Skip to main content

The Budget: harsh class reality lurks behind ‘working people’ rhetoric

The Budget: harsh class reality lurks behind ‘working people’ rhetoric
In the first of two articles, ROBERT GRIFFITHS argues that despite a parliamentary majority, Labour’s timid Budget fails to seize a historic opportunity and lacks the ambition needed to address Britain’s deep social and economic crises

AS a modern-day Aesop’s Fable might put it, Chancellor Rachel Reeves has laboured mightily and brought forth a mouse. With a majority of around 156 MPs at Westminster, her Budget on Wednesday missed a golden opportunity to begin fixing Britain’s big social and economic problems.

These include 14 million people in poverty (including four million children); six million patients on hospital waiting lists; 1,290,000 people and families on housing waiting lists; and public services run down or privatised.

Led by the Tories and their right-wing press, much of the public debate before, during and after Budget day focused on Labour’s plans to increase employers’ National Insurance contributions (NICs).

Class realities

Capital gains

War dividend

Back to austerity?

Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Features / 27 February 2025
27 February 2025
From McCarthy’s prison cells to London’s carnival, Jones fought for peace and unity while exposing the lies of US imperialism, says ROBERT GRIFFITHS, in a graveside oration at Highgate Cemetery given last Sunday
Features / 4 November 2024
4 November 2024
In the second of two articles on Labour’s weak Budget, ROBERT GRIFFITHS argues that Britain’s massive private wealth and offshore tax havens show clear potential for radical redistribution through progressive taxation
Features / 30 September 2024
30 September 2024
As the People's Republic turns 75, ROBERT GRIFFITHS details how British communists championed Chinese sovereignty against imperialism, weathering the political storms of the Sino-Soviet split and collapse of the USSR to rebuild relations for the modern era
Features / 19 September 2024
19 September 2024
The leader of the Communist Party of India (Marxist) rose from campus politics to become a key strategist in building coalitions, shaping India’s politics through skilled negotiation and an unwavering commitment to Marxism
Similar stories
Features / 4 November 2024
4 November 2024
In the second of two articles on Labour’s weak Budget, ROBERT GRIFFITHS argues that Britain’s massive private wealth and offshore tax havens show clear potential for radical redistribution through progressive taxation
Features / 2 November 2024
2 November 2024
Comparing Budget measures to fictional Tory plans rather than actual spending levels conceals continued austerity, argues DIANE ABBOTT MP, as workers face stealth tax increases to bear the cost of economic stagnation