Rachel Reeves claims she has the worst economic inheritance of any UK chancellor since the second world war. When it comes to the state of the public finances, she has reason to complain, according to economists.
“You have really high taxes, really high debt and yet you have this big need to increase spending,” said Stephen Millard, deputy director at the National Institute of Economic and Social Research. “That is where the government can legitimately claim that they have a particularly bad inheritance.”
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