Starmer emphasized that the upcoming budget would be painful, stating, "There is a budget coming in October and it's going to be painful. We have no other choice, given the situation that we're in." This acknowledgment of difficult decisions underlines the challenges he faces in addressing a significant 22bn financial shortfall.
Acknowledging the severity of the financial issues, Starmer remarked, "In the first few weeks we discovered a 22bn black hole in the public finances... the OBR did not know about it – they wrote a letter setting that out." This highlights the unexpected scale of the challenges ahead for his administration.
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