From: MPL Laycock, West Court, Hollins Hall, Killing hall.
When Rachel Reeves refers to 'the first Parliament on record with living standards lower than et the start' , she must realise that the main causes of this fall in living standards were an unforeseen coronavirus pandemic and measures designed to cope with it. Of course living standards have fallen because lockdown prevented millions of people from doing their normal work.
Rachel Reeves repeats a myth that Elizabeth Truss and Kwasi Kwarteng 'crashed the economy, sent mortgages spiralling and put pensions in peril'. Because of the poor timing of Kwasi Kwarteng's financial statement, he was wrongly blamed for mortgage interest increases that were already bound to happen. Incompetence by the independent Monetary Committee had kept interest rates unduly low for too long.
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