Labour Budget Backlash Deepens as Public Trust Erodes
LONDON – A post-Budget survey reveals growing public dissatisfaction with the Labour government’s economic policies, fueled by revelations of misleading statements regarding the state of public finances. The data indicates a significant preference for reduced public spending over tax increases, and a widespread belief that the country is heading in the wrong direction.
The survey, conducted following the recent Budget declaration, found that 56 per cent of respondents favour less spending on public services, compared to 33 per cent who support tax hikes and spending rises. This discontent is compounded by a prevailing pessimism about the UK’s economic future,with 75 per cent believing the country is on the wrong track and 56 per cent anticipating economic deterioration in the coming year.
Critics argue the budget failed to deliver concrete measures to stimulate economic growth, despite the government’s stated focus on this objective. The situation has been further inflamed by the Office for Budget Responsibility’s disclosure that it informed Shadow Chancellor Rachel Reeves of a £4 billion surplus almost a month before the Budget – prior to public statements highlighting a precarious financial position. This revelation has led to accusations of political manipulation and a loss of trust, with even some ministers reportedly admitting they were misled.
The shifting political landscape may benefit the Conservatives. While Reform UK maintains a lead in primary vote intention at 31 per cent (down four points in the last two months), thier momentum has slowed. The Conservative party has seen a one-point increase to 20 per cent, and Labour a two-point rise to 19 per cent. Following her response to the Budget,Kemi Badenoch has emerged as the preferred Prime Minister,garnering 41 per cent support compared to Keir Starmer’s 32 per cent.
The initial positive reception of the Budget has quickly dissipated, leaving the Labour leadership facing increased scrutiny and a challenging political environment.
matthew Lesh is country manager at Freshwater Strategy.
