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13min chapter
Budget 2024: Will Labour's gamble pay off?
The New Statesman | UK politics and culture
Labour's Crucial Budget: Risks and Rewards
This chapter examines the implications of an upcoming Labour budget, highlighting its potential significance and the associated risks of increased borrowing and market responses. It discusses the government's shift towards a more interventionist economic strategy that emphasizes social democracy and workers' rights, while addressing concerns about long-term growth forecasts and public service funding. The chapter also analyzes the political ramifications of proposed tax changes, focusing on how they impact different income groups and the challenges posed by Brexit.
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