A close associate of the Chancellor, Rachel Reeves, has revealed the underlying logic behind the November budget, which increases the tax take by £26billion.‘It’s all about revenge,’ said the source. ‘The Tories handed the government a massive black hole, unfunded commitments, and an economy in really bad shape. As far as Rachel is concerned, it’s payback time.’‘She’s working on the basis that Labour will lose the next election. Probably to Reform or some other populist nationalist nihilist coal

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