Keir Starmer pounced on on the Sterling crisis today claiming Labour is now the party of ‘sound money’ as he delivered his keynote speech to activists.
The party leader is telling the party faithful in Liverpool that Liz Truss and Kwasi Kwarteng have ‘lost control’ after the Pound dived to a new record low against the US dollar.
Although it has since clawed back some ground, Sir Keir said the chaos showed that the Tories no longer own the economic battleground – urging voters not to ‘forgive’ or ‘forget’.
He is also expected to channel Tony Blair by saying that Labour is the ‘political wing of the British people’ – underlining the extend to which the hard-Left has been marginalised after the Corbyn years.
Sir Keir said: ‘We can’t go on like this. What we have seen in the past few days has no precedent.
‘The government has lost control of the British economy – and for what? They’ve crashed the Pound – and for what?
‘Higher interest rates. Higher inflation. Higher borrowing. And for…