Analysis: Rachel Reeves attempted to balance big spending plans with a commitment to value for money
While Rachel Reeves did not actually use the soundbite “prudence for a purpose” first coined by Gordon Brown, she might as well have done.
The shadow chancellor’s speech to the Labour party conference in Brighton was all about balancing a series of seemingly contradictory ideas: how to convince voters that she can be trusted to run the economy, while at at the same time putting forward some striking new policies; how to keep the party faithful happy, while at the same time reassuring business.
