Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      The next person to shop your store may not be a person at all

      AI shopping agents are rewriting the rules of online retail across North America

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Cohere's Aidan Gomez bets the house on 'sovereign AI' with Aleph Alpha merger valuing the group at $20bn

      Cohere CEO Aidan Gomez on stage discussing the Toronto AI lab's strategy

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Moonvalley's Naeem Talukdar is selling Hollywood the one thing rival AI video tools cannot: legal cover

      Moonvalley's Marey AI video model produces Hollywood-grade footage trained on licensed data

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Tuesday 07 January 2025 6:00 am  |  Updated:  Wednesday 08 January 2025 10:00 am

Unhappy New Year? 72 per cent say UK ‘going in wrong direction’

By: Jessica Frank-Keyes

Political Reporter

Add as a preferred source on Google
Play Video

Keir Starmer’s chances of a New Year reset have been dealt a blow with new research revealing a lack of confidence in the government’s economic policies.

The first of a new monthly CityAM/Freshwater Strategy poll found that 72 per cent of voters say the UK is going in the “wrong direction”, including 53 per cent of those who voted for Labour last summer.

The stark findings come as the Prime Minister faces tanking poll ratings and growing public dissatisfaction as he enters the new political year – despite a landslide election win just six months ago.

Some 75 per cent of voters polled for CityAM also said they were not confident in the UK government’s plan to deliver economic growth, including 52 per cent of Labour’s 2024 voters.

And just one in six voters believe Labour is best placed to manage and grow the economy, compared to 20 per cent who think Tory leader Kemi Badenoch could do a better job, and 24 per cent who say the same for Reform leader Nigel Farage.

Voters are also pessimistic about the future, with 55 per cent of people expecting the economy to deteriorate in 2025 – and just 16 per cent believe it will improve with 28 per cent unsure.

Almost half of voters expect their household finances to be worse in 2025, with 48 per cent believing they will feel poorer – versus 50 per cent who think it will be the same or better.

Just over half of those polled said their living standards had worsened over the past year, with just 13 per cent believing they had improved.

And 53 per cent think they will worsen again over the coming 12 months.

Freshwater’s country manager Matthew Lesh warned the findings “make grim reading for Starmer” and indicated “frosty attitudes from the British people”.

The poll, he said, “shows how the hope of change that was promised by Labour just last July has now turned to despair from voters”.

Read more

Local elections were a death knell for two-party politics

Prime Minister Keir Starmer speaks at a press conference addressing future leadership rumours, wearing a navy suit and tie.

Asked to identify the single most important issue facing the country, 29 per cent said reducing inflation should be at the top of the government’s to-do list.

Just under 20 per cent prioritised reducing immigration, while improving healthcare and strengthening the economy were chosen by 16 per cent and 11 per cent of voters.

Lesh added: “There is time for Starmer to turn things around. But this will depend on delivery.

“If people feel better off at the next election today’s despair could rapidly turn to gratitude. But so far, voters are far rom thankful.”

Nigel Huddleston MP, Co-Chairman of the Conservative Party, said: “It is no surprise people think the UK is heading in the wrong direction given Labour’s disastrous first 6 months in government.

“They’ve scrapped Winter Fuel Payments for millions of vulnerable pensioners, put the family farm at risk, and left working people to pick up the tab for their assault on business – mess after mess, scandal after scandal, crisis after crisis.

“The British people deserve better than this failing government and their litany of broken promises.”

Meanwhile a Labour source told CityAM: “The Labour Government is getting on with delivering the Plan for Change. We’ve been clear from the outset that means taking the tough decisions needed to undo 14 years of Tory chaos and decline.

“While the opposition fight among themselves, the Labour Government is putting in the hard yards to deliver much-needed growth, create more jobs, make people better off by putting more money in people’s pockets, rebuild Britain and get our NHS back on its feet.”

Method note: Freshwater Strategy interviewed n=1,207 eligible voters in the UK, aged 18+ online, between 4-6 January 2025. Margin of Error +/- 2.8%. Data are weighted to be representative of UK voters.

Read more

Gary Stevenson is predictably wrong about wealth taxes

Gary Stevenson debates economist Dr Kristian Niemietz on wealth tax issues during a live event.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

People & Organisations

  • CityAM / Freshwater Strategy poll
  • general election 2024
  • Keir Starmer
  • Kemi Badenoch
  • Labour
  • Labour Party
  • Nigel Farage
  • polling
  • UK Government

Trending Articles

  • KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

  • Inflation expectations at record high in interest rates signal

  • London Tech Week sums up everything wrong with UK tech

  • KPMG report on AI found riddled with AI hallucinations

  • UK economy falters as deeper damage to growth to come

More from CityAM

  • Local elections were a death knell for two-party politics

    Opinion
    Prime Minister Keir Starmer speaks at a press conference addressing future leadership rumours, wearing a navy suit and tie.
  • Gary Stevenson is predictably wrong about wealth taxes

    Opinion
    Gary Stevenson debates economist Dr Kristian Niemietz on wealth tax issues during a live event.
  • ZayZoon, the Calgary fintech born on a fishing boat, posts 1,487% growth as earned wage access goes mainstream

    ZayZoon co-founder Tate Hackert built the Calgary fintech around earned wage access
  • Botpress raises $25m as Quebec's Sylvain Perron pitches his startup as the 'infrastructure layer' for AI agents

    Botpress product UI: the Quebec startup pitches itself as the infrastructure layer for enterprise AI agents
  • FluidAI wins US FDA clearance for its surgical monitor as Waterloo's Youssef Helwa targets 100,000 operations

    FluidAI's Origin surgical monitor wins FDA clearance for use in US hospitals
  • Andy Burnham plots Westminster return warning Labour has ‘let people down’

    Business
    Burnham smiling broadly at a community event, surrounded by enthusiastic supporters, conveying a sense of positivity and u...
  • The world runs on English law – let’s make the most of it

    Opinion
    The SRA has criticised law firms that handle high-volume consumer claims for poor practices
  • Bring back Burnham now!

    Opinion
    Andy Burnham speaking at a press conference, wearing a suit and tie, addressing the media with a focused expression.
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
Copyright 2026 CityAM Limited