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Crucial Budget must repair the public's trust in Labour
The Independent
|November 25, 2025
Tomorrow, the chancellor of the Exchequer will unveil the new Budget.
It is more than a set of fiscal decisions - it is a moment to restore confidence and put this Labour government back on track. And it is a chance to reassert our Labour values and Labour vision for the country after what has undoubtedly been a turbulent first 18 months.
Trust is vital in politics. It is the trust of the public that gives a government the authority to legislate. And it is the trust of our businesses that will be vital in our drive for economic growth.
But over recent years, trust has been stretched thin: trust from the public, trust from business, and trust in the ability of political leadership to deliver stability and growth.
We all know the damage done to business trust through the debacle of the process of leaving the EU, Boris Johnson's “fuck business” attitude and the economically illiterate self-destruction of the Liz Truss mini-Budget. But if we’re honest, the strains of ending that failure have also damaged confidence between Labour and too many businesses.
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