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By Alys Denby Rachel Reeves is shocked – shocked she tells you – at the state of the public finances. Never mind that everyone passingly familiar with spreadsheets, including City A.M., had warned her – the chancellor has now discovered what was hiding in plain sight: Britain is poor. Incoming governments promising one thing to get elected and then exaggerating economic precarity as a cover for implementing unpopular policies is nothing new. But claims that the Conservatives have left the “worst economic inheritance since the Second World War” are a political pantomime. True, the pandemic invo…

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