Rachel Reeves unveiled a Labour budget that makes good on our pledge to change Britain for the better. It will cut the cost of living, cut NHS waiting lists and cut the national debt to stabilise the economy.
It’s no easy task turning around 14 years of Tory failure after they crashed the economy, held down wages and broke our public services. But change is now under way and it’s important we make sure the public know about it.
Removing the two-child limit in Universal Credit will lift 450,000 children out of poverty by 2030.
Here in Streatham and Croydon North:
- Almost 3000 children will benefit, with many able to move out of sub-standard temporary housing.
- Local families with save around £150 on average on their energy bills from April 2026.
- Expanding the Warm Home Discount means that 6 million households across the UK will receive an additional £150 off their energy bills.
- Commuters will save up to £300 a year on the most expensive train commutes thanks to the first rail-fares freeze in 30 years.
- Patients will benefit from the freeze on NHS prescription charges, as well as further cuts in NHS waiting lists.
- Motorists will save £89 next year from the extended fuel duty freeze.
- Local renters will avoid unfair rent rises and no-fault evictions thanks to the new Renters’ Rights Act.
- 2000 more schools will get free breakfast clubs and we’re expanding free school meals to all pupils in England with a parent receiving Universal Credit.
- Young workers aged 18-20 years old will see an above-inflation increase in the minimum wage.
- Pensioners will see state pensions rise by 4.8%, in line with our commitment to the triple lock.
When Labour promised change – we meant it.
