We often hear how ministers should be more honest about the state of the economy. How they should signal their intentions and, before announcing a policy shift, have the guts and intellectual heft to debate the expected impact in public, such that when a section of the public dislikes the plan, at least they understand why it has been set in motion.
It was a message Rachel Reeves absorbed and used as a defence for her first budget in October, only to come unstuck when she shocked businesses with a previously undiscussed change to the terms of employer national insurance contributions and an ill-considered last-minute grab at farmers’ incomes via a rise in inheritance tax.
