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What do with think will be in Labour’s budget?

574 replies

tenpairsofshoes · 12/10/2026 19:04

They don’t seem to be giving much away but any indication that they might help kickstart the economy or are we just going to get £2 bus fares, £45 off our elec bill a year and petrol prices on google map? None of Labour polices seem to help anyone that is really struggling but isn’t in receipt of UC! I’m speaking as a single mother who is trying to sell a property to move on with my life but can’t. Yes I know I’ve very fortunate to have bricks and mortar but that doesn’t mean I’m loaded (because the property isn’t worth much)! I feel like everyone is expecting the chancellor pull a rabbit out of a hat but I think we’ll all be very disappointed/pissed off!

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Electra10E · Yesterday 18:06

Unpaid household council tax bills have soared to a record £7.4bn, official figures have revealed.

Arrears have risen by £782m in the past year as families struggled with the cost of living crisis, according to analysis by the Centre for Social Justice (CSJ) think tank.

It will add to pressure on John Healey, the Chancellor, who presents his maiden Budget next week, to stop families falling deeper into debt.
Households are facing increases in their bills, with the average band D council tax in England having risen by £111 to £2,392 in April, a jump of 4.9 per cent.

Papyrophile · 23/10/2026 21:41

I don't believe that the Labour party has much drive to govern. There are opinionated politicians everywhere, but I don't actually think most are willing to govern. It sometimes means telling your constituents that they can't have everything they want.

EEexpat · 23/10/2026 17:01

@Badbadbunny

I think the conservatives would have lost in 2024 even if they had not bungled COVID. Maybe not by as much.

They lost 7 million votes compared to 2019. The turnout in 2024 was 3 million less than in 2019 and Reform won 4 million votes in 2024. So, there is the 7 million difference.

Although Labour more than doubled seats in 2024 from 203 to 412, they actually received fewer votes than in 2019. Such are the quirks of the FPTP system in the UK.

Badbadbunny · 23/10/2026 16:27

@EEexpat

COVID started in 2020, many businesses disappeared. Russia invades Ukraine in 2022. Hamas 2023. Conservatives lose in 2024.

The Tories had no control over the latter events, but they made serious mistakes with covid, especially Sunak excluding 3 million self employed, small businesses, etc from support schemes which caused far more businesses to fail than if they had been properly supported. Small businesses/self employed were likely to have been Tory voters, but the 3 million excluded were never going to vote for Sunak after he screwed them over.

BIossomtoes · 23/10/2026 16:23

Precisely, that was exactly my point.

EEexpat · 23/10/2026 14:22

@blossomtoes

It appears to be both more fickle and less rational than that. Essentially the situations in August and October are very similar yet the public reaction to them is different. Psychologically it’s an interesting point.

Mrs Thatcher was doing badly in the poll before the Falkland war in 1982. After UK won, her poll ratings soared. Conservatives won the 1983 general election with a large majority. Enough to keep them in power until 1997.

Maybe she was seen as a hero which proved the British bulldog spirit couldn’t be broken?

Similarly, are governments ousted due events they can’t control, but are blamed for anyway? The financial crash was in 2008. Labour lost in 2010.

COVID started in 2020, many businesses disappeared. Russia invades Ukraine in 2022. Hamas 2023. Conservatives lose in 2024.

BIossomtoes · 23/10/2026 13:12

Electra10E · 23/10/2026 11:15

Thats fair, I apologise.

Without wishing to state the bleeding obvious.

Conflict is inflationary, as are tariffs, as is AI capex and adoption, as are ageing demographics, as is rearmament etc etc

Monetary policy is tightening for a reason.

And its why Burnham is fiddling with bus fares and standing charges etc

The COL crisis is simply not going to ease in the short term, as it’s broadly supply side.

Edit: for context I sit in a number of areas of finance where I see credit deterioration and asset values declining as well as energy costs.

Edited

Apology accepted, thank you.

Everything you say is true and all those things absolutely impact the economy, both domestically and globally but they seem not to be the things that most affect public confidence. It appears to be both more fickle and less rational than that. Essentially the situations in August and October are very similar yet the public reaction to them is different. Psychologically it’s an interesting point.

Electra10E · 23/10/2026 11:15

BIossomtoes · 23/10/2026 11:01

Instead of just posting caustic one liners, why not explain why I’m wrong?

Thats fair, I apologise.

Without wishing to state the bleeding obvious.

Conflict is inflationary, as are tariffs, as is AI capex and adoption, as are ageing demographics, as is rearmament etc etc

Monetary policy is tightening for a reason.

And its why Burnham is fiddling with bus fares and standing charges etc

The COL crisis is simply not going to ease in the short term, as it’s broadly supply side.

Edit: for context I sit in a number of areas of finance where I see credit deterioration and asset values declining as well as energy costs.

BIossomtoes · 23/10/2026 11:01

Electra10E · 23/10/2026 10:56

La La Land.

The difference between real world/lived experience, I suppose.

Instead of just posting caustic one liners, why not explain why I’m wrong?

EasternStandard · 23/10/2026 10:57

Badbadbunny · 23/10/2026 10:36

It's also a fact that it's highly probably (given recent memory) that the GE WILL be called before then.

Politicians will call it when it looks the best time for them, not for the country, so if they know that there's more bad news incoming and there's a chance they may win "now", they'll call it now.

I wouldn't be at all surprised if Burnham calls a GE within the next few months as there's nothing but bad news on the horizon. He's probably already regretting not calling it during his "Summer bounce".

Edited

TikTok vibes are going to be harder to sell when that summer bounce is gone.

Electra10E · 23/10/2026 10:56

BIossomtoes · 23/10/2026 09:53

The macroeconomic global situation hasn’t changed since August. War was ongoing in Ukraine and the Middle East then. The rise in economic confidence was attributed to the World Cup and holidays.

La La Land.

The difference between real world/lived experience, I suppose.

BIossomtoes · 23/10/2026 10:46

Four out of the last seven parliaments (since 1997) have run full term. I think your wish for Burnham to call an election outweighs the probability.

Badbadbunny · 23/10/2026 10:36

BIossomtoes · 23/10/2026 10:23

The fact remains that there is no necessity for a GE to be called before June 2029 and every aspect of the world could - and probably will - look very different by then and at many points in between.

It's also a fact that it's highly probably (given recent memory) that the GE WILL be called before then.

Politicians will call it when it looks the best time for them, not for the country, so if they know that there's more bad news incoming and there's a chance they may win "now", they'll call it now.

I wouldn't be at all surprised if Burnham calls a GE within the next few months as there's nothing but bad news on the horizon. He's probably already regretting not calling it during his "Summer bounce".

BIossomtoes · 23/10/2026 10:23

The fact remains that there is no necessity for a GE to be called before June 2029 and every aspect of the world could - and probably will - look very different by then and at many points in between.

Badbadbunny · 23/10/2026 10:11

BIossomtoes · 23/10/2026 10:09

Can I remind you that we’re almost three years out from a GE? If public confidence can undergo such a dramatic change in two months just imagine how it can change in two years. It’s completely meaningless at this point. I might start taking it seriously if there’s a trend of lack of confidence but there isn’t currently.

Most GE's in recent memory have come earlier than full term! It's fairly rare for the GE to happen at the end of it's natural term.

Look at Gordon Brown, who may well have won a GE had he called it early, but screwed up by delaying it.

BIossomtoes · 23/10/2026 10:09

Badbadbunny · 23/10/2026 10:03

Rational or not, it's peoples' perceptions that win elections. So whether the worldwide economic position has changed or not over those months, the politician's can't ignore how people perceive things, as THAT is what wins/loses elections.

Can I remind you that we’re almost three years out from a GE? If public confidence can undergo such a dramatic change in two months just imagine how it can change in two years. It’s completely meaningless at this point. I might start taking it seriously if there’s a trend of lack of confidence but there isn’t currently.

Badbadbunny · 23/10/2026 10:03

BIossomtoes · 23/10/2026 09:53

The macroeconomic global situation hasn’t changed since August. War was ongoing in Ukraine and the Middle East then. The rise in economic confidence was attributed to the World Cup and holidays.

Rational or not, it's peoples' perceptions that win elections. So whether the worldwide economic position has changed or not over those months, the politician's can't ignore how people perceive things, as THAT is what wins/loses elections.

BIossomtoes · 23/10/2026 09:53

Electra10E · 23/10/2026 09:38

Look at the macro, Blossom.

What do you see, globally?

The macroeconomic global situation hasn’t changed since August. War was ongoing in Ukraine and the Middle East then. The rise in economic confidence was attributed to the World Cup and holidays.

Electra10E · 23/10/2026 09:38

BIossomtoes · 23/10/2026 09:35

In what way? It’s clear that public confidence in the economy is a fickle beast when it’s swayed by something like the World Cup. That’s why I give it little credence.

Look at the macro, Blossom.

What do you see, globally?

BIossomtoes · 23/10/2026 09:35

Electra10E · 23/10/2026 09:31

You are way behind the curve, dear.

In what way? It’s clear that public confidence in the economy is a fickle beast when it’s swayed by something like the World Cup. That’s why I give it little credence.

Electra10E · 23/10/2026 09:31

BIossomtoes · 23/10/2026 07:49

Public confidence was riding high in August. That quote is from the the Guardian. It’s amazing how confidence can change so quickly when basically nothing else has.

https://www.theguardian.com/business/2026/oct/23/uk-consumer-confidence-falls-fastest-since-covid-cost-of-living

https://www.theguardian.com/business/2026/aug/11/consumer-confidence-world-cup-uk-holidaying-lift-summer-spending-barclays-survey

You are way behind the curve, dear.

NorthXNorthWest · 23/10/2026 09:29

EEexpat · 23/10/2026 07:20

@NorthXNorthWest

You cant possibly have. Everyone know that once a house is paid off there are no more associated costs.

There are ongoing upkeep costs such as:

Replace light bulbs
Replace worn out carpet
Replace appliances
Boiler service and repair and replacement when they become beyond repair
Keep gutters clean

The list could on

It might not have been clear but I was being sarcastic.

So much hatred and vitriol for pensioners. They have a paid off house, they have a pension they have savings... blah, blah, blah.

I would hope that someone who had worked for 40 years would have accrued more that a twenty or 30 year old. Its not rocket science.

Raiderofthelostbattenburg · 23/10/2026 08:48

BIossomtoes · 23/10/2026 07:49

Public confidence was riding high in August. That quote is from the the Guardian. It’s amazing how confidence can change so quickly when basically nothing else has.

https://www.theguardian.com/business/2026/oct/23/uk-consumer-confidence-falls-fastest-since-covid-cost-of-living

https://www.theguardian.com/business/2026/aug/11/consumer-confidence-world-cup-uk-holidaying-lift-summer-spending-barclays-survey

Yes, the drop is definitely not good news for the Chancellor and I’m sure it will make walking the tight rope of the budget harder, but my understanding is that it’s the drop that is especially steep, not that confidence itself is historically low.

Consumer confidence has been in the negative since 2016 (for understandable reasons, if you look at the world) but we’re nowhere near the lows it plummeted to under Liz Truss, so to frame it as a problem that’s unique to Labour is definitely wrong.

EasternStandard · 23/10/2026 07:47

Badbadbunny · 23/10/2026 07:43

The survey is about the economy, not people being noisy on buses.

Well yeh. Not sure why that needs a post. Obviously. We also have a PM focusing on buses.