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PM Starmer-"Things Will Get Worse Before They Get Better"

UK
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsPolitical Market News

Prime Minister Sir Keir Starmer is currently delivering a televised addressin the Downing St. rose garden, under the heading of 'fixing the foundations' of the United Kingdom. Starmer is using the address as an opportunity to set the political landscape before what is expected to be an autumn of tough economic decisions for the gov't. Starmer says "Things will get worse before they get better." Says "If we don't take tough actions across the board we will not be able to fix the foundations of our country."

  • The PM says that his top priority is growth, but speaks on wider issues including the riots that erupted across the UK over August, and the criminal justice and prisons system.
  • Starmer: "I won't shy away from unpopular decisions now" if it results in benefits in the long term. This is expected to result in a budget statement on 30 Oct that includes tax increases (inheritance tax and CGT seen as the most likely to be hiked) and effective spending cuts to gov't departments.
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Prime Minister Sir Keir Starmer is currently delivering a televised addressin the Downing St. rose garden, under the heading of 'fixing the foundations' of the United Kingdom. Starmer is using the address as an opportunity to set the political landscape before what is expected to be an autumn of tough economic decisions for the gov't. Starmer says "Things will get worse before they get better." Says "If we don't take tough actions across the board we will not be able to fix the foundations of our country."

  • The PM says that his top priority is growth, but speaks on wider issues including the riots that erupted across the UK over August, and the criminal justice and prisons system.
  • Starmer: "I won't shy away from unpopular decisions now" if it results in benefits in the long term. This is expected to result in a budget statement on 30 Oct that includes tax increases (inheritance tax and CGT seen as the most likely to be hiked) and effective spending cuts to gov't departments.