All eyes will be on the chancellor Gordon Brown on December 5 when he delivers his pre-budget report.
It will not be the most comfortable moment for the prime minister-in-waiting, who has done wonders for Labour's reputation on economic policy.
Unlike past Labour governments, this one with Mr Brown at the Treasury, has steered clear of economic disaster and financial crisis. The chancellor also continues to bask in the glow of approval that followed his decision early on to grant operational independence to the Bank of England.
But things are getting tricky. Consumer spending, the driving force behind economic growth has stalled, unemployment is creeping up and the public finances have deteriorated.
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