Ministers look at blueprint for economic overhaul amid fears cost of living could hand election to far right

🤖AI Özeti

Cabinet ministers are reviewing a blueprint aimed at radically transforming Labour's economic strategy and messaging. The proposed changes include devolving tax powers, abolishing national insurance, and reforming property taxes. Many MPs express frustration with the current communications strategy, which labels both Reform and Greens as extremists. There are growing concerns that failure to address the cost of living crisis could lead to a victory for far-right parties in the upcoming election.