Top Labour backer turns on party over Reeves’ ‘crippling’ Budget

Manchester: Sacha Lord, a key Labour supporter, is upset with Rachel Reeves. He says her Budget will hurt businesses and cost jobs.

In a strong letter, he warned he might leave the party. He’s unhappy with the chancellor’s tax increases and wants urgent changes.

Lord, who advised on Manchester’s night economy, is worried about the hospitality industry. He believes it’s in a tough spot and needs help.

He urged Reeves to act quickly to avoid serious damage. He feels the hospitality sector is vital for jobs and community life.

Lord mentioned that up to 9,000 pubs could close this year. He stressed that these businesses are important for local culture and economy.

He warned that if things don’t change, many more businesses will fail. He believes Labour will be held responsible for this crisis.

In his plea, he highlighted the hospitality sector’s role in economic growth. He believes it deserves support to prevent closures.

Reeves’ Budget raised national insurance and cut tax exemptions for farms. Critics say this will hurt working people and lead to job losses.

Some businesses, like Sainsbury’s, are already cutting jobs due to rising costs. They blame the new tax and wage increases from the Budget.

The Confederation of British Industry warns the economy is in trouble after these changes. They fear it could lead to a tough situation for everyone.

Reeves recently proposed measures to boost the economy, including a new runway at Heathrow. However, some supporters, like Dale Vince, disagree with this plan.