These actions contribute to a growing sense that the Starmer government will prove to be decidedly right-of-centre in a country beset with deep divisions of wealth and poverty. Some areas may see an improvement, such as labour rights, but even there, it is a matter of the devil in the detail.
One area where the government does apparently have cash to spash, though, is military spending, which is set to be substantially increased despite the manifest failures in Afghanistan, Iraq and Libya, and the deeply unpopular Israeli wars on Gaza and the West Bank.
Labour's attitude to Israel is certainly unlikely to change, with the Department for Business and Trade reporting on efforts to strike a new trade deal with the country, saying: "Our teams will be entering negotiating rooms as soon as possible, laser-focused on creating new opportunities for UK firms." An official from the British Embassy in Israel also recently wrote of the "tremendous opportunity for collaboration between Israeli and British companies".
A full-scale Strategic Defence Review is also underway, and there are few if any indications that it will start by addressing the grievous failures of the past two decades. If previous experience is anything to go by, it will likely also omit the main challenge to international security: climate breakdown. Without that, the review will not be worth the paper it is written on. Net zero secretary Ed Miliband may be doing his best to maintain the idea of a green transition but the issue would be sidelined by any major increase in government spending.
On the domestic front, less than two months into the new Labour government the contrast between Food Bank Britain and the ludicrous levels of runaway wealth is apparent. It was coincidentally yet powerfully illustrated just four days before Starmer's pre-budget speech, by a full-page property advertisement from Sotheby's in the Financial Times.
Of the seven properties on sale, one was a relatively modest three-bedroom apartment in Chelsea, on sale for a mere £5m, while the others included a six-bedroom house in Belgravia offered at £18m and a nine-bedroom/five-bathroom place near Regent's Park for £20m. Another Regent's Park number was on sale for £25m million, which at least had 7 bathrooms for the 6 bedrooms. Trumping all was a triplex number in Knightsbridge – £50m with exclusive access to Hans Place Gardens.
While we have to wait for the October budget announcements, we can be reasonably sure that there will be some attempts to raise modest amounts from the wealthier sectors of society, possibly involving changes in capital gains and inheritance taxes. But the best indicator of a changed government would be one willing to bring in wealth taxes, especially those directed at the super-rich.
Onee of Britain's largest trade unions, Unite, recently proposed a 1% per annum tax on those with net assets of over £4m, which would include property, shares and bank holdings but not mortgaged property. That is estimated to yield £25bn a year but would be bitterly opposed, with the Daily Mail informing us that: "Millionaires are looking to flee the UK in their droves to escape Labour's tax raids – with a record number of wealthy Britons tipped to leave the country this year."
As things stand, the budget is expected to include substantial cuts in public spending that could be at least partly avoided by such a wealth tax, and it is worth noting that some European countries such as Switzerland and Spain have already introduced them. At least Britain's wealthy won't be fleeing "in their droves" to those countries.
If adopted in October, in even a modest form, a wealth tax would be a reasonable marker for a progressive government. If not, then an opportunity will be missed for placing Labour in a more progressive place in the political spectrum than currently seems at all likely.
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