The budget presented in October by the new Labour government “It will hurt” Prime Minister Keir Starmer warned on Tuesday.
“The budget will come in October and it will be painful. We have no other choice in the situation we are in.”The Prime Minister said in a speech in Downing Street, which was reported by the British press.
Keir Starmer has indicated that those with the greatest ability will bear the greatest burden, specifically referring to those who live in the UK but pay taxes in other countries.
The prime minister also expressed his intention to strengthen the powers of water regulators and support “tough fines” for companies that pollute rivers, lakes and seas.
The Labour leader said he would keep his promise not to raise income tax or VAT on working people, and that spending cuts and tax increases were not the only options.
However, he spoke of “difficult decisions”, and although the British press interpreted the words as an intention to increase taxes, the government official did not specify, according to the Guardian, what these decisions were.
The British Prime Minister said he had discovered a “black hole” in the public finances worth 22 billion pounds (about 26 billion euros) left by the Conservative government, he said.
“Things are worse than we imagined,” he added.
The news was updated at 11:39 with more information.
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