A year after the Labor electoral victory, he sails on a difficult path

It has been a year since the Labor Party returned to power in a landslide victory which seemed to show that the party had given a new sheet after 14 years of opposition.

But the last 12 months have nothing less than tumultuous for British Prime Minister Keir Starmer.

The major promises, especially on the economy, have failed to materialize and, therefore, the popularity of Starmer has dropped in the ballot boxes. When he became Prime Minister a year ago, 44% of the voters questioned by Yougov had a favorable opinion on Starmer. In May this year, this figure had fallen to a record level of 23%, although its note has since improved, by 28% in June.

The government’s main mission was to launch growth and make people improved, but one year, commercial optimism, productivity and job creation remain in misunderstanding – under the pressure in part by an increase in national wages and national employers’ insurance contributions.

Meanwhile, high borrowing costs and inflation continue to weigh on household finances.

Although the United Kingdom is increasing more than expected in the first quarter, economists expect it to worsen from here, especially since the impact of the prices of American president Donald Trump is at stake.

Meanwhile, Chancellor Rachel Reeves has promised to repair public finances, but her commitment to exclude the two tax increases on workers and any increase in borrowing left her in a difficult position.

In the end, Reeves’ mandate stood out for a series of U rounds on well-being, discounts of spending in its “spring declaration” and speculation to find out if it will be in work by the end of the year.

With little room for maneuver, analysts now see a growing perspective of new tax increases in this “fall budget” – when the chancellor then defines the government’s taxation and expenditure plans – in a move, it is unlikely that we will take favor of work with voters.

“Regarding the fall budget, whatever the chancellor, they will have really difficult decisions to make,” Simon Pittaway, principal economist at Resolution Foundation on Wednesday.

“Getting care for existing budgetary rules is really crucial, which would indicate credibility and market confidence. A higher tax combination and lower expenses towards the end of the forecast period could be the way to follow,” he added.

Aside from national problems, the Labor Party has undoubtedly had more success on the international scene, the government offering a triple blow of “historic” commercial transactions with India, the United States and the EU.

While many political commentators have praised these developments as major breakthroughs, the overall economic impact remains to be seen.

It was not enough to put the notes of work on the right track. The popularity of Keir Starmer to the public fell to a record hollow in May, according to a Yougov investigation.

“I think that resetting relations with the European Union is important. [There’s a] Abandonment to follow, but it brings us back to a sensible track, and I think he [Starmer] Has managed this incredibly difficult task to work with President Trump, really skillfully, “said CNBC Philip Rycroft, former permanent secretary of the European Union on Wednesday.

“We have the trade agreement, and it was deceived as historical, and I would not call it thus. It essentially limits the damage that Trump would have caused otherwise to our profession. And all of this required the consumption of a much humble pie,” noted Rycroft.

“You must make these decisions aware of what is in the national interest, and therefore trying to set up this tiger is the right thing to do, and he has done so far,” he added.

At the same time as Starmer’s popularity has taken a hit, Rival Party Reform UK is favorable. The recent Yougov survey shows that the Nigel Farage festival is on the way to obtain the most seats, if an election took place this year.

“The rise in power of the reform illustrates the level of disaffection with policy and political results,” said RyCroft, who noted that “this should be repairable by a good development of policies, but it will take time”.

“I think there is always a risk that the reaction of political classes to reduce their policies in response to this kind of popular pressures, not taking the difficult decisions that are necessary to deal with the problems that stimulate this disaffection. So, I suppose that the reform policy will not be sufficient to deal with the underlying dissatisfaction that stimulates the reform.”

But as bad as the prospects can be for work, with an additional four years until another general election, Starmer may still have time to return the ship.

“So that comes back to this question, the Labor government, with this vast majority, will he grasp the moment and will he make some of the changes that this country needs to give people the feeling that we are on the right track?” Asked Rycroft.