In a blistering critique that has reignited the debate over the UK's recent economic turmoil, Labour's Wes Streeting has squarely placed the blame for the nation's financial distress on the doorstep of former Prime Minister Liz Truss.
The Shadow Health Secretary did not mince words during a recent interview, accusing Truss and her short-lived government of engaging in what he termed "casino economics." This high-stakes gamble, he argues, didn't just fail—it actively blew a £30 billion hole in the country's budget, a devastating legacy that continues to cripple public services and family finances.
The Mortgage Fallout for Families
Streeting emphasised the very real human cost of the September 2022 mini-budget chaos. He pointed to the skyrocketing mortgage rates that followed, which have left countless homeowners and buyers facing thousands of pounds in additional annual repayments. This, he stated, is the direct consequence of the government's loss of credibility on the world stage, forcing the Bank of England to take drastic action to restore stability.
"People are paying higher mortgages every month because of the damage the Conservatives have done to the economy," Streeting declared, framing it as a central issue for the upcoming general election.
A Political Battle Line
The attack signals a clear political strategy from Labour. By relentlessly linking the current economic pain of voters to the actions of Truss and the Conservative Party, they aim to solidify their lead in the polls. Streeting's comments underscore a promise to be responsible stewards of the economy, contrasting sharply with what they portray as Conservative recklessness.
This narrative is set to be a cornerstone of Labour's campaign, reminding voters that political decisions in Westminster have tangible and severe consequences for their wallets and livelihoods.
