Keir Starmer has warned that things will get worse for the UK before they get better. The prime minister asked the country to accept short-term pain for the long-term good and warned of a tough budget to come in October, blaming the Conservatives for leaving a “black hole” in the public finances.
Labour is taking a leaf from the coalition playbook, when then-chancellor George Osborne blamed the previous Labour government for the dire state of the public finances after the global financial crisis, which was used to justify austerity.
But are things really so gloomy for the new government?
