Labor blasts desperate Tory leadership candidates for 'taking the flamethrower' on their own terms

Shadow Chancellor Rachel Reeves hit out at candidates who made a series of pledges, saying the public witnessed a 'Tory raffle tax cuts, with no explanation of what public services would be cut or how they would be paid"

Shadow Chancellor Rachel Reeves says the Tories' claim to be the party of economic responsibility has been "ripped to pieces" (

Image: Resolution Foundation)

Labour's finance chief today slammed a 'Tory raffle' of uncosted tax cuts by rival leadership candidates.

Shadow Chancellor Rachel Reeves blasted candidates who made a series of promises without explaining what they planned to cut.

She told a central London audience: 'Any lingering sense that the Conservatives are the party of economic responsibility has been shattered in recent days.

"Instead of putting in place serious plans to help people deal with the cost of living crisis, just as we hear terrifying estimates of what will happen to energy bills in October, we presents us with an extraordinary spectacle of a Conservative raffle of tax cuts, with no explanation of which public services would be cut or how they would be paid for."

Ms Reeves continued: 'The level of unfunded tax cuts announced this week would blow a massive grip on public finances.

The Labor leader accused the Tory candidates of throwing a 'flamethrower' at their own rules (

Picture:

Resolution Foundation)

She accused Tory leadership candidates of taking a 'flamethrower' over fiscal accountability rules that were only approved in January - pledging to stick to her own policies with "ironclad discipline".

The Labor leader, speaking at a Resolution Foundation conference in Westminster. said: "All of the Tory leadership candidates backed the government's budget rules when they were passed in January, but now they are ready to throw a flamethrower at them.

"I have set out the fiscal rules that will bind the next Labor government.

"Ru...