Kay Burley and Rachel Reeves spoke to Sir Keir Starmer as a “great man” and stated that the party is finally “winning the war of ideas” under his leadership.
Rachel Reeves, who has served as an MP for almost 12 years, stated that she has never felt so confident about the future of the Labour party.
Ms. Reeves named Sir Keir Starmer a “great man” and stated that the party is finally “winning the war of ideas” under his leadership.
She stated, “I’ve never been more enthusiastic about Labour’s future in my twelve and a half years as an MP than I am now.
Under Keir’s leadership, Labour is now winning the fight for ideas, and I am convinced that at the next election we will be able to convince former Labour supporters to return.
Ms. Reeves stated that she is “tired” of being in the opposition and wants to be in government to “address” the economic difficulties.
She stated, “I am exhausted by the opposition. I want to be the chancellor of the exchequer, not the shadow chancellor so that I can tackle some of the challenges facing our economy today.
Later today, the Labour front-runner will deliver a speech at the annual conference in Liverpool in which she will elaborate on her party’s economic policy.
The shadow chancellor will discuss the party’s industrial policy and the specifics of a National Wealth Fund, which would imply that when money is spent on projects, the British people would own a portion of that wealth and benefit from the investment returns.
Ms. Reeves stated that the economy is in a “severe condition” following Friday’s mini-budget.
The pound fell to its lowest level versus the dollar in 37 years after Chancellor Kwasi Kwarteng launched the largest tax reform program in fifty years.
Work and Pensions Secretary Chloe Smith refused to comment on the sinking pound while defending the controversial “growth strategy” of the government.
Economic experts have accused the government of “betting the house” with tax cuts that mostly benefit the top earnings, but ministers claim the measures would boost investment and stimulate economic development.
When asked if she was frightened by the reaction of the markets, Ms. Smith responded, “I’m not going to be able to comment on specific market movements because there are several things that always play a role in that.”
Ms. Reeves, who once worked at the Bank of England, claims she has “never seen anything like this.”
“What we need to hear from the government is a realistic strategy for the public budget and a credible plan for economic growth,” she stated. And it is because neither of them occurred on Friday that the markets have reacted as they have.”
