UK Prime Minister Sir Keir Starmer has sought to reassure nervous markets that his government will not become addicted to tax and spend after this week’s Budget, as he promised to carry out tough reforms to Britain’s “creaking” state.
Writing in the Financial Times after Labour’s first Budget in 14 years sparked a bond market sell-off, Starmer attempted to dispel fears that he would rely on more tax raises and borrowing to fund public services.
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