Finance Minister Rachel Reeves wants to deliver an assessment of the country's public finances that will reveal the “havoc wreaked by populist politics”.
Britain is “broke and broke,” according to a statement from the office of new Labour Prime Minister Keir Starmer. Chancellor Rachel Reeves is due to deliver an assessment of the country’s public finances on Monday. “The assessment will show that Britain is broke and broken – and expose the devastation that populist policies have wreaked on the economy and public services,” Starmer’s office said.
The assessment will show that the previous government made large funding commitments for this fiscal year without knowing where the money would come from.
The Conservative Party, which has ruled Britain for the past 14 years, dismissed Labour's announcement of a “black hole” in the public finances as a fabricated excuse for planned tax increases. Labour kept the secret during the election campaign. (APA/Reuters)
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