Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

Labour pledges have left chancellor boxed in for budget

The Guardian Weekly

|

October 18, 2024

Frustration grows among ministers forced to delay plans until after Rachel Reeves speech

- Toby Helm

Labour pledges have left chancellor boxed in for budget

Last Saturday Keir Starmer and his government had been in office for 100 difficult days. Far-right riots, rows between top officials in No 10, a furore over freebies in an administration claiming to be in the service of the nation. Starmer now refers to them as "choppy days" he insists will not push him off course.

For cabinet ministers in big spending departments, another frustration has mounted since they celebrated winning a landslide on 4 July: waiting for the budget. New governments - Labour's in 1997, and the Tory/Lib Dem coalition in 2010 - have tended to hold their first budgets in double-quick time to set direction and establish a clear sense of purpose.

The first budget by this Labour government will not happen until almost four months after it came to power, on 30 October. Under the fiscal transparency system Labour decided to bring in to restore confidence after Liz Truss, the Office for Budget Responsibility has had to be given time to look over the figures, do forecasts and check everything stacks up. All the while ambitious members of the cabinet have been tearing their hair out.

Reeves has, they say, locked herself away in the Treasury, agonising over what to do. "We can't get anywhere near her," one cabinet colleague said. "We can't get past Darren," they said, referring to Darren Jones, the chief secretary to the Treasury, who is Reeves's number two and effective gatekeeper.

MORE STORIES FROM The Guardian Weekly

The Guardian Weekly

The Guardian Weekly

Heaven made

With a towering new album about female saints in 13 languages, Rosalía is pop's boldest star-and one of its most controversial

time to read

6 mins

November 14, 2025

The Guardian Weekly

The Guardian Weekly

How Milei's 'chainsaw' cuts have hit the most vulnerable

Argentinians are used to the large rubbish containers in Buenos Aires.

time to read

3 mins

November 14, 2025

The Guardian Weekly

The Guardian Weekly

"The Peace Corps volunteers were just doing small things. Not what really needed to be done'"

On school holidays, when he went back to his village, David began to notice unwashed young Americans hanging out with his friends and family.

time to read

10 mins

November 14, 2025

The Guardian Weekly

Bumpy ride

Epic western with a brilliant plot is let down by having one eye on literary immortality

time to read

3 mins

November 14, 2025

The Guardian Weekly

The Guardian Weekly

Smash it up: finding new ways to use up excess lasagne sheets

I've accidentally bought too many boxes of dried lasagne sheets. How can I use them up? Jemma, by email

time to read

2 mins

November 14, 2025

The Guardian Weekly

The Guardian Weekly

The best way to end this '6-7' obsession? Adults get on board

Don't tell your kids, but “6-7” is Dictionary.com’s “word of the year” for 2025.

time to read

3 mins

November 14, 2025

The Guardian Weekly

Net zero gains A Cop30 minus Trump is better than one with a US wrecking ball

For years, countries around the world pressed the US to engage with them in addressing the climate crisis and to show it was serious about taking action.

time to read

2 mins

November 14, 2025

The Guardian Weekly

The Guardian Weekly

'Matt's too sexy for my show'

As his scandalous novel The Death of Bunny Munro lands on our screens, Nick Cave and the show's star Matt Smith discuss Kylie, bad dads and child actors

time to read

5 mins

November 14, 2025

The Guardian Weekly

The Guardian Weekly

When the president is groped in public, women know who to blame

'Machismo in Mexico is so fucked up not even the president is safe,\" said Caterina Camastra, a professor and feminist, when I talked to her in Morelia, a city west of the Mexican capital last week.

time to read

3 mins

November 14, 2025

The Guardian Weekly

The Guardian Weekly

Zohran Mamdani built the greatest field operation by any political campaign in New York's history-by getting citizens to talk to each other.Can Democrats learn from his success? 'Unstoppable force' that drove victory

A WEEK BEFORE ZOHRAN MAMDANI'S convention-shattering victory in the New York City mayoral election, members of his vast army of youthful volunteers were amply aware of what was at stake.

time to read

8 mins

November 14, 2025

Listen

Translate

Share

-
+

Change font size