Yes, after years of "talking right, but governing left", the Tories left the public finances in a mess.

But Labour then acting in a deeply irresponsibly mannter - hiking borrowing and spending much more.

If Reeves and her ideologically-driven acolytes double-down, and think they can ignore what the markets are saying, then, as I have been warning for many, many months, we do face a return to 1976 – with the UK facing a fully-blown sovereign debt crisis and the prospect of an international bail-out.

🧵 5/5