Chancellor Rachel Reeves says she is 'under no illusions' about the scale of the challenge after the UK economy flatlined in July for the second month in a row, according to the latest official figures.
The Labour -supporting millionaire boss of the Iceland food chain has launched a scathing attack on its 'doom-laden' economic prophesies for Britain.
Both Sir Keir and Ms Reeves have made repeated speeches and remarks about the poor state of the nation's economy, with critics suggesting they are fattening the public up to accept tax rises. Be the first to commentBe one of the first to commentCommentsWhat do YOU think of Walker's recent comments?Comment now 'A positive and optimistic Budget next month could set us on the path to future prosperity by leveraging the power of the state to invest in long-term projects and people skills that will drive economic growth, which will in turn stimulate increased investment bythe private sector, he said.
Sir Keir and Ms Reeves have been making clear there is more pain to come in the Budget on October 30, with inheritance tax, capital gains and tax breaks on pensions in the crosshairs. Unexpected global shocks comparable to the Covid-19 pandemic could lift the debt even further, to more than 300 per cent of gross domestic product by 2074, the report warned.
And the cost of servicing the surging debt pile will quadruple from 2.8 per cent of GDP to 11.3 per cent. Added to that will be the price of climate change – including the cost of Net Zero and coping with the damage caused by severe weather. Even among those who should still receive the payments, worth up to £300, an estimated 780,000 will miss out because they have not claimed pension credit.
News Labour Keir Starmer Rachel Reeves
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Keir Starmer watches Chancellor come a cropper: Sir Keir and wife Victoria see race favourite pull...Starmer spoke out about his talks with US President Joe Biden and Ukraine's use of long-range missiles. Starmer said 'We had a wide-ranging discussion about strategy in Ukraine', in the Middle East and other parts of the world'.
Read more »
Keir Starmer watches Chancellor come a cropper: Sir Keir and wife Victoria see race favourite pull...Starmer spoke out about his talks with US President Joe Biden and Ukraine's use of long-range missiles. Starmer said 'We had a wide-ranging discussion about strategy in Ukraine', in the Middle East and other parts of the world'.
Read more »
Keir Starmer watches Chancellor come a cropper: Sir Keir and wife Victoria see race favourite pull...Starmer spoke out about his talks with US President Joe Biden and Ukraine's use of long-range missiles. Starmer said 'We had a wide-ranging discussion about strategy in Ukraine', in the Middle East and other parts of the world'.
Read more »
Labour peer faces investigation after being accused of lying during a debate about Keir Starmer's...Baroness Ramsey faces questions over whether she had 'concocted a story' to mislead her fellow peers after her emotionally charged speech earlier this month
Read more »
Labour peer faces investigation after being accused of lying during a debate about Keir Starmer's...Baroness Ramsey faces questions over whether she had 'concocted a story' to mislead her fellow peers after her emotionally charged speech earlier this month
Read more »
Keir Starmer faces investigation over undeclared gifts from Labour donorLabour leader Keir Starmer is facing an investigation after failing to initially declare gifts given to his wife by a prominent Labour donor, Lord Alli. The gifts, which covered the cost of a personal shopper, clothes, and alterations for Lady Starmer, were not registered in the MPs' interests register. Starmer approached parliamentary authorities to make a late declaration after receiving updated advice.
Read more »