November 26, 2025

Budget 2025

This Budget shows what’s possible when Labour hears and heeds the voices of its mainstream.

Scrapping the two-child benefit limit, allowing local government to levy its own funds further, reforming property taxation to unlock revenue and promote fairness: these are the sorts of Labour policies that the country needs.

Of course, we must go even further to tackle the cost of living and lay the foundations for a new economic settlement. At the very least and as a start, this will require:

  • Further, transformative reform of our tax system
  • Wider decentralisation and fiscal devolution
  • Public, democratic ownership of essential utilities

Winning a green, equitable and people-powered economy will only be possible if Labour embraces pluralism and debate, and draws upon the energy of its whole movement to build a transformative democratic socialist platform. We'll continue to fight for this, and for a more open and inclusive party to achieve it, together.