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The Guardian - UK
The Guardian - UK
Business
Larry Elliott

Labour is on course for victory – but what kind of economy will it inherit?

Keir Starmer speaks at the Resolution Foundation Economy 2030 conference in London
Keir Starmer is likely to have to hold an emergency revenue-raising budget soon after the election – for which the Conservatives can be blamed. Photograph: Adrian Dennis/AFP/Getty Images

Opinion was divided in the Labour party after its crushing defeat in the 2019 general election. Optimists thought it would take two terms for the party to have a chance of again forming a government. Pessimists thought it was doomed to permanent opposition.

Yet four years on, the polls suggest Labour is on course for a thumping victory. With the Conservatives gripped by an existential crisis, Rishi Sunak could be the last Tory prime minister for a long time to come.

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