Politics latest: Starmer warned new year will be 'catastrophic' thanks to budget tax rises

Politics and Government Politics and Government

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Politics latest: Starmer warned new year will be 'catastrophic' thanks to budget tax rises

^{Published on 2024-12-02 14:30:40 - Brian Stokes, N@N}

Speaking to Politics Hub With Sophy Ridge, chef Tom Kerridge warns budget tax rises will have a "catastrophic" impact on businesses. Meanwhile, the PM makes what Sky's Sam Coates says will be "one of the biggest decisions" of his tenure.

The article from Sky News discusses the political landscape in the UK as the new year approaches, focusing on the economic challenges and political strategies. Sir Keir Starmer, the Labour Party leader, has been warned by the Institute for Fiscal Studies (IFS) that the upcoming year could be "catastrophic" due to the government's planned tax rises and spending cuts outlined in the Autumn Budget. These measures are intended to manage the UK's high debt levels but are expected to significantly impact public services and household finances. The IFS highlighted that the tax burden is set to reach its highest level since World War II, with public spending cuts also on the horizon. Amidst this, Starmer is under pressure to present a clear economic plan to counter the Conservative government's approach, especially as public discontent grows over the cost of living crisis. Additionally, the article touches on other political developments, including comments from Conservative MPs and reactions to the government's policies, painting a picture of a politically charged atmosphere as the UK heads into 2023.

Read the Full Sky Article at:
[ https://news.sky.com/story/politics-latest-starmer-warned-new-year-will-be-catastrophic-thanks-to-budget-tax-rises-12593360 ]

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