Can the unity built between the Camden People’s Alliance and the Green Party make an electoral breakthrough on the PM’s home territory this week? ANDREW MURRAY talks to some of those involved
WITH plans to “unashamedly champion Britain’s financial services sector,” cut down on “10,000 pages of regulation,” and impose no windfall taxes on banks despite their record profits, it came as little surprise that a Labour government will not reinstate the cap on bankers’ bonuses.
In July last year, for example, Natwest announced half-year profits of £3.58 billion, up from £2.6bn the previous year.
Imagine how much they and the other profiteering banks will be paying in bonuses to people who will have contributed nothing towards the higher profits, which were simply made by the exploitation of British customers, delaying an increase in savings rates after raising them for borrowers immediately after the Bank of England announced hikes in the base rates.
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



