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International Business Times
International Business Times
World
Alexandra BACON

UK's Labour Govt Prepares To Deliver Decisive First Budget

Sir Keir Starmer Rachel Reeves United Kingdom Britain
Finance minister Rachel Reeves prepares to present the first budget of the new Labour government (Credit: AFP)

Britain's new Labour government unveils its first budget on Wednesday, with Prime Minister Keir Starmer warning of tax rises and public spending cuts as he focuses on long-term growth.

The highly-anticipated fiscal update -- the first under the centre-left government after 14 years of Conservative rule -- is crucial to Starmer's mission of firing up Britain's economy.

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