Keir Starmer responded to forecasts from the National Institute of Economic and Social Research suggesting a public finance shortfall of up to 51 billion pounds. He disagreed with the figures presented, stating some do not match his recognition. Starmer asserted the government's focus will be on raising living standards through increased wages and managing costs. He noted that interest rates have been cut four times, positively impacting mortgage payments. As the autumn budget approaches, he emphasized that the focus would remain on the economy's stabilization and enhancing people's finances.
Starmer emphasized that some figures concerning the public finances, particularly the projected shortfall, are not recognized by him and indicated a need to prioritize living standards.
Despite warnings from NIESR about a significant public finance shortfall, Starmer maintained that the government’s focus would remain on raising living standards through better wages and managing cost pressures.
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