Budget 2024 live: Starmer warns public must be ‘realistic’ in key speech before Reeves’ unveiling

Keir Starmer delivered a stark speech warning of “unprecedented” economic challenges in the West Midlands, ahead of Labour’s upcoming Budget led by chancellor Rachel Reeves. Starmer emphasized the need for a clear path and a credible long-term plan amidst expected tax rises, sparking controversy over reported plans to increase employer national insurance contributions and capital gains. The prime minister and chancellor are preparing for the fiscal event, managing expectations as the nation awaits the outcome of one of the most anticipated fiscal events in over two decades.

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