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The Guardian - UK

Politics

Tom Ambrose

Labour can’t tax and spend its way out of trouble, warns Blair

Tony Blair Sir Keir Starmer John Major Rachel Reeves

Tony Blair — Tony Blair: ‘We are not in good shape.’ Photograph: Liam McBurney/PA

Keir Starmer’s Labour must accept it will not be able to tax and spend its way out of financial trouble, Tony Blair has warned.

The party’s former leader and ex-prime minister told the Financial Times the Conservatives had “taxed and spent to the point [of]… economic crisis” and said Starmer would be facing an even gloomier situation than he had inherited from John Major.

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