• we cover more than 1,000 news per day, in 2 languages, and 83,000 stocks
Light Dark
it
italian it
english en

The Guardian view on Labour’s economics: relax those fiscal rules | Editorial

www.theguardian.com 15-09-2024 05:30 2 Minutes reading

Keir Starmer made exacting promises on borrowing. Now he either breaks them – or makes more cuts and bleeds popularity

Most Labour MPs would not have wanted 1.6m pensioners with disabilities to lose their winter fuel payments because of government cuts. But they didn’t know, because a partial assessment of the measure’s impact was only released on Friday evening, three days after they voted on it in the House of Commons. Last month the chancellor claimed spending cuts were “not the choices I wanted to make or expected to make”. The result has been to suck buoyancy out of a government still less than 100 days old, and to boost the morale of its critics, including the Reform party.

As winter sets in and fuel bills go up, many people will go cold or hungry or both. Opponents of this government, in parliament and the press, will maintain a laser-like focus on pensioners suffering because they’ve lost their fuel allowance. Ministers can expect their expense claims to be scrutinised to see how much they’ve received for heating their homes. It’s a good thing Sir Keir Starmer is reconciled to being unpopular, because his approval ratings are unlikely to pick up much this side of Christmas.

Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.

Continue reading...

Info

Related news
UK house price predictions for 2025: with pay risi...
21.12.24 12:00
by theguardian.com

UK house price predictions for 2025: with pay rising and rates falling, they’ll...

Nothing seems to stop the relentless march of property values, even with a stamp duty increase looming

It’s been a bumpy ride for the housing market in recent years, after Liz Truss’s disastrous mini budget of September 2022 created a surge in borrowing costs that have cost many households dearly.

But despite elevated mortgage and rent costs, the market this year has turned out to be “surprisingly resilient”, according to Nationwide building society. Experts had expected house prices to stay flat or fall, but average prices are expected to have risen by more than 3% in 2024, after falling by 1.4% in 2023.

Continue reading...

Sentiment
-0.76
Bearish/Bullish
0