UK PM Starmer's first budget on Oct 30 focuses on economic growth, warns against unfunded spending, and hints at potential wealth tax increases.

UK Prime Minister Keir Starmer assured that his first budget, due October 30, will prioritize economic growth. He warned against unfunded spending, which could harm the economy. Facing a £22 billion financial shortfall from the previous Conservative government, Starmer indicated potential tax increases, particularly on wealth, but emphasized stability and fiscal responsibility to avoid past mistakes. Critics express concern over increased debt burdens for future generations.

September 17, 2024
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