Labour could be forced to row back on some of its most ambitious promises following Jeremy Hunt’s Autumn Statement and news that household income will fall by 7 percent over the next 18 months.
Massive spending plans outlined by Labour just two months ago could now be in jeopardy following Jeremy Hunt’s Autumn Budget.
Shadow chancellor Rachel Reeves was quizzed on whether Labour would still follow through with its ambitious promises following news that the UK faces the biggest drop in living standards since records began.
Speaking on BBC’s Today programme, Ms Reeves admitted that “because of the mistakes the Tories have made Labour will not be able to do everything we want as quickly as we want”.
“To put that in perspective that is half of the defence budget.
Ms Reeves insisted she was “confident about our green plan” but refused to spell out what Labour would scale back.
“Also in the interview, Ms Reeves rejected calls for the UK to “soften” Brexit and rejoin the single market.
However, the shadow chancellor insisted Labour would “fix the mess” that the Conservatives had made out of leaving the EU.
Ms Reeves said that Labour would have made “different choices” than the Conservatives in the Autumn Statement.
This comes as Jeremy Hunt vigorously defended his Statement following backlash.
Following the Statement, the Office for Budget Responsibility says household income will fall by 7 percent over the next 18 months.
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