After a period of anticipation, the Budget cast a shadow over Westminster for months. However, on Wednesday night, a gathering at Parliament’s Strangers Bar saw MPs, ministers, and Government aides come together to celebrate. A minister remarked, “It’s a positive day, and we should acknowledge such moments.”
Labour has faced challenges recently, with concerns about Keir Starmer’s leadership, internal unrest, and declining poll numbers. Despite a turbulent lead-up to the Budget and the unexpected leak of crucial details, the Chancellor presented a budget that offers hope to struggling households.
Labour MPs welcomed measures aimed at assisting families facing financial difficulties, such as the removal of the two-child benefit limit, projected to uplift 450,000 children out of poverty. They also braced for criticism from conservative circles regarding the Chancellor’s £26 billion tax initiative.
A Labour MP emphasized the party’s commitment to addressing child poverty, recognizing the complexity of the issue amidst potential opposition. The Budget primarily focused on stabilizing public finances and ensuring market stability, with minor controversies emerging regarding financial projections.
Efforts were made to strengthen the Government’s rapport with MPs and dispel uncertainties surrounding the Prime Minister and the Chancellor’s future, a move that seems to have succeeded, at least temporarily. The Budget’s reception appeared positive, with MPs expressing satisfaction with the Chancellor’s strategic approach.
Sharon Hodgson, MP for Washington and Gateshead South, praised the Budget as a demonstration of the positive impact a Labour administration can have. Downing Street reiterated its dedication to assisting struggling families, emphasizing the importance of addressing the cost of living challenges.
While the Budget has garnered support within Labour ranks, upcoming elections in various regions pose challenges. The threat from Reform remains significant, highlighting the ongoing battle to restore the country’s public services.
The Budget has earned Mr. Starmer and the Chancellor much-needed support within Labour, although uncertainties persist on the horizon.