British Prime Minister Kiir Starmer and his wife, Victoria Starmer, are interacting with holders of the Labor Party and activists at 10 Downing Street, following the election results, in London, Britain, July 5, 2024.
Toby Melville Reuters
One year has passed since the Labor Party has returned to power in a ground victory that appears to have shown that the party had handed over a new paper after 14 years in the opposition.
But the past 12 months have been less than the screaming of British Prime Minister Kiir Starmer.
The big promises, especially in the economy, failed to achieve them, and as a result, the popularity of Starmer decreased in the polls. When he became Prime Minister a year ago, 44 % of the voters Poll by Ugov He had a positive opinion of Starmer. By May of this year, this number decreased to a record level of 23 %, although its classification has been improved since then, as it is 28 % in June.
The main task of the government was to start growth in the beginning and make people better, but commercial and productivity and creating jobs are still silent – by pressing partially, by increasing the wage of the national wage and national contributions to employers.
Meanwhile, the costs of borrowing and inflation are still in mind.
Despite the growth of the UK more than expected in the first quarter, economists expect to get worse from here, especially since the impact of the definitions made by US President Donald Trump is suspended in the balance.
Meanwhile, Chancellor Rachel Reeves pledged to reform public financial resources, but her pledge to exclude both the tax increase to workers and any increase in borrowing She left her in a difficult situation.
Ultimately, the Reeves period of a series of rotation emerged on luxury, spending in “Spring Statement” and speculation about whether it will be in the job by the end of the year.
The upcoming difficult decisions
With a small maneuvering space, analysts now see an increasing possibility of the new tax height in the “autumn budget” – when the following consultant determines the imposition of taxes and spending for the government – in a move that is unlikely to gain work with voters.
“When it comes to autumn budget, whatever the counselor, they will have some really difficult decisions,” Simon Betawi, chief economist at the decision organization, told CNBC on Wednesday.
“Adherence to the current financial rules is very important, which indicates credibility and confidence in the market. There may be a mixture of high taxes and low spending at the end of the prediction period may be the way forward.”
Regardless of local issues, it can be said that the Labor Party has found more success on the international theater with the government that provides a triple kick of “historic” commercial deals with India, the United States and the European Union.
While many political commentators praised these developments as major breakthroughs, the general economic impact still must be seen.
It was not enough to restore the reviews of the Labor Party on the right track. Kerr Starmer’s popularity with the public fell to the lowest level in MayAccording to the Yugov scan.
“I think re -relations with the European Union is important. (There is a long way to cut it with that, but this brings us back to a reasonable path, and I think it (Starmer) has managed this very difficult task of working with President Trump, in reality.”
“We have the commercial deal, and it has been isolated as historical, and I will not call it. It mainly limits the damage that would have caused Trump in our trade. All this requires eating a lot of modest pie.”
He added: “You have to make these decisions aware of what is in the national interest, and therefore trying to ride this tiger is the right thing to do, and it has done so well so far.”
The risk of reform
At the same time, Starmer’s popularity achieved great success, gaining the party’s competitor in the United Kingdom. The last Yougov poll shows that the Nigel Farage party is on its way to get most of the seats, if this year’s elections are conducted.
Waves Nigel Farage, UK leader, after his election to become a Clacton MP at the Clactun Count Center at Clacton-ON-CEA, East England, early in July 5, 2024.
Henry Nichols AFP | Gety pictures
“The emergence of reform clarifies the level of discontent with politics and political results,” said Recruvte.
“I think there is always a danger that the reaction of the political classes to reduce its policies in response to this type of popular pressure, thus not making the difficult decisions required to deal with the problems that lead this discontent. Therefore, I think policy making as usual will not be sufficient to deal with the basic regret that leads to increased reform.”
But although expectations may be for labor, with the passage of another four years until other public elections, Starmer may still have time to change the ship.
“So this question is due to this question, will the work government, with that big majority, will underestimate this moment and make some of the changes that this country requires to give people a feeling that we are on the right track again?” , He asked Rycroft.
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