Britain’s Economic Arbiters Call Foul on Labour: Marcus Ashworth

Chancellor of the Exchequer Rachel Reeves is in a mess of her own making, trapped between the rock of growing establishment disapproval versus the force of left-wing Labour backbenchers heady on their victory blocking welfare cuts.

Don’t mistake the understated politeness of recent messaging from the august institutions central to economic policymaking: There is a clear but firm pushback at the direction of the year-old Labour government.

This isn’t aimed at Reeves per se because it’s all about the numbers not adding up and a lack of a viable plan. Replacing an individual wouldn’t solve anything and could make the dire situation worse. Nonetheless, ...