Labour's Christmas party looks like it won't be quite so jolly this year as the UK economy slips further into reverse gear. The latest numbers paint a bleak picture: growth is slowing, unemployment is on the rise, and businesses are refusing to invest. It's a toxic cocktail that has all the hallmarks of a recession.
But Labour's response? Procrastination. A culture of delay and indecision has taken hold in Whitehall, where departments produce reports outlining problems and frameworks for solutions – only to freeze when it comes to implementing them. It's like watching paint dry.
The latest example is the business rates regime, which has been slapped together by Treasury officials without proper road testing. Small pubs and hotels will be among the worst hit, with some facing a 500% increase in business rates. The #taxedout campaign outside local taverns is a painful reminder of the damage that can be done.
Farmers are also feeling the pinch, as new inheritance tax (IHT) levies are set to take effect next April. Many will struggle to pass on their land to their children, with some already saying that the changes will lead to farm sales to private equity firms or foreign businesses.
But why? Because Labour's leadership has adopted a two-term project approach, which prioritizes endless meetings and delayed decision-making over short-term economic needs. This is at odds with the demands of Keir Starmer's advisers, who want every decision put through an election scanner to check for unintended consequences.
The result is a Whitehall in disarray, where proposals are stuck in limbo and businesses are left to pick up the pieces. The economy may get a Christmas present – albeit a small one – but for now, Labour's procrastination has brought the country's economic health to a grinding halt.
But Labour's response? Procrastination. A culture of delay and indecision has taken hold in Whitehall, where departments produce reports outlining problems and frameworks for solutions – only to freeze when it comes to implementing them. It's like watching paint dry.
The latest example is the business rates regime, which has been slapped together by Treasury officials without proper road testing. Small pubs and hotels will be among the worst hit, with some facing a 500% increase in business rates. The #taxedout campaign outside local taverns is a painful reminder of the damage that can be done.
Farmers are also feeling the pinch, as new inheritance tax (IHT) levies are set to take effect next April. Many will struggle to pass on their land to their children, with some already saying that the changes will lead to farm sales to private equity firms or foreign businesses.
But why? Because Labour's leadership has adopted a two-term project approach, which prioritizes endless meetings and delayed decision-making over short-term economic needs. This is at odds with the demands of Keir Starmer's advisers, who want every decision put through an election scanner to check for unintended consequences.
The result is a Whitehall in disarray, where proposals are stuck in limbo and businesses are left to pick up the pieces. The economy may get a Christmas present – albeit a small one – but for now, Labour's procrastination has brought the country's economic health to a grinding halt.