Labour’s U-turns on welfare reform and cuts in winter fuel payments have contributed to the UK being left more vulnerable than almost major economy to new shocks such another energy crisis as well as long-term trends such as an ageing population, and climate change.
A bleak report on the long term outlook for the UK’s public finances from the official economic watchdog the Office for Budget Responsibility (OBR) says successive Governments have failed to take the tough decisions needed to start bringing the deficit under control.
