The Conservatives crashed the economy by promising enormous, unfunded tax cuts to those who earn millions and the very richest companies. We have forced the government to U-turn on the issue of tax cuts for the wealthiest.  

But the economic mess caused by Tory incompetence over the last few weeks will unfortunately be with us for a long time. This includes higher prices and higher mortgage rates for years to come. 

I raised this in Parliament on 13th October, as part of my weekly speech as Shadow Leader of the Commons.  

I believe the Tories need to publish the OBR forecasts, reverse this kamikaze budget and drop their dangerous obsession with failed ‘trickle down’ economics. 

This isn’t some global issue, as Tory MPs keep repeating in media interviews. It happened as soon as the government stood up and announced their ‘mini-Budget’. They’ve damaged the UK’s reputation and that leaves us all worse off. 

The Tories’ trickle-down economics is a fantasy world where the rich even richer and some of it trickles down to the rest of us. With Labour you will get responsible finances, strong fiscal rules and fair, long-term growth.