The article highlights the challenges faced by Keir Starmer’s government, suggesting it behaves like a caretaker administration despite being newly elected. Early cost-cutting decisions, particularly affecting pensioners, stirred opposition and underscored the challenges of fiscal discipline. The article discusses how the government aimed to reposition itself as a stable investment environment, promising increased spending in crucial areas to stimulate growth. The upcoming spending review is deemed critical, with ambitious budget increases that contrast with previous austerity measures, aimed at rejuvenating the economy amid potential public dissatisfaction.
A government this young should not look so old... the government already moves with the plodding gait of a caretaker administration.
The early display of unsentimental cost-cutting by the chancellor was meant to show that Labour was serious about fiscal discipline.
This week's spending review is meant to be a pivotal moment in the execution of that plan. There will be increases in capital and day-to-day spending by 113bn and 190bn respectively.
Prudently rationed public resources would be deployed in ways that stimulate growth - upgrading transport and energy infrastructure; housebuilding.
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