Reeves is keeping Britain on path of economic oblivion

RACHEL Reeves is running scared of a tsunami of economic bad news coming her way. That's why the Chancellor surprised everyone by delivering her pre-Budget speech yesterday, three weeks before the actual Budget.

- Tim Newark

Chancellor Rachel Reeves routinely blames everyone but herself for dire situation

With the government’ official economic forecaster - the Office of Budget Responsibility - downgrading UK productivity and predicting a bigger-than-expected hole in Britain's public finances, Reeves has wanted to get her explanation in quickly.

‘The “context” she provided was to accuse everyone else but herself. Still blaming Liz Truss's three-year-old mini-budget turmoil (which the Bank of England later admitted was 60% its fault), Reeves also adds Trump tariffs and Brexit to the reasons for the woes we face.

It’s apparently nothing at all to do with the growth-stifling Budget she delivered last year - hobbling businesses with higher taxes, regulations and net-zero inflated energy bills.

The Chancellor is also running scared of the economic facts we face: borrowing costs higher than the rest of the G7 and a national debt amounting to 94% of GDP - a whopping £2.5trillion that is costing one in every 10 pounds of tax income to service.

WITH a ballooning public sector, still-high inflation and a faltering economy, she knows we are not far off following the fate of France, which is teetering on the edge of an economic abyss.