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
Cast your mind back to the heady days of early July, as a beaming Sir Keir Starmer swept into Downing Street to a cheering crowd and the promise of "change". Sky News
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.
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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."
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