Shadow chancellor Rachel Reeves says “the damage has been done” by the mini-budget.
Responding to Jeremy Hunt’s statement today, Ms Reeves said the “Conservatives have lost all credibility”, and that they cannot provide the “confidence and stability” the chancellor said was needed.
Ms Reeves said: “There will continue to be a huge cost to families because of the actions of this Tory government.
“We are still flying blind with no OBR forecasts and no clarity of the impact of their mistakes.
“The humiliating climb-down on their energy plan begs the question yet again – why won’t they bring in a windfall tax on energy producers to help foot the bill?
“Only Labour offers the leadership and ideas Britain needs to fix the economy and get out of this mess.”