• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 19th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
British Prime Minister Keir Starmer speaks during his speech and press conference in the Rose Garden at 10 Downing Street, London, Britain. Picture date: Tuesday August 27, 2024. Stefan Rousseau/Pool via REUTERS
British Prime Minister Keir Starmer speaks during his speech and press conference in the Rose Garden at 10 Downing Street, London, Britain. Picture date: Tuesday August 27, 2024. Stefan Rousseau/Pool via REUTERS
British Prime Minister Keir Starmer speaks during his speech and press conference in the Rose Garden at 10 Downing Street, London, Britain. Picture date: Tuesday August 27, 2024. Stefan Rousseau/Pool via REUTERS
British Prime Minister Keir Starmer speaks during his speech and press conference in the Rose Garden at 10 Downing Street, London, Britain. Picture date: Tuesday August 27, 2024. Stefan Rousseau/Pool via REUTERS
British Prime Minister Keir Starmer speaks during a press conference in the Rose Garden at 10 Downing Street, London, Britain. Picture date: Tuesday August 27, 2024. Stefan Rousseau/Pool via REUTERS
British Prime Minister Keir Starmer speaks during a press conference in the Rose Garden at 10 Downing Street, London, Britain. Picture date: Tuesday August 27, 2024. Stefan Rousseau/Pool via REUTERS
British Prime Minister Keir Starmer speaks during a press conference in the Rose Garden at 10 Downing Street, London, Britain. Picture date: Tuesday August 27, 2024. Stefan Rousseau/Pool via REUTERS
British Prime Minister Keir Starmer speaks during a press conference in the Rose Garden at 10 Downing Street, London, Britain. Picture date: Tuesday August 27, 2024. Stefan Rousseau/Pool via REUTERS
Britain's Prime Minister Keir Starmer delivers a speech during a press conference, following clashes after the Southport stabbing, at 10 Downing street in central London, Britain, August 1, 2024. Henry Nicholls/Pool via REUTERS/File Photo
Britain's Prime Minister Keir Starmer delivers a speech during a press conference, following clashes after the Southport stabbing, at 10 Downing street in central London, Britain, August 1, 2024. Henry Nicholls/Pool via REUTERS/File Photo
Home
World
United Kingdom

Starmer signals pain and 'unpopular decisions' to fix Britain

August 27th, 2024 | 09:23 AM WORLD United Kingdom 4

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Palestinian-British family die in 'tragic accident' off English coast
Track irregularity seen at site of UK train derailment, say rail accident investigators
London's FTSE 100 slips after inflation report; Smith+Nephew drops
Queen Camilla says it was difficult to keep King Charles' cancer diagnosis private
By Elizabeth Piper

Prime Minister Keir Starmer said on Tuesday he would have to take unpopular decisions, raising the possibility of "painful" taxes on the wealthy and spending cuts to try to fix Britain's myriad of problems he blamed on Conservative misrule.

In a speech in the rose garden of his Downing Street office, the scene of COVID parties under a former Conservative government, Starmer promised to end politics as usual, telling voters he was levelling with them that Britain's problems would only get worse before getting better.

Elected in a landslide victory in July, Starmer has vowed to rebuild British society, saying this month's anti-migrant riots reflected divisions that have taken hold, stoked by what he described as the Conservatives' preference for populism.

He also blamed the last government for leaving him with a 22 billion pound ($29 billion) black hole, something he said was unexpected and which had forced him to take some difficult decisions such as limiting fuel payments to the elderly.

The opposition Conservative Party accuses Starmer's Labour Party of portraying the fiscal situation as much worse than it is so it can hike taxes after campaigning before the election on an agenda not to raise certain taxes on working people.

Starmer said he planned to stick to that pledge, but there would be short term pain in what he said would be "unpopular decisions" for the long term good.

"There is a budget coming in October, and it's going to be painful. We have no other choice ... Those with the broader shoulders should bear the heavier burden," he said in a speech to voters he met during the election campaign, referring to a fiscal statement due on Oct. 30.

"We have inherited not just an economic black hole but a societal black hole and that is why we have to take action and do things differently. Part of that is being honest with people about the choices we face and how tough this will be," he said.

"Frankly, things will get worse before we get better," he told the audience of apprentices, teachers, nurses, small business owners and firefighters.

The rose garden last made headlines after it was used by former Prime Minister Boris Johnson and his staff to hold parties during the COVID lockdowns, events that Starmer said had shattered the trust between the public and its politicians.

Conservative leadership contender, Kemi Badenoch, who is also the party's policy chief for housing and communities, said the speech was based on a "dishonest analysis".

"The truth is that Keir Starmer is managing voters' expectations for a decade of decline," she said in a statement.

PRISON PLACES

Starmer, a former director of public prosecutions, said he could not believe as prime minister he had to count available prison places to try to deal with those behind the riots that targeted Muslims and migrants.

"Not having enough prison places is about as fundamental a failure as you can get. And those people throwing rocks, torching cars, making threats, they didn't just know the system was broken, they were betting on it, gaming it," he said.

Starmer said the former Conservative government's failure to tackle problems, and its focus on the "snake oil" of populism, had widened divisions in society which would take time to heal.

He inherited an economy with sluggish growth, which is only now showing signs of improvement. Public sector net debt is at the highest since the early 1960s and the tax burden is on track to hit a near-80 year high.

Finance minister Rachel Reeves has said the projected public finances overspend means having to cut billions of pounds of spending.

"Those who made the mess should have to do their bit to clean it up," Starmer said, referring to the water regulator's new ability to place tough fines on companies responsible for allowing sewage into lakes and rivers.

"But just as when I responded to the riots, I'll have to turn to the country and make big asks of you as well, to accept short term pain for long term good, difficult trade off, but the genuine solution."

  • Topic
  • BRITAIN
  • POLITICS/ (UPDATE 2, PIX, TV)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Palestinian-British family die in 'tragic accident' off English coast

Related Posts

United Kingdom
August 19th, 2026

Palestinian-British family die in 'tragic accident' off English coast

United Kingdom
August 19th, 2026

Track irregularity seen at site of UK train derailment, say rail acciden...

United Kingdom
August 19th, 2026

London's FTSE 100 slips after inflation report; Smith+Nephew drops

United Kingdom
August 19th, 2026

Queen Camilla says it was difficult to keep King Charles' cancer diagnos...

United Kingdom
August 19th, 2026

Sterling holds firm after UK inflation data offers little surprise

United Kingdom
August 19th, 2026

UK inflation picks up after July surge in household energy bills

The Wire
Aug 19th 3 h ago
Government

DOJ argues Comey novel shows he knew ‘86 47’ post was a thr...

Aug 19th 3 h ago
Business

Fed policymakers' inflation concerns increased at July meet...

Aug 19th 3 h ago
Sports

Swiss rider Poncini dies in Manx GP qualifying

Aug 19th 3 h ago
Business

Amazon plans drone delivery expansion to about 500 US local...

Aug 19th 3 h ago
Litigation

Abbott settles appeal over $495 million infant formula verd...

TRENDING ON FINANCETIME
Aug 19th, 2026 Sports

Mets' Jorge Polanco (ankle) to have season-ending surgery

Aug 19th, 2026 Sports

Reports: Phillies sign free agent LHP Nestor Cortes

Aug 19th, 2026 Business

US CFTC seeks comment on compute derivatives as AI demand grows

Aug 19th, 2026 Technology

Payments firm Stripe to buy AI developer platform OpenRouter

Aug 19th, 2026 Government

ABC says intimidation by Trump's FCC forced programming changes

Markets-Sectors
ENERGY -0.01%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT