Being interviewed at Labour conference this morning, Chancellor Rachel Reeves has dared the country to ‘judge me on my record’. The Prime Minister lost control over his economic policy when his MPs forced him to drop plans to cut welfare spending earlier this year. Instead of higher spending, they want the bloody stumps of tough spending cuts. Spenders versus cutters, Burnhamites versus the Bond market, 156 versus £111 billion. The Burnhamites will win, rejoicing at higher taxes on banks, gambling and the so-called wealthy.