Brace yourself, UK! Keir Starmer warns of a 'painful' budget ahead as he tackles a £22bn black hole left by the Tories. Let the economic rollercoaster begin!
In a candid Address from the iconic rose garden at Downing Street, Prime Minister Keir Starmer has issued a stark warning: the upcoming Autumn Budget will be nothing short of painful. With a tone that resonates with urgency, Starmer addressed not just the economic turmoil, but a perceived 'societal black hole' left behind by 14 years of Conservative governance. As Parliament resumes this week, Starmer makes it clear that the focus will be on repairing the deep-rooted issues facing the UK rather than reverting to the status quo.
Starmer’s message was equally direct about what this means for the British public: expect tax rises. The Prime Minister hinted at necessary fiscal measures to address a staggering £22 billion gap in public finances. “Things will get worse before they get better,” he lamented, inviting the nation to brace itself for tougher times ahead. The Tories, however, are quick to rebut, accusing Starmer of presenting unfulfilled campaign promises and warning that tax hikes aren’t the answer to rekindling economic growth.
Despite the gloomy outlook, Starmer emphasizes the importance of long-term commitment to economic stability. He reassured the public that this ‘short-term pain’ is a prerequisite for nurturing a robust economy in the future. His stance encourages collective responsibility, stirring hope amid adversity while also preparing citizens for a bumpy ride. “We will face this challenge together, and we will succeed,” he declared, reflecting a commitment to working through the mess left by the previous administration.
This speech marks Starmer's strongest acknowledgment yet of the serious ramifications of inherited fiscal mismanagement. With the prospect of looming tax increases, the question that hangs heavy in the air is whether the British public will rally behind a government that promises not only to rebuild but to, in the words of Starmer, root out 14 years of rot.
Interestingly, this revelation comes as the UK grapples with rising inflation rates and a cost-of-living crisis, making Starmer's warning even more pertinent. Additionally, history shows that economic recoveries often come with hard decisions and sacrifices, suggesting that the UK may indeed be gearing up for a rather challenging yet potentially transformative era ahead. Could this be the moment the nation needs to reshape its financial identity? Only time will tell!
The prime minister says he's inherited an "economic black hole" but the Tories say he campaigned on "promises he couldn't deliver".
Keir Starmer will say that the return of Parliament this week will not mean a return to "business as usual" in his first keynote speech since becoming Prime ...
The Prime Minister will promise that his Government will do the “hard work” to “root out 14 years of rot” under the Conservatives. In a speech from Downing ...
Keir Starmer speech today live news: PM warns autumn Budget will be 'painful' during Downing Street speech as Tories hit back at potential tax rises.
Speaking from the rose garden in Downing Street, Sir Keir Starmer gave the biggest hint yet that taxes would be raised on 30 October.
Prime Minister Keir Starmer has said that the Autumn Budget will be "painful" as the country will have to "accept short term pain for long term good".
The Prime Minister used a Downing Street speech to promise his Government will do the 'hard work' to 'root out 14 years of rot' under the Tories.
Prime Minister Keir Starmer delivered a speech in the Downing Street garden today on fixing the foundations of our country.
The prime minister has pledged to tackle a "deep rot" in the UK - but says it will take longer than he expected, as "things are worse than we ever ...
The Prime Minister will promise that his Government will do the “hard work” to “root out 14 years of rot” under the Conservatives. In a speech from Downing ...
The prime minister said he had inherited "not just an economic black hole but a societal black hole" from the previous Conservative government. Conservative ...
Prime minister says it will take years to clean up from Tories after finding a £22bn black hole in public finances.
The prime minister says he's inherited an "economic black hole" but the Tories say he campaigned on "promises he couldn't deliver".
After avoiding the question during the election campaign, this was a prime minister preparing the ground for tax rises and spending cuts in the autumn.
Past Labour PMs – Blair, Wilson, Attlee – have tended to arrive in power accentuating the positive.
On Tuesday morning, Sir Keir Starmer delivered a speech in the Downing Street garden on the state of the nation and what his government plans to do.
Keir Starmer has made one of his biggest speeches yet as Prime Minister, addressing the nation from Downing Street with a new “fixing the foundations” ...
PM says trip is part of wider efforts to restore 'broken relationships' with EU countries.
Labour's first Budget will be 'painful', warned the prime minister, as he seemed to lay the ground for upcoming tax rises. Keir Starmer said he would have ...
Prime minister hails 'once-in-a-generation opportunity' to fix EU relationship as he takes first step towards agreement with Germany.
The prime minister said the deal was part of a bid to "turn a corner on Brexit".
Keir Starmer's rose garden speech today should be seen as a companion piece to last month's melodramatic Commons statement by Rachel Reeves on the condition ...
The prime minister said the deal was part of a bid to "turn a corner on Brexit".
On a visit to Berlin, the new U.K. prime minister may look at his German counterpart as a cautionary tale.
Keir Starmer speech today live news: PM warns autumn Budget will be 'painful' during Downing Street speech as Tories hit back at potential tax rises.
The new U.K. prime minister talked about societal “rot” and financial black holes and said “things will get worse before they get better.”
Keir Starmer seeks preferential access to German markets in a bid to revitalise UK-EU ties and boost British business opportunities.
Labour's options for tax rises and spending cuts in Budget risk public hardship and political difficulty.
Sir Keir Starmer has paved the way for swingeing tax rises at Autumn Budget 2024, severely unsettling four leading advisers to contractors.
On my gluttonous travels I met an extremely senior retired judge – whose wife now owns a posh boutique hotel in Suffolk. As we ate asparagus and hollandaise in ...
The PM says a new UK-Germany treaty will not include plans to negotiate a youth mobility scheme or rejoin the EU single market.
Sir Keir Starmer will attempt to seize a “once-in-a-generation opportunity to reset our relationship with Europe” during two days of meetings in Berlin and ...
Sir Keir Starmer kicked off efforts to agree a new treaty with Germany as he held talks in Berlin with Chancellor Olaf Scholz as part of his bid to reset ...
Joint press conference with German Chancellor Olaf Scholz shows Britain's new leader working to heal Brexit wounds — while walking a fine line back home.