TOMORROW’S Budget will be presented, like all of its kind, as a success story.
The government will announce significant-sounding spending commitments to tackle issues like the backlog in NHS operations and its readiness to lift the freeze on public-sector pay, but within a framework of spending restraint.
As in the spring, Chancellor Rishi Sunak may prove capable of wrongfooting the opposition in the process. Then, a mooted rise in corporation tax tricked Keir Starmer into loudly opposing such a move, undermining Labour’s claim to stand for a redistribution of wealth; having watched the party take the bait and infuriate its core supporters, Sunak then announced a sufficient delay to the proposal to render it hypothetical and irrelevant.
Burnham urged to raise taxes on banks after Barclays reveals 30% rise in pre-tax profits
Only an ambitious programme of state-led investment can restore growth and improve living standards, argues MICHAEL BURKE
The 2025 Budget shores up the PM’s political position with headline-grabbing welfare U-turns, but with no improvements on offer to declining public services or living standards, writes MICHAEL BURKE



