Things can only get... worse? Keir Starmer to manage expectations in first keynote speech as PM

IFS reacts as Starmer warns of 'painful' autumn Budget

Director of the Institute for Fiscal Studies Paul Johnson said neither party was being honest in the election about raising taxes after Keir Starmer warned autumn's Budget would be "painful." "They've said they won't increase income tax, national insurance, VAT or corporation tax. Three-quarters of our tax revenue comes from those four taxes and if they're not going to raise those, it leaves them with a very limited number of options," Mr Johnson said. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

PM welcomes Bahrain's Crown Prince to Downing Street

Sir Keir Starmer welcomed Bahrain's Crown Prince and Prime Minister Salman bin Hamad Al Khalifa to Downing Street on Tuesday. It comes after Starmer delivered a keynote speech in which he warned the autumn Budget would be "painful" for many households. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Keir Starmer sets out plans to rebuild UK's public finances

Sir Keir Starmer claimed his government "have done more in seven weeks than the Conservatives have done in seven years" as he criticised the former government for "leaving a black hole in public finances." Speaking from the rose garden in Downing Street, the prime minister said: "We will do the hard work to root out 14 years of rot, reverse a decade of decline and fix the foundations." Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn