Kier Starmer describes protestors as Nazis, tells us bad budget coming & UK is “worse than thought“
Prime Minister Sir Keir Starmer signals tax rises coming as he warns of ’painful’ budget
Speaking from the rose garden in Downing Street, Sir Keir Starmer gave the biggest hint yet that taxes would be raised on 30 October. He did, however, repeat his election promise that taxes would not go up for “working people“.
Sir Keir Starmer says the forthcoming budget will be ’painful’2:50
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PM: Budget will be painful
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The October budget will be “painful“, Sir Keir Starmer has said, giving the biggest hint yet of tax rises.
Speaking from Downing Street, the prime minister said: “I will be honest with you, there is a budget coming in October and it’s going to be painful.“
He added: “Just as when I responded to the riots, I’ll have to turn to the country and make big asks of you to accept short-term pain for long-term good. The difficult trade-off for the genuine solution.“
Politics latest: Reaction as Starmer gives major speech
The budget is set to be held on 30 October.
’Things will get worse before they get better’
Sir Keir said “those with the broadest shoulders should bear the heavier burden“ and “those who made the mess should have to do their bit to clean it up“.
The first group he linked to the scrapping of the non-dom tax status, and the latter to water companies paying fines.
The Conservatives have accused the prime minister of a “betrayal“ of people’s trust after he promised not to raise taxes.
Tory leader and former prime minister Rishi Sunak posted on social media: “Keir Starmer’s speech today was the clearest indication of what Labour has been planning to do all along - raise your taxes.“
The prime minister referenced the “£22bn black hole“ in the nation’s finances, that he said the Office for Budget Responsibility did not know about - as he took aim at the last government.
“I said change would not happen overnight,“ Sir Keir said. “When there is a deep rot at the heart of a structure, you can’t just cover it up... you have to overhaul the entire thing, tackle it at root. Even if it’s hard work or takes more time.“
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