{"id":75054,"date":"2025-11-28T15:55:55","date_gmt":"2025-11-28T15:55:55","guid":{"rendered":"https:\/\/sheffieldwire.co.uk\/?p=75054"},"modified":"2025-11-28T16:08:31","modified_gmt":"2025-11-28T16:08:31","slug":"sheffield-residents-dismiss-labours-autumn-budget-as-damp-squid","status":"publish","type":"post","link":"https:\/\/sheffieldwire.co.uk\/index.php\/2025\/11\/28\/sheffield-residents-dismiss-labours-autumn-budget-as-damp-squid\/","title":{"rendered":"Sheffield residents dismiss Labour\u2019s Autumn Budget as &#8220;damp squib&#8221;"},"content":{"rendered":"\n<p style=\"font-size:16px\">After months of speculation and plenty of pitch-rolling, the Chancellor finally took to her feet in Parliament on Wednesday to announce the government\u2019s Autumn Budget.&nbsp;<\/p>\n\n\n\n<p style=\"font-size:16px\">Rachel Reeves has been working to produce a strategy that would be able to satisfy the OBR\u2019s stipulations, without raising income tax.&nbsp;<\/p>\n\n\n\n<p style=\"font-size:16px\">As a result, much of this year\u2019s Budget was plagued by mishaps, u-turns, and empty promises, leaving members of the public unsure as to what it had actually achieved.<\/p>\n\n\n\n<p style=\"font-size:16px\">One Sheffield resident said: \u201cIt was a bit of a damp squib really, wasn\u2019t it?<\/p>\n\n\n\n<p style=\"font-size:16px\">\u201cNo one\u2019s really going to benefit from it.\u201d<\/p>\n\n\n\n<p style=\"font-size:16px\">Many have put this down to an absence of courage amongst Labour politicians, particularly surrounding the introduction of an effective wealth tax.<\/p>\n\n\n\n<p style=\"font-size:16px\">Another local resident said: \u201cWe\u2019re just in a slow decline.<\/p>\n\n\n\n<p style=\"font-size:16px\">\u201cLabour are scared to tax capital and the Green party are obviously gaining more attention because of that.\u201d<\/p>\n\n\n\n<p style=\"font-size:16px\">Perhaps the biggest change to public spending was the Chancellor\u2019s decision to scrap the two-child benefit cap, which had originally been imposed by the Conservative government back in 2017.<\/p>\n\n\n\n<p style=\"font-size:16px\">This particular development has enjoyed a strikingly positive response from Labour backbenchers, helping to strengthen Keir Starmer\u2019s leadership after a shaky few weeks.&nbsp;<\/p>\n\n\n\n<p style=\"font-size:16px\">Another member of the public, who is local to Sheffield, agreed: \u201cPeople are struggling.<\/p>\n\n\n\n<p style=\"font-size:16px\">\u201cThere\u2019s some pockets of entrenched poverty in Sheffield where it\u2019ll definitely help.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"572\" height=\"328\" src=\"https:\/\/sheffieldwire.co.uk\/wp-content\/uploads\/2025\/11\/Picture1.png\" alt=\"\" class=\"wp-image-75077\" style=\"width:823px;height:auto\" srcset=\"https:\/\/sheffieldwire.co.uk\/wp-content\/uploads\/2025\/11\/Picture1.png 572w, https:\/\/sheffieldwire.co.uk\/wp-content\/uploads\/2025\/11\/Picture1-480x275.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 572px, 100vw\" \/><figcaption class=\"wp-element-caption\">Professor Jesse Matheson thinks that Reeves \u2018did what she needed to do,\u2019 faced with a challenging set of circumstances (Source: Tom Church)<\/figcaption><\/figure>\n\n\n\n<p style=\"font-size:16px\">Breaking with the mainstream narrative, Jesse Matheson, Professor of Economics at the University of Sheffield offered a comparably sympathetic analysis of Reeves\u2019 performance.<\/p>\n\n\n\n<p style=\"font-size:16px\">While he agreed that this was not a ground-breaking Budget, by any means, he was quick to credit the Chancellor with having done the best that she could, despite a challenging set of circumstances.<\/p>\n\n\n\n<p style=\"font-size:16px\">Professor Matheson said: \u201cI think it\u2019s turned out as well as it possibly could have for Rachel Reeves.<\/p>\n\n\n\n<p style=\"font-size:16px\">\u201cI was actually really impressed with how well it was handled politically because this was a really tough Budget.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After months of speculation and plenty of pitch-rolling, the Chancellor finally took to her feet in Parliament on Wednesday to announce the government\u2019s Autumn Budget.&nbsp; Rachel Reeves has been working to produce a strategy that would be able to satisfy the OBR\u2019s stipulations, without raising income tax.&nbsp; As a result, much of this year\u2019s Budget [&hellip;]<\/p>\n","protected":false},"author":273,"featured_media":35218,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[6,1],"tags":[9,338],"class_list":["post-75054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-uncategorized","tag-sheffield","tag-south-yorkshire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sheffield residents dismiss Labour\u2019s Autumn Budget as &quot;damp squib&quot; - Sheffield Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sheffieldwire.co.uk\/index.php\/2025\/11\/28\/sheffield-residents-dismiss-labours-autumn-budget-as-damp-squid\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sheffield residents dismiss Labour\u2019s Autumn Budget as &quot;damp squib&quot; - Sheffield Wire\" \/>\n<meta property=\"og:description\" content=\"After months of speculation and plenty of pitch-rolling, the Chancellor finally took to her feet in Parliament on Wednesday to announce the government\u2019s Autumn Budget.&nbsp; Rachel Reeves has been working to produce a strategy that would be able to satisfy the OBR\u2019s stipulations, without raising income tax.&nbsp; As a result, much of this year\u2019s Budget [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sheffieldwire.co.uk\/index.php\/2025\/11\/28\/sheffield-residents-dismiss-labours-autumn-budget-as-damp-squid\/\" \/>\n<meta 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