Momentum Statement on the 2025 Autumn Budget

Momentum Co-Chairs said:

“The Chancellor’s decision to abolish the two-child benefit cap is a welcome decision and a clear vindication for the Labour MPs who were suspended last year for voting to scrap it. Meanwhile, the announcement of the freezing of train fares as well as some modest redistributive tax measures are positive steps.

However, with the Government sticking to an unnecessarily restrictive and inflexible fiscal framework, threatening to cut support for welfare recipients and refusing to introduce a wealth tax, alongside existing commitments to hike military spending, it’s clear our public services will continue to be underfunded and most people will still suffer from declining living standards.

Ultimately, only a complete overhaul of the British economy will beat Reform and deliver real change for the people Labour was founded to represent.”

26th November 2025