‘Rishi’s recession’: Reeves seizes her moment to take the economic high ground

Shadow chancellor’s No 10-style press conference given extra credence by decision to drop £28bn green pledge, Labour sources say

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As she stood beside two union flags in a wood-panelled room, it looked as if Rachel Reeves had stepped into Rishi Sunak’s own press conference room in Downing Street – a deliberate move.

The shadow chancellor had been preparing for this moment for months, warning of the heightened risk of recession ever since the last quarter’s GDP figures showed negative growth.