28.2 C
Accra
Saturday, February 15, 2025
WorldPat McFadden: The Conservatives have "lost all economic credibility"

Date:

Pat McFadden: The Conservatives have “lost all economic credibility”

Earlier today, Armed Forces Minister James Heappey stated that the mini-budget was approved by the entire cabinet.

He stated that the full cabinet had agreed to it before it was submitted to the Commons, and he also continued to make the case for the Ministry of Defence to preserve its promised money, despite the fact that Chancellor Jeremy Hunt was expected to tell all government departments to find savings.

Now, Pat McFadden, Labour’s shadow chief secretary to the Treasury, has said the “frank admission” that ministers approved the disastrous mini-budget showed the Conservatives had “lost all economic credibility”.

“They couldn’t run a bath let alone a major G7 economy,” he said.

“They have put a Tory premium on people’s mortgages and reduced the UK to nervously watching its gilt yields day by day.

“Labour will match the financial stability the country needs with a proper plan for growth based on the efforts of the whole country, not tired and failed trickle-down economics.”

 

[forminator_poll id="710479"]

Latest stories

Check out Cristiano Ronaldo’s val’s day message to his girlfriend Georgina Rodriguez

Cristiano Ronaldo recently shared a throwback photo of himself...

Ghana’s Mawuko Kuadzi wins Best Casting Award at prestigious Artios Ceremony

Mawuko Kuadzi, the celebrated Ghanaian casting director and CEO...

Termination of post-Dec 7 appointments unjust and illegal – NPP to NDC

The opposition New Patriotic Party (NPP) has strongly criticized...

Ghana to prioritize self-sufficiency in food production – Mahama

President John Dramani Mahama has revealed Ghana’s plan to...

Dropping cases without Mahama’s approval is a dangerous precedent – Dame to A-G

Former Attorney General and Minister of Justice, Godfred Yeboah...

Otumfuo at the forefront of traditional measure to check Bawku conflict – Defence Minister

Defence Minister, Dr. Edward Omane Boamah, has acknowledged the...

Related stories

“I still consider it my biggest failure” – Bill Gates on life after divorce

Bill Gates is speaking candidly about his divorce from Melinda French...

Kanye West reclaims title as wealthiest rapper, surpassing JAY-Z

Kanye West has reportedly reclaimed the title of the...

Meta offers TikTokers $5,000 to join Facebook, Instagram

Social media giant Meta has offered to pay up...

About 1,600 Capitol riot defendants pardoned by Trump

President Donald Trump has issued pardons or commuted sentences...

LIVESTREAMING: Swearing-in ceremony for Donald Trump

Today marks the beginning of Donald Trump's second term...

Inauguration Day schedule for Trump’s swearing-in ceremony today

Donald Trump will take the oath of office today...

WhatsApp to stop working on these devices in 2025

WhatsApp will soon cease supporting 18 Android models and...