Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Labour’s first job shouldn’t be to spend, but to fix the state’s financial plumbing

Rachel Reeves stands with Mark Carney and another man in a wood-panelled room
Chancellor Rachel Reeves with former governor of the Bank of England Mark Carney, centre, at the announcement of the establishment of the National Wealth Fund on 9 July. Photograph: Justin Tallis/PA

Every time an upmarket home is bought in the UK, the new residents seem obliged to rip out the kitchen and install two bathrooms where there was only one.

It is almost a cast-iron rule that walking across the threshold means paying builders to rearrange what was there before, almost for the sake of it.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.