Bleak reading for Labour in poll of economists

A poll of 103 leading economists in the FT today makes bleak reading for those  who hope that an economic recovery will lead to a political recovery for Labour.

Key take home messages:

• Economy will not be strong enough for 'working people' to be better off
• Two-thirds predicted more tax increases before the next election: higher taxes are seen as the path of least resistance when back bench MPs push for more spending
• Economic growth will grind along at 1-2 per cent, around 1 per cent in 2026: OBR forecast of 1.4 per cent unlikely to be beaten unless savings are run down
• Respondents were split on how much further the Bank would be able to cut interest rates
• Weak jobs market with unemployment above 5 per cent, companies likely to be stingy on pay
• There will, however, be lower inflation and energy prices

Another poll of voters commented on in the FT show that Starmer and Reeves have worse ratings that Johnson and Truss,   Can people really think that?   The FT thinks that it is the culmination of disillusionment with politicians over many years.