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BBC political editor Laura Kuenssberg explained that the Conservative Party has a reputation for “looking after everyone’s money” but this could change as Chancellor Rishi Sunak gears up to unveil the November spending review. Ms Kuenssberg claimed that if the Tories lose this reputation, the public could look towards voting Labour in 2024. Speaking to BBC Radio 4 Today’s programme, Ms Kuenssberg said: “Government spending has soared in epic proportions under the party and a Chancellor who would certainly like to see it go the other way.
“There have been some moments when the Treasury has been reluctant to spend; extending the furlough scheme for example.
“They had to be pushed to do that.
“But remember when the pandemic first took its grip Rishi Sunak said this is no time for ideology and beyond a few skirmishes there has been very little dispute over the scale the Treasury has taken to keep shovelling cash out the door.
“But allies of his say he worries that if the Tories lose their reputation for looking after everyone’s money, why not just vote Labour next time?
“But pulling back or raising taxes seems off the agenda at least until next year, perhaps not until 2022.
“Then there’s the expectation that there would be more goodies on offer in the run-up to the election in 2024.
“Forgive me for skipping ahead to that but I think that’s what today is going to be part of, spelling out that overall backdrop.”
She added: “Rishi Sunak so far had a very good run politically, he’s been putting money out the door.
“But he’s going to become the deliverer of very bad news today and in the months to come and that could well change things for him politically.”
Mr Sunak is promising a multibillion-pound package to help hundreds of thousands of jobless back into work as he prepares to unveil his first Spending Review.
Ahead of his statement on Wednesday, the Chancellor said his “number one priority” is to protect jobs and livelihoods in the wake of the economic havoc wreaked by the coronavirus pandemic.
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The review will include £2.9billion over three years for a new Restart scheme designed to help more than a million unemployed people find jobs.
Under the programme, the Treasury said people who have been out of work for more than 12 months will be provided with regular intensive support tailored to their circumstances.
There will be a further £1.4billion of funding to increase capacity in Job Centre Plus to provide additional assistance to those looking for work.
Mr Sunak will also confirm funding for the next stage of his Plan for Jobs – including £1.6billion for the Kickstart programme, which the Treasury has said will create up to 250,000 state-subsidised jobs for young people.
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