Rachel Reeves is planning plenty of tax rises. It’s not because the economy was weak when she took over. Growth in the first half of this year was the fastest in the G7 after the poor Covid years. Inflation was back down to 2%. It is not because the Conservatives were planning to spend a lot more after the election. It is because she wants to spend a lot more which she did not tell us about before the vote. Her own assessment of £22billion of extra spending “inherited” from the outgoing government was dominated by £11billion for bigger wage awards and £6.4billion for more migrants. The big inf…
