Fiscal strain: Starmer holds a press conference in Downing Street in London. While fresh tax hikes may help fix the budget hole, they risk backfiring if they slow the economy. — AFP
LONDON: British Prime Minister Keir Starmer’s “defining mission” of spurring stronger growth in the UK economy relies on investment that so far is barely showing up.
His Labour government has ramped up planned spending on buildings, railways and information technology, with Chancellor of the Exchequer Rachel Reeves committing an extra £120bil over five years to provide the infrastructure that the United Kingdom’s public services require.
