London, December 02, 2025
UK Prime Minister Keir Starmer has defended his government’s 2025 Budget and outlined a comprehensive plan for economic renewal during a series of speeches in London this week, emphasizing the need for tax increases and trade deals to stabilize the economy and restore market confidence.
Defending the 2025 Budget
Starmer backed Finance Minister Rachel Reeves’s budget, insisting that tax rises were essential to rein in public finances, ease the high cost of living, and fund critical investments in public services and infrastructure. He described the fiscal measures as fair and necessary, framing them as foundational to sustainable economic growth.
Economic Renewal and Market Confidence
Central to Starmer’s message was a call for stability and predictability after years of policy uncertainty. He highlighted the importance of restoring market confidence, enabling businesses to plan long-term with clarity. Starmer referred to the budget as a “moment of personal pride” and a cornerstone for enduring economic stability.
Addressing Brexit’s Economic Impact
Acknowledging the adverse effects of the Brexit deal on the UK economy, Starmer advocated reducing trade barriers and moving towards a closer relationship with the European Union. He conceded this would require political trade-offs but argued that such steps are crucial for national economic renewal.
Engaging in Global Trade
In further remarks at the Lady Mayor’s Banquet, Starmer emphasized the government’s pursuit of new trade agreements with major economies including the United States, the European Union, and India. Additionally, he signalled a strategic re-engagement with China. These efforts aim to foster predictability for businesses and create thousands of jobs across the UK.
Rejecting Grievance Politics
Starmer confronted criticism from both the political left and right, dismissing what he termed “grievance politics.” He positioned the Labour government as pragmatic and solution-oriented, focused on tangible economic progress rather than ideological disputes.
Keir Starmer’s speeches mark a deliberate shift towards fiscal responsibility, economic stability, and global engagement. His administration aims to present Labour as a steady hand addressing the UK’s economic challenges through practical policies and clear strategic direction. This approach seeks to reassure business leaders, policymakers, and citizens anticipating a more stable economic future.