Chancellor Rachel Reeves faces a daunting task with the autumn budget on November 26, 2025, as Labour contends with a £30 billion fiscal deficit and political turmoil.
Rising borrowing costs, with 30-year government debt at a 27-year high of 5.72%, and a weakening pound exacerbate economic concerns.
Economist Mohamed El-Erian warned of a “doom loop” unless Reeves delivers a credible growth plan.
The resignations of Angela Rayner over a tax scandal and Baroness Poppy Gustafsson as investment minister have weakened Labour’s economic credibility, with Tory critics like Andrew Griffith slamming the government’s appeal to investors.
Keir Starmer’s reshuffle aims to stabilize his leadership, but internal dissent and Nigel Farage’s attacks on free speech policies add pressure.
Reeves emphasized fiscal discipline and investment in a social media video, acknowledging public struggles with high bills.
The budget’s success is critical for Labour to restore confidence amid a challenging economic and political landscape.
Rising borrowing costs, with 30-year government debt at a 27-year high of 5.72%, and a weakening pound exacerbate economic concerns.
Economist Mohamed El-Erian warned of a “doom loop” unless Reeves delivers a credible growth plan.
The resignations of Angela Rayner over a tax scandal and Baroness Poppy Gustafsson as investment minister have weakened Labour’s economic credibility, with Tory critics like Andrew Griffith slamming the government’s appeal to investors.
Keir Starmer’s reshuffle aims to stabilize his leadership, but internal dissent and Nigel Farage’s attacks on free speech policies add pressure.
Reeves emphasized fiscal discipline and investment in a social media video, acknowledging public struggles with high bills.
The budget’s success is critical for Labour to restore confidence amid a challenging economic and political landscape.
