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politics13h ago
'Labour can hold heads higher after Budget - but there has been a huge change'
- Labour MPs celebrate the Budget as Reeves frames a cautious but hopeful economic path for hard‑pressed families.
- The budget aims to fix public finances and calm markets, with Reeves presenting a steady Labour stance.
- Some MPs say Reeves’ tone and 'I'm a Labour Chancellor' line boosted support within Labour ranks.
- There are lingering tensions about Reeves’ figures and size of the public finances hole among some MPs.
- Backbenchers say the Budget calms the bond markets and consolidates support for Starmer and Reeves in the near term.
- Labour faces potential electoral challenges in Scotland, Wales, and English local elections in May.
- No10 indicates the PM remains focused on helping families, reinforcing Reeves’ budget priorities.
- Some MPs credit Reeves with managing party unity and presenting a strong left‑right balance.
- The Budget is framed as delivering on child poverty reduction and market stability.
- Labour aides emphasize support from party figures like Sharon Hodgson who praised Reeves' handling.
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