this post was submitted on 29 Jul 2024
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LONDON (AP) — Britain’s new left-leaning government said Sunday that the nation is “broke and broken,” blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes.

In a sweeping assessment three weeks after taking power, Prime Minister Keir Starmer’s office professed shock at the situation they inherited after 14 years of Conservative Party rule, while releasing a department-by-department analysis of the perceived failures of the previous government.

The critique comes a day before Treasury chief Rachel Reeves is expected to outline a 20-billion-pound ($26 billion) shortfall in public finances during a speech to the House of Commons.

“We will not shy away from being honest with the public about the reality of what we have inherited,’’ Pat McFadden, a senior member of the new Cabinet, said in a statement. “We are calling time on the false promises that British people have had to put up with and we will do what it takes to fix Britain.”

Starmer’s Labour Party won a landslide election victory earlier this month following a campaign in which critics accused both major parties of a “conspiracy of silence” over the scale of the financial challenges facing the next government.

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[–] lazynooblet@lazysoci.al 10 points 1 month ago (3 children)

We pay some of the highest taxes in the world yet we are poor? Surely this is corruption.

[–] thebestaquaman@lemmy.world 41 points 1 month ago* (last edited 1 month ago)

See what 14 years of stories picking apart public institutions does to a country...

[–] ours@lemmy.world 19 points 1 month ago

You paid taxes? Then you must not be a billionaire.

[–] Nuke_the_whales@lemmy.world 10 points 1 month ago

Yeah pretty much the root of it. I posted above that the UK has 165 billionaires. You'd think they could get money out of those people to help fund society.