Battle begins: inside Rishi Sunak’s plan to take on Labour
When David Laws moved in as chief secretary to the Treasury in 2010, he found a note from his predecessor Liam Byrne saying: ‘I’m afraid there is no money.’ It was the most famous parting gift in British political history. What was meant as a joke (Byrne had thought his friend Philip Hammond would get the job) quickly became the coalition government’s most effective weapon against the opposition: proof that Labour could not be trusted with the public finances. Today, Labour wants to level the same accusation against the Conservatives. ‘On the first day [in power], we need to land the message very quickly that the finances are in a very bad state and it is all because of the Tories,’ says one Keir Starmer aide. ‘We would need to make them wear it.