Chancellor laughs as Tories warn the ‘economic crisis was made in Downing Street’ – London Business News | Londonlovesbusiness.com

Date:

Share:


The Shadow Chancellor Met Stride launched a scathing attack on the Chancellor in the House of Commons as she fled to China “ducking” his question over the economic crisis gripping the UK.

Stride told MPs that the pound has hit a 14-month low and business confidence has “fallen through the floors” as borrowing cost reach a staggering 27-year high since the Autumn Budget.

Stride said in a furious tirade against Rachel Reeves, “This is a crisis made in Downing Street,” and Reeves, Angela Rayner and the Chief Treasury Secretary Darren Jones could be seen laughing and grinning on the frontbench.

The Conservative Party wrote on social media, “Labour think that losing control of the public finances, and sending the economy into crisis, is a laughing matter… Shameful.”

Stride asked, “When the Government was losing control of the economy, where was the Chancellor?” he then called her Beijing trip a “Peking duck.”

Read more related news:
The Chancellor is ‘hanging on by her fingernails’ as ‘business confidence has crashed’

Economists are warning inflation could rise ‘above 3%’ which will be blow for interest rates

Chancellor’s ‘disastrous’ Budget has ‘crashed’ employment growth

“This sorry tale is nothing more than a Shakespearean tragedy,” he added.

Stride took more swipes at the Chancellor over the failing economy and concerns of public finances, “They [Labour] promised the electorate much while pouring the poison into their ear.”

The Shadow Chancellor added, “To go or not to go? That is now a question. The Prime Minister will be damned if he does, but he will be surely damned if he does not.”

Suella Braverman warned that the “dreadful” Labour government is “leading the UK down a very dangerous path” as the Chancellor is “kowtowing” to China.

The former Home Secretary warned the UK is “engaging pragmatically with international partners” such as Beijing is “naive and incredibly dangerous”.

Braverman said, “China is committing genocide in Xinjiang, funding Putin’s war of aggression in Europe and has committed acts of cyber-terrorism against the British people.

“I saw firsthand the danger the CCP poses, and this economic appeasement is a reckless gamble.

“This dreadful Government is leading the UK down a very dangerous path.”



Source link

━ more like this

Google Maps comes to Garmin smartwatches

If you’ve ever wished that your Garmin could do a better job of helping you find the restaurant you’re late for dinner...

X CEO Linda Yaccarino is stepping down after two years

Linda Yaccarino is stepping down as CEO of X, apparently effective immediately. She posted the news, naturally, on X, saying "I’m immensely grateful...

Dr’s set to strike despite a pay rise and are showing ‘lack of respect’ giving just ‘two weeks notice’ – London Business News |...

Resident doctors formerly known as junior doctors are to strike on 25 July for five days as they are demanding a 29% pay...

IKEA goes all in on Matter with new smart home products

IKEA continues its push into the smart home category a new line of -compatible products, set to launch in January. The ready-to-assemble...

The end of the triple lock pension could be inevitable – London Business News | Londonlovesbusiness.com

The end of the triple lock pension could be inevitable due to the increasing cost of providing it to the UK’s aging population,...
spot_img