Keir Starmer to Embrace ‘Harsh Light of Fiscal Reality’ in Key Budget

Premier says budget to include tough decisions, long-term plan
Chancellor Reeves due to announce tax hikes, extra borrowing

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By Joe Mayes

October 27, 2024 at 6:30 PM EDT

Updated on

October 28, 2024 at 4:31 AM EDT

Keir Starmer said his UK government would “embrace the harsh light of fiscal reality,” as his Chancellor of the Exchequer Rachel Reeves prepares to reveal a historic package of tax hikes and extra borrowing in a make-or-break budget on Wednesday.

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