Will Rachel Reeves repeat Denis Healey's 1975 horror budget?

EXC: ‘Huge Anxiety’ in Downing Street as Starmer on the Line for Reeves’ Winter Budget

There is significant disquiet among some senior figures in Downing Street over the Winter Budget. Because it’s not just Reeves on the line… One Downing Street source tells Guido: “It’s now the PM’s budget too.” Co-conspirators may remember No10 ‘beefing up’ its economic credentials and control over the Treasury with a series of strategic hires. They…

Will Rachel Reeves repeat Denis Healey's 1975 horror budget?

Sky's Jon Craig looks at similarities between the state of politics and the economy in 1975, when Labour chancellor Denis Healey raised income tax, and today - as his successor Rachel Reeves considers doing the same.