Starmer warns of ‘really painful’ budget to ‘fix the rot’ left by Tories
Support trulyindependent journalismFind out moreCloseOur mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth.Whether $5 or $50, every contribution counts.Support us to deliver journalism without an agenda.Louise ThomasEditorSir Keir Starmer has admitted that the country is set to be hit with “a very painful budget” in October as his new Labour government tries to “fix the rot” left by the Tories.Speaking to a group of 50 voters and supporters in the Downing Street rose garden, the prime minister hinted at more spending cuts and tax rises to come as his party attempts to close a £22 billion black hole they claim to have found in the public finances.He warned “things are worse than we ever imagined” because of a £22 billion “black hole” in the public finances, claiming to have found out last week that the Tories had borrowed almost £5 billion more than the Office for Budget Responsibility expected.Starmer delivers a speech to mark the reopening of business in parliament next week More