Economics’ old guard gangs up on Rachel Reeves’s spending plans | Phillip Inman

The shadow chancellor had plans to invest in infrastructure and more, but the weight of expert economic disapproval is wearing her down as the election nears

One by one, they stamp all over your dreams. In this election year, the dashed hopes will belong to Rachel Reeves. In 2010 the victim was Alistair Darling.

Reeves wants to increase spending on the UK's crumbling infrastructure should Labour win at the polls. Her commitments have become less ambitious as pressure mounts from mainstream economists and those in high finance worried about current debt levels escalating.

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