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International Business Times
International Business Times
Business
Alexandra BACON

UK's Labour Govt Prepares To Unveil Its First Budget

Sir Keir Starmer United Kingdom Rachel Reeves Britain
UK finance minister Rachel Reeves is preparing to deliver her first budget next week (Credit: AFP)

Britain's new Labour government unveils its maiden budget Wednesday, with Prime Minister Keir Starmer warning of "painful" decisions over taxes and public spending.

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 sluggish economy.

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