locks Keir Starmer in a public embarrassment of Rachel Reeves

The government of Prime Minister Keir Starmer is bracing for a significant challenge as the upcoming Budget looms, with many questioning whether it will be enough to reverse the trend of declining public support.

The economic growth that has occurred during the first year of the administration can largely be attributed to increased government spending. However, persistent inflation has caused a "black hole" in the Treasury to almost double in size, raising concerns about the sustainability of the current economic strategy.

The Chancellor, who was once the Prime Minister's economic adviser, has suffered a public downgrade in status, and is no longer in that role. In his place, the new economic advisor to the Prime Minister is Baroness Minouche Shafik, the former Deputy Governor of the Bank of England.

Minouche Shafik has stated that those with comfortable pension pots should pay more to the common good, suggesting a shift towards increased taxation to fund government programmes.

The changes in government are more revealing, suggesting recognition that the first phase has not been successful. The Prime Minister has reportedly spent his summer holiday reflecting on the organizational structure of Downing Street and the capacity of the civil service, in an effort to address the concerns and issues that have arisen in the first year of their administration.

Polls indicate a decline in support for the government, with voters having lost faith in their ability to manage the economy. The centralization of economic decision-making to Number Ten has not reassured the markets, and the government's changes do not appear to address the concerns and issues that have arisen in the first year of their administration.

In a video, Keir Starmer declared the arrival of the "second phase" of his government, suggesting that sweeping changes are on the horizon. The government has announced these changes as the next phase of their administration, but it remains to be seen whether they will be enough to regain the public's trust and stabilize the economy.

The Budget, which is expected to be painful, is approaching, and the government will need to tread carefully to avoid further eroding public support. The main objectives of the government were to stabilize public finances and oversee economic growth, but they have failed in both, making this Budget a critical test for the government's future.

The Prime Minister no longer trusts Rachel Reeves to lead on economic policy, and it remains to be seen who will take on this important role in the second phase of the government's administration. As the Budget approaches, all eyes will be on the government to see how they will address the challenges facing the economy and regain the public's trust.