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

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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.”



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