Rachel Reeves has sunk UK economic system. Labour’s subsequent blunder will do worse | Personal Finance | Finance | EUROtoday

Chancellor Rachel Reeves did not waste time. Our economic system was the quickest rising within the G7 within the six months earlier than Labour took energy, rising a stable 1.2%.

She rapidly put a cease to that. It flatlined within the first three months of her tenure, and appears set to shrink when figures are printed for the ultimate three months of 2024.

Reeves clearly is not as much as the job however her incompetence is just a part of the story. Ultimately, Labour has launched an idealogical assault on the UK economic system.

At coronary heart, the left would not belief the non-public sector. It sees massive enterprise as a fountain of capitalist greed and exploitation, and an enormous driver of inequality.

It’s solely function is as a money cow to fund the general public sector.

So Reeves talked up about £22 billion black gap to justify to launch her punitive Budget tax, whereas by some means discovering £9billion for public sector pay hikes.

This is a large switch of wealth from non-public to public sector, the place productiveness hasn’t grown since 1997, regardless of climbing 40% within the non-public sector.

Now Labour is about to launch one other idealogical assault, and this one will inflict way more long-term harm.

We do not have a lot to indicate for 14 years of Tory rule, however there was one success story.

Schools reform has paid off in spades.

The Tories restored conventional instructing strategies and self-discipline, one thing mother and father have been demanding for years.

The outcomes are excellent.

In 2009, faculties in England produced dreadful outcomes for maths. Our 15-year-olds had been twenty seventh on the earth, based on the PISA rankings.

Since then, they’ve shot as much as eleventh place.

It’s the identical story for an additional studying. Our youngsters have jumped from a lowly twenty fifth place to a extra respectable thirteenth.

For science, they’ve jumped from sixteenth to thirteenth.

Obviously, there’s nonetheless a protracted method to go. But it is nonetheless an excellent enchancment.

With grim inevitability, hard-left instructing unions resisted very important reforms each step of the best way. Unfortunately, the unions are again in cost and the impression will likely be horrible.

Labour has proven its true ideological colors by slapping VAT on non-public college charges. It’s additionally clamping down on excellence in our state faculties.

Education Secretary Bridget Phillipson has wasted no time in caving into the unions, by permitting lecturers to earn a living from home. Yes, you learn that appropriately.

Labour has cancelled the subsequent wave of free faculties. It has weakened Ofsted college inspections and plans to make it more durable for faculties to exclude disruptive pupils.

Now it is appointed a left-wing educational who’s beforehand criticised the latest “obsession with academic achievement” in control of a curriculum overhaul.

You learn the appropriately, too.

Her title is Becky Francis and he or she’s a professor of schooling and social justice. She’s rewriting the curriculum to make it match what she calls the “issues and diversities of our society”.

Labour is stuffed with nonsense about de-Westernising and de-colonising our schooling system, and can likely vilify any mother and father who protest.

It’s a battle on excellence, utilizing our youngsters as cannon folder. And we’ll pay the value as requirements fall and our indoctrinated youngsters slide again down the academic rankings.

Like Labour’s battle on the economic system, the battle on schooling is deliberate. It may very well be essentially the most harmful factor this authorities does. And the competitors for that title is fairly stiff.