The problem with Labour’s fiscal promises
From our UK edition
It is remarkable that in his conference speech in Liverpool, Sir Keir Starmer hardly mentioned the government’s biggest failures. There is burgeoning public debt, caught in a feedback loop by soaring gilt yields. It didn’t even feature. We have persistent inflation but although Starmer mentioned the ‘cost of living’ crisis several times, he missed out the vital word ‘inflation’. There are ever-increasing levels of illegal migration and a failed pledge to ‘stop the boats’, but again not a squeak from him. There is a reason why Starmer would avoid mentioning these things, even though the Conservatives’ record provided him with ample ammunition. These are all issues on which, historically, Labour has been weaker than the Tories.