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Reading: Prime Minister Sir Keir Starmer warns of a “painful” budget while hinting at impending tax increases.
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Baner Club > Blog > Politics > Prime Minister Sir Keir Starmer warns of a “painful” budget while hinting at impending tax increases.
Politics

Prime Minister Sir Keir Starmer warns of a “painful” budget while hinting at impending tax increases.

In the most significant indication of tax increases to date, Sir Keir Starmer has stated that the October budget will be "painful.".

Last updated: 2024/08/28 at 7:27 AM
Published August 28, 2024
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The prime minister stated, “I will be honest with you, there is a budget coming in October and it’s going to be painful,” when speaking from Downing Street on Tuesday.
Sir Keir stated that “those with the broadest shoulders should bear the heavier burden” while “those who made the mess should have to do their bit to clean it up” .

He connected the first group to the removal of the non-dom tax status and the second group to fines paid by water corporations.
Following his vow to keep taxes low, the prime minister has been charged by the Conservatives with “betrayal” of public confidence.

On social media, former prime minister and head of the Tory party Rishi Sunak wrote: “Keir Starmer’s speech today was the clearest indication of what Labour has been planning to do all along – raise your taxes.”

As he attacked the previous government, the prime minister brought up the “£22 billion black hole” in the country’s finances, which he said the Office for Budget Responsibility was unaware of.

Sir Keir remarked, “I said change would not happen overnight.” “You can’t simply patch up profound decay in a structure; instead, you need to completely redesign it and address the source of the problem. even if it requires more effort or time.

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admin August 28, 2024 August 28, 2024
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