John Healey’s Budget will aim to please Labour backbenchers rather than businesses or the bond markets, an ex-adviser to the Prime Minister has said.
Andy Haldane warned that the Chancellor will risk growth and deter investors if he announces tax rises and further borrowing a week today.
In another blow to Andy Burnham – who sounded him out for advice before entering Downing Street – the former Bank of England chief economist raised the alarm over Labour’s plan to make the state even bigger.
He said he preferred the Conservatives‘ proposals for improving growth by slashing spending and red tape.
As fears grow over
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