内容摘要：Over the years, improvements have been made to footpaths and car parking.

Over the years, improvements have been made to footpaths and car parking.

Unlike recent Conservative debates on economic policy, the Labour Party has one big asset.In 2022, when Liz Truss decided to go big, with a radical tax-cutting agenda, the Conservative Party had no consensus on how to approach the economy.

The 2022 leadership election in which Truss defeated Rishi Sunak was essentially a clash of economic ideas.She won that argument with Tory members, having lost it among the party's MPs - and then lost it unambiguously with the public and the markets within 49 days.The Labour Party, give or take some sotto voce debates about tax for the wealthiest and welfare for the poorest, does broadly have an economic consensus, especially when it comes to what the Conservatives did wrong.

But what if these shared beliefs in how best to run the economy turn out to be products of the low interest rate era?And how do you maintain that consensus if the markets disagree?

This is a political worst case scenario for Reeves.

Asking influential Labour figures about the markets this morning was to be told that lines go down as well as up, that the markets can move the other way in rapid time.On top of that, there has been a fall in international applications this year after visa restrictions were introduced in January preventing postgraduates bringing their partner or children.

We won’t know the true impact of that in England until later this autumn, when an update from the Office for Students on university finances is expected.Across England, job losses and cutbacks in courses are visible, in some cases reducing student choice through reducing modules or closing courses.

Such is the scale that most universities are affected.A group of academics at Queen Mary University London have been attempting to keep a rolling tracker of the jobs and courses at threat.