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Rachel Reeves’ 2025 Budget has already collapsed under the weight of its own contradictions. In this video, I explain why tax rises on ordinary people, baseless growth forecasts, and a refusal to tax wealth fairly mean this Budget will fail — and fail fast. Neoliberalism promised growth. It has delivered stagnation and inequality. This is more Tory policy by another name.
By Richard MurphyRachel Reeves’ 2025 Budget has already collapsed under the weight of its own contradictions. In this video, I explain why tax rises on ordinary people, baseless growth forecasts, and a refusal to tax wealth fairly mean this Budget will fail — and fail fast. Neoliberalism promised growth. It has delivered stagnation and inequality. This is more Tory policy by another name.