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The Guardian - UK
The Guardian - UK
National
Pippa Crerar Political editor

Labour wants to reverse decline – but with a big budget comes a big risk

Rachel Reeves delivering the budget
Rachel Reeves said there are ‘no shortcuts’ to economic growth. Photograph: UK Parliament/AFP/Getty Images

At the final political cabinet before Rachel Reeves delivered her first budget this week, ministers were presented with internal party research on what the public was expecting.

In the months since the general election, they had been fed a regular diet of gloomy warnings about the state of the economic inheritance and, more recently, high levels of pre-budget news coverage, so it was firmly on their horizon.

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