Budget 2025 – financial tinkering, not economic transformation

The 2025 Budget has been characterised as a classic “tax and spend” Labour budget.

However, Professor Iain Begg points out in the LSE Politics and Policy Blog that Labour’s supposedly flagship policy of “growth” was conspicuously absent from the Budget’s announcements. While the Budget’s financial tinkering and redistributive measures will appease parts of Labour’s constituency, they won’t ultimately aid the country’s economic transformation.

Iain Begg was also interviewed by CGTN Europe on this topic. Discover the video below.