Analysis: Labour banking on voters not feeling benefit of improving economic picture
By Darren McCaffrey, political correspondent
The Conservatives have something to cheer about.
Yes, you heard that right – they really do.
After a miserable weekend for the government, new data later this month is likely to show the economy grew recently, marking the official end to a shallow recession last year.
Inflation is set to continuing falling and maybe, just maybe, the Bank of England might cut interest rates.
Overall, as many of the macroeconomic gauges are starting to improve, the Conservatives are claiming the economy is “turning the corner”.
This leaves Labour in a bit of pickle.
In a speech today (see 10.04 post), Rachel Reeves was forced to accept “things could happen this month” that don’t fit into the narrative that the economy is going to hell in a handcart.
So the message today has changed.
Yes, there is lots of data that does not make good reading for the government – debt…
