The same story also covered by Skwawkbox: https://skwawkbox.org/2024/08/24/labours-net-public-approval-collapses-like-starmers-in-just-3-weeks/
The same story also covered by Skwawkbox: https://skwawkbox.org/2024/08/24/labours-net-public-approval-collapses-like-starmers-in-just-3-weeks/
I wonder if that’s because they have showed no sign of stopping austerity.
Right now, they can’t.
Money has gone, opportunity for very cheap borrowing (which is what a sane government would have grasped enthusiastically grasped in the wake of the last crash instead of breaking out to exploit everyone harder) is gone.
Maybe, if Reeves is given scope to do her shit, this country can not merely stall the accelerating decline, but turn stuff around.
Nothing is more vital right now & for some time than keeping faith against the odds that that can happen.
There is nothing to lose by trying to hold our nerve.
To “turn stuff around” you have to change direction. So far she’s doubling down. Committing to the same direction.
The October statement is critical. She has to say what she’s doing different, and why it will sow the seeds of change.
You may be right about interest rates but there is a vast amount of existing money in the UK which is simply serving itself rather than being directed towards public investment. Austerity is a political choice imo.
To the surprise of no-one on the actual left.