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Health
  • Science
  • Tech
    IMGP4O and the New AI Paradigm: From Innovation to Impact

    IMGP4O and the New AI Paradigm: From Innovation to Impact

    How a pill used by millions every day could help prevent cancer spreading

    How a pill used by millions every day could help prevent cancer spreading

    Private company makes ‘fully successful’ Moon landing for first time ever

    Private company makes ‘fully successful’ Moon landing for first time ever

    Slack is down for thousands of people and nobody can do any work

    Slack is down for thousands of people and nobody can do any work

    Apple pulls iPhone security tool after UK government ‘demands access to user data’

    Apple pulls iPhone security tool after UK government ‘demands access to user data’

    Odds of ‘city killer’ asteroid hitting Earth in 2032 increase yet again

    Odds of ‘city killer’ asteroid hitting Earth in 2032 increase yet again

  • Travel
  • Sports
  • Lifestyle
    • All
    • Fashion
    • food
    • Travel
    Finding the Perfect Pod What to Know Before You Buy

    Finding the Perfect Pod: What to Know Before You Buy

    10 unmissable Time Out London deals – including champagne brunch at The Shard for £55

    10 unmissable Time Out London deals – including champagne brunch at The Shard for £55

    People are just realising there’s a meaning behind the patterns on the Greggs pastries & say their minds are blown

    People are just realising there’s a meaning behind the patterns on the Greggs pastries & say their minds are blown

    English seaside hamlet with pub right on the beach often overlooked by Brits

    English seaside hamlet with pub right on the beach often overlooked by Brits

  • Entertainment
    You can now get hold of a PS5 for only £22 – but there’s a catch

    You can now get hold of a PS5 for only £22 – but there’s a catch

    Why I think Warner Bros. should sell up and leave the games industry – Reader’s Feature

    Why I think Warner Bros. should sell up and leave the games industry – Reader’s Feature

    Check your drawers for prized Pokémon games ‘worth £3,900’ – Nintendo fans might have titles worth thousands at home

    Check your drawers for prized Pokémon games ‘worth £3,900’ – Nintendo fans might have titles worth thousands at home

    Nintendo needs to bring back Zelda: Twilight Princess’ best character – Reader’s Feature

    Nintendo needs to bring back Zelda: Twilight Princess’ best character – Reader’s Feature

    Iconic Xbox game worth up to £650 if you still have it – and you don’t even need the box to cash in

    Iconic Xbox game worth up to £650 if you still have it – and you don’t even need the box to cash in

    GTA 6 PC release date revealed by peripheral manufacturer

    GTA 6 PC release date revealed by peripheral manufacturer

    Gamers slam Sony for ‘terrible’ PSN outage compensation as they suddenly realise certain users are excluded from offer

    Gamers slam Sony for ‘terrible’ PSN outage compensation as they suddenly realise certain users are excluded from offer

    E3 organisers are back with a new games convention called iicon

    E3 organisers are back with a new games convention called iicon

    Fortnite update v33.30 brings OG Chapter 1 Season 2 – and Godzilla is gone from Battle Royale

    Fortnite update v33.30 brings OG Chapter 1 Season 2 – and Godzilla is gone from Battle Royale

  • Covid-19*
  • Real Estate
  • More
    • Crypto
    • Press Release
  • Home
  • News
  • Politics
  • Business
  • Health
  • Science
  • Tech
    IMGP4O and the New AI Paradigm: From Innovation to Impact

    IMGP4O and the New AI Paradigm: From Innovation to Impact

    How a pill used by millions every day could help prevent cancer spreading

    How a pill used by millions every day could help prevent cancer spreading

    Private company makes ‘fully successful’ Moon landing for first time ever

    Private company makes ‘fully successful’ Moon landing for first time ever

    Slack is down for thousands of people and nobody can do any work

    Slack is down for thousands of people and nobody can do any work

    Apple pulls iPhone security tool after UK government ‘demands access to user data’

    Apple pulls iPhone security tool after UK government ‘demands access to user data’

    Odds of ‘city killer’ asteroid hitting Earth in 2032 increase yet again

    Odds of ‘city killer’ asteroid hitting Earth in 2032 increase yet again

  • Travel
  • Sports
  • Lifestyle
    • All
    • Fashion
    • food
    • Travel
    Finding the Perfect Pod What to Know Before You Buy

    Finding the Perfect Pod: What to Know Before You Buy

    10 unmissable Time Out London deals – including champagne brunch at The Shard for £55

    10 unmissable Time Out London deals – including champagne brunch at The Shard for £55

    People are just realising there’s a meaning behind the patterns on the Greggs pastries & say their minds are blown

    People are just realising there’s a meaning behind the patterns on the Greggs pastries & say their minds are blown

    English seaside hamlet with pub right on the beach often overlooked by Brits

    English seaside hamlet with pub right on the beach often overlooked by Brits

  • Entertainment
    You can now get hold of a PS5 for only £22 – but there’s a catch

    You can now get hold of a PS5 for only £22 – but there’s a catch

    Why I think Warner Bros. should sell up and leave the games industry – Reader’s Feature

    Why I think Warner Bros. should sell up and leave the games industry – Reader’s Feature

    Check your drawers for prized Pokémon games ‘worth £3,900’ – Nintendo fans might have titles worth thousands at home

    Check your drawers for prized Pokémon games ‘worth £3,900’ – Nintendo fans might have titles worth thousands at home

    Nintendo needs to bring back Zelda: Twilight Princess’ best character – Reader’s Feature

    Nintendo needs to bring back Zelda: Twilight Princess’ best character – Reader’s Feature

    Iconic Xbox game worth up to £650 if you still have it – and you don’t even need the box to cash in

    Iconic Xbox game worth up to £650 if you still have it – and you don’t even need the box to cash in

    GTA 6 PC release date revealed by peripheral manufacturer

    GTA 6 PC release date revealed by peripheral manufacturer

    Gamers slam Sony for ‘terrible’ PSN outage compensation as they suddenly realise certain users are excluded from offer

    Gamers slam Sony for ‘terrible’ PSN outage compensation as they suddenly realise certain users are excluded from offer

    E3 organisers are back with a new games convention called iicon

    E3 organisers are back with a new games convention called iicon

    Fortnite update v33.30 brings OG Chapter 1 Season 2 – and Godzilla is gone from Battle Royale

    Fortnite update v33.30 brings OG Chapter 1 Season 2 – and Godzilla is gone from Battle Royale

  • Covid-19*
  • Real Estate
  • More
    • Crypto
    • Press Release
No Result
View All Result
No Result
View All Result

Spending cuts would be ‘political suicide’ and turn voters to Reform, McDonnell warns Reeves

by Morris
January 14, 2025
in Politics
Reading Time: 3 mins read
0
SHARES
Share on FacebookShare on Twitter

Early decisions taken by the Labour leadership “tied” the party’s hands “unnecessarily”, John McDonnell has said.

The former shadow chancellor and frontbench colleague of the prime minister insisted the “strictures we placed upon ourself need to be re-examined.”

Speaking to BBC Radio 4’s Today programme, McDonnell said that imposing cuts to create further fiscal headroom wiped out by recent market moves would be “politically suicidal” and undermine the support on which Labour got elected.

The government must “see through” the market turbulence, he said. 

The comments come as Reeves battles to meet her fiscal rules after a surge in borrowing costs, fuelling speculation of more cuts and/or tax rises. 

***Politics.co.uk is the UK’s leading digital-only political website. Subscribe to our daily newsletter for all the latest news and analysis.***

Market moves have seen Reeves’ £10 billion of fiscal “headroom”, allowed for in the autumn budget, squeezed significantly. The chancellor has also appeared to rule out further tax rises, telling the Confederation of British Industry (CBI) conference in November last year that she would not be “coming back” for more.

McDonnell, who had the Labour whip withdrawn last year after voting for a king’s speech amendment urging ministers to scrap the two-child benefit cap, also suggested the government should “look to the Bank of England to intervene if necessary”.

McDonnell said: “I think the scene was set to a certain extent before the election, when we didn’t really have a thorough and open debate about the state of the economy and the options that we had available to us.

“I wouldn’t have ruled out the increases in income tax and wealth taxes on the wealthiest in society the way it was, and I wouldn’t have ruled out increasing corporation tax, so we sort of boxed ourselves in to a certain extent.”

He also warned that the electorate will “have to be protected, otherwise I’m afraid we’re looking at a level of disillusionment which then turns people towards, unfortunately, Reform, and I think that would be a disaster for the country.”

McDonnell said: “Even in the election campaign itself, I think decisions were taken that tied our hands, particularly around where we would raise our resources… 

“I actually think that the earliest decisions taken not just by Rachel Reeves but by Keir as well, I think tied our hands unnecessarily… we’re now in a different position in government, and these strictures we placed upon ourselves need to be re-examined, in particular how we redistribute wealth in our country.”

Josh Self is Editor of Politics.co.uk, follow him on Bluesky here.

Politics.co.uk is the UK’s leading digital-only political website. Subscribe to our daily newsletter for all the latest news and analysis.

The post Spending cuts would be ‘political suicide’ and turn voters to Reform, McDonnell warns Reeves appeared first on Politics.co.uk.

Source link

Related Posts

Reform UK’s Rupert Lowe: not clear whether Nigel Farage can ‘deliver the goods’

Reform UK’s Rupert Lowe: not clear whether Nigel Farage can ‘deliver the goods’
by Morris
March 6, 2025
0
ShareTweetPin

Senior Kemi Badenoch ally hails Trump and Musk’s ‘refreshing dynamism’

Senior Kemi Badenoch ally hails Trump and Musk’s ‘refreshing dynamism’
by Morris
March 5, 2025
0
ShareTweetPin

JD Vance accused of ‘erasing’ British history after ‘random country that hasn’t fought a war in 30 years’ jibe

JD Vance accused of ‘erasing’ British history after ‘random country that hasn’t fought a war in 30 years’ jibe
by Morris
March 4, 2025
0
ShareTweetPin

John Lamont: ‘Pupils, parents and the public purse will pay for Labour’s ideological VAT plan’

John Lamont: ‘Pupils, parents and the public purse will pay for Labour’s ideological VAT plan’
by Morris
March 3, 2025
0
ShareTweetPin
Next Post

Top 5 Best online Edtech platforms in India

  • About us
  • Privacy Policy
  • Editorial Policy
  • Contribute
  • Contact

All Rights Reserved© 2021 Manchester Times

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Science
  • Entertainment
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

All Rights Reserved© 2021 Manchester Times