Labour will not “turn on the spending taps” if it wins the next election, Keir Starmer will say on Monday, bolstering the view of some senior Labour MPs that he is preparing to sign up to austerity-style public sector cuts.
The Labour leader will use a speech on the economy to warn that Britain is in its worst economic state in more than half a century and lay the ground for what shadow ministers expect to be extremely tight spending constraints after the general election.
