One week before the legislature reconvenes following a shortened summer break, Sir Keir will continue to criticize the former administration, claiming that things are “worse than we ever imagined”.
The prime minister will declare he and his ministers “inherited not just an economic black hole but a societal black hole” in his remarks on Tuesday. And for that reason, we ought to act and conduct ourselves differently.
Being open and truthful with others about the options we have is a part of it. And how hard this is going to be. To be honest, things will deteriorate before they improve.
Sir Keir is expected to reiterate the remarks made by Chancellor of the Exchequer Rachel Reeves, claiming the Conservatives led by Rishi Sunak left a £22 billion budgetary black hole this year, saying that the financial position is “worse than we ever imagined”.
He’ll declare, “We found a £22 billion black hole in the public finances in the first few weeks.” Furthermore, nobody should be able to claim that this is manipulative or performative.
“This was unknown to the Office for Budget Responsibility, or OBR. They stated as much in a letter. The previous government concealed it, so they were unaware of it.
