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By Mark Kleinman Well, that didn’t take long to unravel: the first Labour Budget for nearly 15 years, and the first ever by a female chancellor, saw the parallels with Kwasi Kwarteng’s infamous 2022 mini-Budget emerging within hours. The comparison was misguided, although the jittery reaction of financial investors and rise in government funding costs told its own story. While an increase in borrowing had been anticipated, the downgrade in economic growth forecasts (beyond the short-term spike prompted by higher spending) illustrates the gamble that Rachel Reeves is taking. Don’t forget that t…

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