Free Trial

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

UK

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.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.