Labour’s favourite think tank the Resolution Foundation has clocked up the cost of all of Labour’s U-turns. They estimate the reverse ferrets up to the Winter Budget has cost the Exchequer at least £8.2 billion. And that’s not even including the ones since then. We’re on 13 now…
Aside from ex-Chancellor Hunt scrapping much of Liz Truss’ mini-budget, Labour’s string of policy reversals has cost more than any other government’s climb downs since 2012. The think tank, whose ex-personnel now run the Treasury, said this“damaged growth” and added:
“There’s lots to welcome in the Government’s economic growth strategy. But it has spent much of the past 18 months undermining that strategy with policy U-turns, kite-flying tax ideas and timidity in areas like trade where it needs to be bold.”
And these people are embedded in this Labour government. “Get it right the first time,” anyone?
