Shadow chancellor says Tories ‘squandering’ economic potential as cost-of-living crisis ‘number one concern’

Rachel Reeves said the UK is the ‘only G7 economy that’s still smaller than it was before the pandemic’

Elizabeth Arnold
Tuesday 07 March 2023 12:25 GMT
<p>Shadow chancellor Rachel Reeves said Labour would boost the economy</p>

Shadow chancellor Rachel Reeves said Labour would boost the economy

Shadow chancellor Rachel Reeves has accused the Conservatives of “squandering” the UK’s economic potential as she called for an end to the government’s “sticking plaster” approach.

Ahead of Jeremy Hunt’s spring Budget, the Labour frontbencher warned the “huge cost-of-living crisis” was “still the number one concern” as she spoke of the need to prioritise economic growth.

Speaking to the PA news agency, she said: “We’ve been very clear that we’ve got to have an end to this sticking plaster politics of just solving the immediate problem, but never fixing the fundamentals, and the truth is we have got some massive immediate problems at the moment because of a failure of the Conservatives over the last 13 years to fix the foundations.

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