Meanwhile, it might have taken a while for voters to become aware of some of the bad news buried in the Autumn Statement and the accompanying report from the OBR – such as the fact that living standards were predicted to fall by a record seven per cent over the course of the next two years. That was not a figure that Mr Hunt included in his speech.
True, support for Labour appears to have done no more than hold steady . However, that still means that Labour’s lead is now put at between 22 and 27 points. Trouble is, the market reaction to Mr Kwarteng’s “fiscal event” and the subsequent financial and political turmoil has given Labour a ready stick with which to beat the Conservatives. Even though much of the immediate financial damage of that event may now have been reversed, Labour only have to remind voters of the turmoil created by the short-lived Truss administration’s “growth strategy” to suggest that the Conservatives are to blame for the economic pain they are now having to endure.
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