Deutsche bank research on the UK economy shows the floor of needed tax rises is £10-15bn. The markets are watching.
They should have pulled the bill which would have given them the opportunity to re-think and come back with a better plan. They have scuppered their chances of reforming welfare through sheer pigheadedness.
I don't think Reeves can survive long after the next budget. If Starmer tries to cling on to her, I think it will cost him his position. He has lost all credibility and authority. Rayner is on manoeuvres and the left of labour are now emboldened.
PMQs should be interesting today.