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The Independent UK
The Independent UK
National
Jon Stone

UK stuck in ‘Tory doom loop’ of emergency budgets, Labour says OLD

PA Wire

The British economy is stuck in a "doom loop" of emergency Conservative budgets, Labour has said – as Jeremy Hunt prepares to give his autumn statement.

Mr Hunt is expected to enact significant tax rises and spending cuts, which he says will restore economic "stability".

It comes just weeks after Liz Truss and Kwasi Kwarteng unveiled huge unfunded tax cuts, which sent financial markets haywire and led to Ms Truss's resignation as prime minister.

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