Britain didn’t vote Labour just to get a new iron chancellor | William Keegan

Rachel Reeves once spoke about long-term borrowing for vital projects. Now she seems to embrace the spirit of Thatcherism

Can somebody please tell the Labour party that they won the election? Most people I know are relieved and delighted that the Conservatives have got their comeuppance; but the relief that Labour is finally back in office is tempered by apprehension that the spectre of Philip Snowden is haunting them all these years later.

An iron - Labour - chancellor almost 100 years before Rachel Reeves (briefly in 1924 and then between 1929 and 1931), Snowden, after early popularity with the party and the trade unions, became a victim of the Treasury view" of the day: balance the budget at all costs, rather than balance the economy.