Mel Stride on the cost of instability
Britain is paying more to borrow than any other major Western economy. So why is Labour preoccupied with internal power struggles? In a special live address, Shadow Chancellor Mel Stride delivers his account of Britain's fiscal predicament and the Conservative Party's plan to fix it.
Our borrowing costs are the highest in the G7, higher even than Portugal, Spain and Greece – not primarily because of the deficit or the debt stock, but because Britain has become an inflation outlier, and markets are pricing in the risk that the situation gets worse.
When Josh Simons stepped aside for Andy…
The skinny
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