Prime Minister Starmer pledges a 'ruthless' approach to balancing the government's books as long-term borrowing costs reach a 27-year high. While dodging questions about potential spending cuts, Starmer emphasizes the government's commitment to fiscal rules that limit borrowing for day-to-day expenses and reduce debt. He reaffirms his confidence in Chancellor Reeves despite mounting criticism of her performance.
The prime minister said the government would be “ruthless” as it seeks to balance the books avoid more tax rises.It came as the cost of long-term government borrowing hit a 27-year high on Monday morning, piling further pressure on the public purse.
But the PM said the government will stick to its “fiscal rules”, which rule out borrowing for day-to-day spending and bring down debt.He said: “We set out those fiscal rules very early on in the day because we knew that the missing ingredient in recent years has been economic stability.
ECONOMICS BUDGET GOVERNMENT SPENDING STARMER 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.
Starmer Says Treasury To Be 'Ruthless' in Spending Cuts As UK Economy Faces TurmoilThe Labour leader faced pressure to address the UK's economic woes as borrowing costs soar and the pound weakens. Starmer defended his government's handling of the situation, emphasizing their commitment to fiscal responsibility and economic stability.
Read more »
Interactive map reveals England’s worst-rated GP surgeries – does yours make the list?...LIVE: Starmer vows to unleash biggest overhaul of NHS in 70 years
Read more »
I will reset EU relations & strike trade deal with Trump, Keir vows- as he’s confronted over leaked Brexit...Squirming Keir Starmer confronted over Brexit betrayal but vows ‘I’ll strike deal with Trump’
Read more »
Fuming Sir Keir Starmer rejects Two Tier Keir nickname saying he stands on side of Britain’s cops...Squirming Keir Starmer confronted over Brexit betrayal but vows ‘I’ll strike deal with Trump’
Read more »
Keir Starmer warns Trump ‘DON’T whack tariffs on Britain’ as he stares down incoming US President...Squirming Keir Starmer confronted over Brexit betrayal but vows ‘I’ll strike deal with Trump’
Read more »
Starmer's Passive Approach to Economics Raises ConcernsThe article discusses the growing concern that Prime Minister Keir Starmer's hands-off approach to economic policy is putting too much control in the hands of the Treasury.
Read more »