About a year ago, the Sir Kire Stmper announced that “the work of change begins immediately”.

A few hours after becoming Prime Minister, standing on the steps of Downing Street, he made a bold plan – by reviving NHS To decide the British economy for housebuilding – and asked people to do justice to their government on “actions, not words”.

After the first year in the office, the Financial Times deals with the records of the labor government so far.

Kick start economic development

Labor came to power in July 2024, promising Vikas to make his “number one mission”. But one year, trade optimism is silent, and the economy shrunk at its fastest pace since 2023, established the platform for the recession economists, who are expected to follow the 0.7 percent expansion recorded in the first quarter.

The government has promised to make people “better” and has been helping domestic finance since 2023 in mid -2023. However, payroll employment is falling, the wages of national living and an increase in national insurance contribution of employers are squeezed by high labor costs.

High lending costs and fare inflation continue to weigh on domestic finance. Productivity growth – necessary for permanent improvement in standard of living – elusive. Businesses have taken some heart from the trade treaty with the European Union, India and the United States, but the spirit has been subdued and the government is forced by the initial emphasis on the “black hole” in public finance and the increase in taxes after the election.

“Instead of riding a wave of optimism after the election, the main UK economist of Capital Economics, the Chancellor, made it flattened.”

Create an NHS fit for the future

Healthcare received an annual boost £ 29bn, while many other areas of day-to-day spending in the review of Chancellor Rachel Reaves faced real-term cuts, underlining how significant improvement for NHS services.

There are indications that it is helping, with approximately 4.2mn additional alternative operations, appointments and tests in England during the first nine months in the office. It contributed to bringing down the waiting list in 7.39mn referrals in April, which is 5 percent below its record high in September 2023, but is still far above pre-political levels.

However, Economist Andrew Wish, an economist of investment bank Berenberg, said the progress came on a “high fiscal cost” when cleaned the backlog.

He said, “Improvement in productivity, perhaps possible by investing in diagnostics devices, needs to continue improvement without support or borrowing,” he said.

Get Britain’s building again

Labor promised to get “Britain Building Again”, with more money for resting plans and more for homebuilding, as it vowed to build 1.5MN houses in five years.

While a recovery is going to take a recovery time in housebuilding because it expands the supply of land, the latest data is not encouraging, with approval of planning applications in England Their lowest in 13 years,

According to its vows, Labor has also improved fiscal rules to support more than £ 100bn of additional capital expenditure, announced a 10 -year infrastructure strategy, introduced GB energy to invest in renewable energy and created a national funds to encourage private capital in priority areas.

These policies have the ability to promote economic growth, say experts. But “Challenge, of course, funding remains”, the economist Sandra Horsafield said at the financial services company Investor.

Fix public finance

Reeves, in its October budget, vowed to “restore stability for our public finance”, but there has been a series of an unexpected fiscal consolidation in U-turn on reality and their spring statement.

Analysts now see a growing possibility of a new era, this autumn increases, as defense spending, weak economic development, and high expenditure on winter fuel payments and welfare benefits weigh weight on public finance. The pledge not to increase the levy on the working people leave a small ratio of the tax at risk of taking the bill.

Horsafield said, “Some things have to go right for the government to avoid breaking some manifestations and still distribute all ‘changes’ for the government.”

Safe Britain boundaries

Labor has established and strengthened a new Border Security Agency Collaboration With France on smuggling people.

Return has reached a high level of seven years, but small boat arrival, overall About 5,000 migrants In the month ended on 27 June, “Apparently going in the wrong direction”, Peter Walsh, a senior researcher at the Migration Observatory at the University of Oxford, said. The Legislative Assembly, which introduces the new enforcement powers, is progressing through the House of Lords.

The government “terminated asylum hotels, saving taxpayers billions of pounds”. But the latest official figures for the number of migrants in hotels show that it is more than when labor came to power, standing at 32,345 on 31 March 2025, which was compared to 29,585 on 30 June 2024.

The government has started improving immigration rules to curb pure migration, which has already started falling as a result of the action taken by the previous government. Official estimates show that labor plans will reduce the number of arrival in the UK. About 100,000 per yearBut the effect on pure migration is less pronounced.

Public service standard

The improvement in public services was at the center of the election manifesto of Labor, with several commitments to increase standards and hire in schools and policing.

The Home Office has allocated £ 200MN to give his vow to 13,000 more neighborhood police officers, but thE National Police Chief Council said The expenditure review requires disposal for policing “What is necessary to fulfill this promise”.

The government has already abolished VAT exemption for private schools, but it is very early to explain whether it will achieve more ambitious goals such as committing serious violent crimes and ensuring that 75 percent of children of five years are ready for school.

The vacancies of jobs in education and public administration are below the spring of 2024, but the National Audit Office has raised questions about whether the commitment to appoint 6,500 experts new teachers is sufficient to remove the rapid decrease.

Jack Worth, the chief economist of the National Foundation for Educational Research, said that meeting the pledge would be a “challenge”.