Rachel Reeves should use any extra money in the Budget to invest in projects – such as major rail schemes – that could help drive economic growth, rather than funding policy U-turns, a former adviser has said.
As the chancellor scrabbles to find billions to fund a potential hat-trick of benefit U-turns, Jim O’Neill, a former Treasury minister who quit the Conservatives and later advised Ms Reeves, told The Independent that moves to fund policy reversals are driven “by the politics” of the situation.
