Conservatives could lose all 45 ‘red wall’ seats
Plus a break down of what to expect in the budget later today
Will that famous Red Wall tumble? A new poll carried out by Channel 4 and JL Partners shows that if there was an election tomorrow, the Conservatives would be completely wiped out in all 45 of the so-called red wall seats.
A push over for Labour? Not so fast. The survey also reveals there’s not a lot of love for Sir Keir Starmer and his leadership. But with bad news for the Tories ahead of today’s Budget – can they use the next 20 months to turn things around?
The last time Savanta conducted the same research, in September, it showed the Conservatives holding onto Prime Minister Rishi Sunak's Richmond constituency, as well as the traditionally safe Tory seats of Thirsk & Malton and Skipton & Ripon. The latest poll figures come after the political parties held their Autumn conferences and predicts the Conservatives will lose 296 seats across the UK in the next general election.
Before lefties get too excited, polls are polls. This means things always depend on the day, besides there is still a good period between now and the general election. So many things can still happen, including today’s budget.
What to expect from the Spring Budget 2023 – any room for good news?
There is no denying that Jeremy Hunt’s Autumn Statement speech last November was a dour affair, relying on freezes to tax allowances and bands to raise future tax revenue. But with both the Chancellor and the Prime Minister keen to demonstrate that they are more than caretakers in their roles until the next General Election, can we expect any significant announcements on 15 March?
Energy bills
Mr Hunt has said the increased government borrowing as a result of rising energy bills means that he is unlikely to be able to make "significant" tax cuts. However, he is under pressure to help households who are struggling to make ends meet.
The main point expected to come from the Budget is help with energy bills. Currently, the government is limiting the energy bill of a typical household to £2,500 a year under its energy price guarantee.
Childcare costs
Families on Universal Credit could get more help with childcare costs by receiving childcare funding upfront instead of having to claim it back. Separately, the Sunday Times has reported that the amount that parents on universal credit can claim for childcare could rise.
Help for businesses
According to The Indepenent, Mr Hunt will announce up to 12 new low-tax investment zones in an attempt to continue leveling up areas outside of London. The chancellor is expected to reveal 12 zones around universities.
When is the Budget?
The Budget will be delivered by Jeremy Hunt, the chancellor of the exchequer, on Wednesday, March 15th. The speech, expected to start at around 12:30, will last around an hour and will be followed by a response from Sir Keir Starmer, the leader of the opposition.
We will be watching and will try to summarize the main takeaways after.
M.T. Omoniyi
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