Labour Faces Economic Backlash as Voter Confidence Plummets

[Social Media]

 

A third of Labour voters have lost confidence in the economy following Chancellor Rachel Reeves’s sweeping tax increases and the decision to strip millions of pensioners of winter fuel payments. A survey by Ipsos reveals that more Labour supporters have been disheartened by her policies than reassured, with just 29 percent believing the party has improved the economy, while 26 percent remain undecided.  

 

Overall, 52 percent of Britons feel more pessimistic due to Reeves’s economic decisions, compared to only 14 percent who are more optimistic. Additionally, around half of the public expects unemployment to rise this year. According to Gideon Skinner of Ipsos, although many support increased NHS spending, "the public remain unconvinced about the overall direction of the economy under Rachel Reeves’s stewardship." He added, "The fact that half of Britons believe she is doing a bad job as Chancellor, coupled with widespread pessimism about rising unemployment, should sound alarm bells in Downing Street."  

 

A significant 50 percent of the public feel less confident about economic growth as a result of Reeves’s policy choices. While she has attempted to highlight investment and long-term economic planning, voters continue to feel the financial strain. This widespread discontent poses a challenge for Prime Minister Sir Keir Starmer, who secured a parliamentary majority with a modest 34 percent vote share.  

 

Businesses, too, are reeling from Labour’s economic strategy. Confidence among company leaders has plummeted following the unexpected £25 billion National Insurance hike in October’s Budget. Many in the private sector had assumed such a tax increase had been ruled out in Labour’s election manifesto.  

 

Recent surveys from the Bank of England indicate that more than half of business leaders plan to offset at least part of the tax hike by reducing staff, while a similar percentage intend to increase prices to pass the burden onto consumers.  

 

Defending her policies, Reeves insisted they are part of a broader strategy to reverse years of economic stagnation. "It’s not possible to turn around more than a decade of poor economic performance in just a few months. But we are doing what is necessary to bring stability back to the economy," she said. "We need to go further and faster in doing that, to turn around our poor growth performance and to make working people better off."  

 

Older voters have been especially critical of Labour’s handling of the economy. Nearly three-quarters of those over 55 have lost confidence since Starmer took office, compared to just under a third of 18 to 34-year-olds. With economic anxiety growing and businesses expressing uncertainty, Labour’s leadership faces mounting pressure to restore public trust.

 

Based on a report by Daily Telegraph  2025-02-19

 

 

[Thingamabob]

Too many polls these days. In this case, popular or not, labour has a huge majority and will serve its' full term. Polls are irrelevant at this point and, anyway,  are quite often inaccurate.

[JonnyF]

5 hours ago, Social Media said:

29 percent believing the party has improved the economy, while 26 percent remain undecided.  

 

It seems mental health is a more serious issue in the UK than I had imagined.

 

Rachel from accounts with her fake CV and her budget for recession will set the UK back years. Just as Labour want it. 

[superal]

She will give a Spring statement on March 26 and is expected to increase personal income tax and other taxes . All forecasts from industrialists and the financial sectors are gloom and doom . The scary thing is , how much damage could she do if allowed to run the full term ? 

About to happen is a battle with the farmers , unless she does a U turn .

Labour is changing the planning laws to allow easy planning for the building of 1.5 million new homes . These new homes are needed by the first time buyers but there is hearsay that the majority will go to immigrants . The UK building industry stated that they are 100,000 builders short at the moment which means that the people to build these homes will be recruited from abroad . In order to achieve this Starmer is negotiating with the E.U. to allow free movement of labour . Homes ? In order to hit the 1.500000 target there will be many blocks of flats in rural areas . You ain't seen nothing yet . 

    Just because a political party is elected , it should not give them a free hand to destroy the country . You would think that there would be laws in place to oversee  the governments questionable actions  that may cause damage to the country and secondly to ensure that election pledges are kept and not statements to win votes .

[Purdey]

A missed opportunity to state how many old people have died following the cut in winter fuel payments.

Maybe the numbers aren't in yet but still, you can't complain about pensioners not receiving their winter fuel payments without evidence that a hundred have died as a result. 

[Red Forever]

More far right Torygraph drivel.

[JonnyF]

18 minutes ago, Red Forever said:

More far right Torygraph drivel.

 

More diversion by attacking the source. 

[Sir Dude]

20 minutes ago, Red Forever said:

More far right Torygraph drivel.

 

Lol... there is no center-right party in the UK, the choice is hard left (Labour) and Liberal lite (Tories)... there hasn't been a real conservative party in the UK for over 30 years. The closest we are coming to that is Reform, and it's getting more popular all the time, as people are waking up to the BS they have been handed to for so long.