The true cost of Labour’s Budget is impossible to calculate
No sombre music accompanied Rachel Reeves’s Budget, nor was there a reading from Corinthians. Yet, those details aside, one point is surely clear: Labour’s first Budget in 14 years was a requiem for entrepreneurial Britain. The four decades from the Thatcher reforms of the early 1980s, that turned the UK into one of the best places, at least in Europe, to start and build a company, are now officially over. Britain’s economy will be a lot poorer thanks to the Labour government. In Labour land, entrepreneurs might as well not exist True, the Budget might not have been quite as bad as some of the advanced speculation suggested. Even so,
