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

"The current British economy rewards grifters and exploitation rather than hard work, and the current voter anger is fuelled by the belief that hard work and doing the right thing leaves many feeling shafted."

"Price controls and handouts actually accept the premise that things can't be fundamentally changed. The truly radical thing is taking on why the system is broken in the first place."

"Voters aren't turning to Reform and the Greens because they're becoming extreme. They're, fairly, concluding that the mainstream offer is managed decline and they'd rather roll the dice."

Labour ministers are reviewing a blueprint for a significant economic overhaul, including devolving tax powers and abolishing national insurance. The report warns that failure to address cost of living issues could lead to a hard-right government victory. Concerns about rising prices due to the Iran war are also noted. The report criticizes the current economy for rewarding exploitation over hard work, and suggests that voters feel disillusioned. It calls for a bolder approach to address systemic issues rather than accepting superficial solutions like price controls.

Read at www.theguardian.com