Labour’s lead over the Tories in running the economy has dropped significantly since the election, with just 38% now backing Labour compared to 33% for the Conservatives. Chancellor Rachel Reeves has faced criticism for controversial decisions, leading to a decrease in personal approval ratings from plus seven to minus 18. Polling by Savanta shows Labour’s lead on key issues like cost of living and taxation has also decreased, with many voters no longer trusting the party on these issues.
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As Labour frustration grows, could OBR forecasts be cut to once a year?
Figures in No 10 are expressing concerns that the Office for Budget Responsibility’s (OBR) twice-yearly reports undermine Rachel Reeves’ plan to abolish the spring statement. Previously, Labour had pledged to uphold the OBR as a vital institution, but after a challenging spring statement, there is growing skepticism within the party about its role. While Labour MPs are voicing discontent, the fiscal rules remain intact, leading to significant frustration with the OBR, which is seen as...
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