Shadow Chancellor Rachel Reeves has launched a blistering attack on Donald Trump's economic approach, branding it "dangerous" for working people as she positions Labour as the party of fiscal responsibility.
The sharp criticism comes as Reeves prepares what could be Britain's first Labour budget in over 14 years, should the party win the upcoming general election. She explicitly warned against adopting the kind of policies championed by the former US president.
Stark Warning Against Trump Economics
In her strongest remarks to date, Reeves declared that Britain "must not go down the Trump road" of economic management. She emphasised that such approaches inevitably lead to higher inflation and mortgage rates, directly hurting ordinary families.
"The Trump experiment of huge tax cuts for the wealthiest, combined with protectionist trade policies, represents everything my responsible economic approach rejects," Reeves stated in an interview with The Independent.
Bank of England Independence Paramount
The potential future chancellor made clear that respecting the Bank of England's independence would be a cornerstone of her strategy. This stands in direct contrast to Trump's frequent attacks on the US Federal Reserve during his presidency.
"Politicians threatening central bank independence might create short-term headlines, but it leads to long-term economic pain for working people," Reeves argued, highlighting her commitment to institutional stability.
Preparing for Power
With Labour maintaining a consistent lead in opinion polls, Reeves and her team are intensifying preparations for government. She revealed that Treasury officials have already begun preliminary work on Labour's first budget, focusing on:
- Maintaining strict fiscal rules
- Boosting economic growth through investment
- Protecting households from economic shocks
- Ensuring long-term financial stability
The shadow chancellor's comments represent a clear attempt to distance Labour from populist economic policies while positioning herself as a steady hand for Britain's economic future.
