It has taken six weeks, but already the government has lost control of public finances. The decision to award train drivers a pay rise of 15 per cent spread over three years, and backdated, without any requirement to reform outdated working practices, won’t break the government’s piggy bank on its own, but is has set a course which, once again, will end with a Labour government leading the country to fiscal ruin – as every single Labour government has done before.
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