The UK's Office for National Statistics revealed that public sector net debt reached 100% of GDP, marking the first time since the 1960s this threshold has been met.
Prime Minister Keir Starmer has cautioned that the forthcoming budget announcement on October 30 could lead to 'painful' measures, including tax increases and spending cuts.
The Labour Party has reported a 22-billion 'black hole' in public finances inherited from the previous Conservative government, necessitating urgent financial measures.
Chief Secretary to the Treasury Darren Jones stated that due to inherited debts, the government is compelled to make difficult choices to strengthen the economy.
Collection
[
|
...
]