budget | Novara Media

Tag: budget

A woman walks in high heels carrying a red box

Analysis: The Budget Is Socialism for the Rich, Austerity for the Poor

James Meadway

With her record-low corporation tax and below-inflation benefit rises, Labour’s first woman chancellor has indeed made history: by passing up a historic opportunity to fix Britain, writes James Meadway.

A woman gives a thumbs up

Opinion: Rachel Reeves Has a Miracle Cure for Britain: ‘Growth’

James Meadway

Two percentage points of economic growth would mean an extra £24bn in taxes - but Britain’s public services need an extra £142bn a year just to restore 2000s standards. Put this way, the chancellor's fixation on growth appears delusional, writes James Meadway.

Jeremy Hunt, the chancellor, poses with a red budget box

Analysis: Budget 2024: Keir Starmer Just Walked Right Into the Tories’ Trap

James Meadway

With nothing new left to say, Jeremy Hunt used his last budget to set Labour up to fail, writes James Meadway.

a man with short grey hair, a white shirt and light blue tie sits at a table with children drawing. He looks worried

Opinion: Does Jeremy Hunt Hate Children?

Edie Miller

The chancellor’s recent budget announcement of 30 hours of free childcare for one and two-year-olds is too little, too late.

Jeremy Hunt at Downing Street. REUTERS/Hannah McKay

Opinion: Jeremy Hunt’s Budget Didn’t Crash the Economy Again. So Why Aren’t Tories Pleased?

Tom Peters

The budget was a departure from the government's strategy of actively causing chaos and instability, writes Tom Peters.

Protesters hold a Don't Pay campaign banner during the demonstration at Victoria Embankment. Thousands of people from various groups took part in The People's Assembly Britain is Broken march through Central London demanding a general election, an end to Tory rule, and action on the cost of living and climate crisis.

Analysis: If You Thought 2022 Was Bad for Your Bank Balance, Just Wait for the Sequel

James Meadway

You’ll be poorer, the planet hotter. On the upside, the working class will be readier than ever to take on the crisis that is 2023.

Kwasi Kwarteng speaking to the House of Commons. Source: Parliamentlive.tv

Report: Mini-Budget: Attacks on Trade Unions, Tax Cuts for the Rich

Simon Childs

Chancellor Kwasi Kwarteng first 'mini-budget' was slammed by left-wingers, but delighted a neoliberal lobby group.

The Chancellor Rishi Sunak visits Gunnersbury Park Sports Hub, a government funded sports facility in west London, where he helped with a grassroots football training session and was presented with an England shirt

Analysis: The Tories Expect Massive Public Demands on the Cost of Living Crisis. Why Aren’t We Making Them?

James Meadway

Rishi Sunak knows his spring statement was a failure and is already bracing for pushback. Let’s exploit his weakness, writes James Meadway.

Image shows UK prime minister Rishi Sunak standing at the dispatch box in the House of Commons. He is wearing a black suit, a white shirt and a grey tie.

Opinion: Putin Didn’t Create the Cost of Living Crisis

Ell Folan

Amid skyrocketing energy bills and regressive tax hikes, rightwing commentators have found an easy scapegoat in Ukraine. Yet the crisis long preceded Putin’s invasion, Ell Folan explains.

Novara Live: What’s in Rishi Sunak’s 2021 Budget?

Rishi Sunak's budget may have come with some big spending pledges, but it's nowhere near enough to undo a decade of austerity.

Novara Live: John McDonnell’s Message to Rishi Sunak

Rishi Sunak will this week deliver a budget and spending review that will shape how Britain rebuilds following Covid-19. We speak to former shadow chancellor John McDonnell about what he thinks should be in it.

The Bastani Factor: Rishi Sunak Found the Magic Money Tree

After 2010 British politics was shaped by one idea above all others: austerity. We were told that there wasn’t enough money to pay for EMA, university fees, council housing or even the existing range of benefits. And yet the government’s response to Covid-19 demonstrates the extent to which that was a political choice rather than […]

Rishi Sunak laughing

Analysis: After All the Hype Over Budget 2021…That’s It?

James Meadway

Rishi Sunak wants to appear radical while cementing the status quo - and unless the left presents an alternative, he will, writes James Meadway.

Novara Live: What’s in Rishi Sunak’s Budget?

Does Rishi Sunak's budget speech show the Tories have finally dumped Osbornomics to instead channel John McDonnell?

Rishi Sunak standing on the steps of Number 10 Downing Street with his red box

Opinion: Now Isn’t the Time for a General Tax Hike – We Need to Target Those Who’ve Profited From the Pandemic

Ann Pettifor

The left must be wary of flatly equating tax increases with post-pandemic recovery. In today’s budget, Rishi Sunak should go after the few whose wealth has increased over the past year, argues economist Ann Pettifor.

Novara Live: Starmer Outflanked by Tories on Corporation Tax

Labour have confirmed that if Rishi Sunak raises corporation tax at next week's budget, they will vote against it.

Opinion: Sunak’s Spending Review Is a Drop of Water in a Desert – the Left Must Demand More

James Meadway

From divide-and-rule public sector pay freezes to ripe-for-corruption local spending schemes, Sunak's plan is radically insufficient for our current crisis. The left must forward an alternative, and quick, writes James Meadway.

Opinion: Sunak is Making up His Own Rules to Give Bosses a Handout – the Left Needs a Smart Response

James Meadway

The chancellor overruled his own officials to drive through his Job Retention Scheme Bonus despite significant financial, political and social risks. But challenging the government's 'corporate welfare' agenda in favour of workers' welfare will require a new stategy, argues James Meadway.

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