https://morningstaronline.co.uk/article/ministers-warned-to-stop-the-rush-to-political-suicide

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Leading left MP and former shadow chancellor John McDonnell issued the warning to Rachel Reeves as the Chancellor returned from her China trip to confront the bond market crisis.

Mr McDonnell, presently suspended from the Labour whip for opposing the cruel two-child benefit cap, told BBC radio: “There is obviously a problem.

“There’s turbulence in the international markets, and we’ve just got to see those through.

“You don’t turn to cuts, certainly, because not only will that be politically suicidal, that would undermine the political support upon which Labour got elected.

“In addition to that, you would be taking demand out of the economy, and you would be looking at turning a crisis into a recession.

“So I think you just have to see through the turbulence in the markets.”

Mr McDonnell also reminded the government that voters matter more than markets.

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https://morningstaronline.co.uk/article/ministers-warned-to-stop-the-rush-to-political-suicide