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Reeves swings her wrecking ball as more jobs go, mortgages rise and inflation returns

The article from Express.co.uk discusses the potential economic impacts of Labour's proposed policies under Rachel Reeves, which critics argue could act as a "wrecking ball" to the UK economy. According to the article, these policies might lead to increased inflation, higher mortgage rates, and job losses. Critics, including former Tory minister David Jones, warn that Reeves' plans could undo the economic stability achieved by the Conservative government, predicting a return to high inflation rates similar to those seen in the 1970s. The article highlights concerns over Labour's intention to borrow more for public spending, which could fuel inflation, and their plans to impose new taxes and regulations on businesses, potentially stifling economic growth and leading to higher unemployment. Additionally, there are fears that these policies would increase the cost of living for ordinary Britons, with mortgage rates expected to rise as a result of economic instability.

Read the Full Daily Express Article at:
[ https://www.express.co.uk/finance/personalfinance/1982640/Reeves-Budget-wrecking-ball-jobs-go-mortgages-rise-inflation-returns ]