Budget 2025: Best and Worst Outcomes for Labour
The stakes are high for Labour as Budget 2025 unfolds. On the positive side, the Chancellor’s removal of the cap on benefits for larger families has uplifted Labour MPs, enabling a stronger narrative around supporting the less fortunate. The upcoming speech by the Prime Minister will frame this policy as crucial for both social equity and economic stability.
However, the worst-case scenario looms with public sentiment largely against increased taxes and stagnant growth forecasts. The backlash against a partial U-turn on workers’ rights highlights internal strife, potentially harming Labour’s cohesion. Ultimately, while Labour may solidify its identity, sustaining public trust remains a significant challenge amidst a struggling economy.