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Autumn Budget will be painful, warns Starmer

BBC News Tuesday, 27 August 2024 ()
Autumn Budget will be painful, warns StarmerThe PM said he would have to make "big asks" from the public for the "long-term good".
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Video Credit: ODE - Published
News video: Keir Starmer warns autumn Budget 'will be painful'

Keir Starmer warns autumn Budget 'will be painful' 00:59

Sir Keir Starmer has warned that the autumn Budget is going to be "painful," adding that he will have to make “big asks” of the public. It comes amid growing speculation that the government are going to raise taxes in October. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn...

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Keir Starmer Keir Starmer Prime Minister of the United Kingdom since 2024

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Credit: ODN    Duration: 01:05Published
IFS reacts as Starmer warns of 'painful' autumn Budget [Video]

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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

Credit: ODN    Duration: 01:08Published

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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

Credit: ODN    Duration: 00:26Published

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