Labour U-turns ‘have cost Britain £8.2 billion’
The staggering sum that government U-turns are predicted to have cost Britain
- A report by the Resolution Foundation indicates that Labour's policy U-turns have cost Britain an estimated £8.2 billion in economic growth.
- The think tank found that policy uncertainty is currently higher than in any of the previous seven Parliaments, despite Labour's pledge for stability.
- Specific U-turns on personal independence payments, universal credit, winter fuel allowance, and the two-child benefit cap contributed to this economic hit.
- Recent reversals, including on business rates for pubs and inheritance tax for farmers, are projected to add a further £430 million to the cost.
- Sir Keir Starmer's tenure has been marked by numerous policy reversals, with the Chancellor's U-turns totalling £6.1 billion, second only to Liz Truss's 'mini-Budget' in the last 15 years.