Does Rachel Reeves believe in capitalism?
Thursday 17 July 2025 5:43 am|Updated:Wednesday 16 July 2025 12:50 pmRachel Reeves ploughed ahead with her party’s changes to the non-dom regime at last year’s Autumn BudgetThe Chancellor can’t do the biggest things she needs for growth because she can’t escape her own ideology, says Helen Thomas
Spin only gets you so far in the business world. Action has to back up rhetoric or the game will be found out. This is the main difference between business and politics: the former is about what works whereas the latter is about what sells. The most powerful leaders in each world adopt a little bit of both, whether it’s Trump’s tax cuts to Make America Great Again or Jamie Dimon’s ruthlessly successful acquisitions. The UK Chancellor is trying to move from the tearful reality of her fiscal constraints...