Here's what a City Broker, Shore Capital, has to say about Reeves and Co;
Describing Britain’s political leaders as “detached, ignorant, and selfish”, Shore Capital analysts Clive Black and David Hughes said the Treasury “just do[es] not understand the damage they are causing to this country’s consumer economy.”
“[The Treasury is] incapable of either creating the conditions for private capital to flourish or controlling Government expenditure, making for a never-ending debate on what taxes to increase,” Black and Hughes said.
“To be clear, the prime source of that UK food inflation is the policies of the British Government, [and] taxes on labour,” Black and Hughes said.
They pointed to the effect of elevated employers’ National Insurance Contributions (NIC), the higher National Living Wage (NLW) and wider raids such as the new Extended Producer Responsibility (EPR).