LONDON: Prime Minister Keir Starmer has indicated that he may need to implement "painful" tax increases for the wealthy as part of his plan to revamp Britain. Starmer, who led the Labour Party to a decisive victory in July, aims to address the issues he believes have arisen over the 14 years of Conservative rule.

Starmer, speaking from the Rose Garden at Downing Street, acknowledged that significant changes will be required and emphasized that these changes will take time. He stressed that those who are most capable should bear the greatest financial responsibility in the upcoming October 30 budget. His approach includes making difficult choices to fix the country’s issues, both economic and societal.

"We've inherited not just an economic crisis but a societal one," Starmer said. "To address this, we must be transparent about the tough decisions ahead. Things might get worse before they improve."

During his speech, Starmer addressed various groups including apprentices, teachers, nurses, and small business owners. He reaffirmed his commitment to rebuilding trust in the government and correcting the foundational issues within the country.

The Rose Garden has previously been associated with controversy after former Prime Minister Boris Johnson’s staff held parties there during COVID lockdowns, undermining public trust in politicians—a situation Starmer has criticized.

Recently, Starmer was compelled to cancel his summer vacation to address riots led by far-right groups targeting Muslims and migrants. These disturbances were sparked by misinformation surrounding the tragic deaths of three young girls in northern England, which were falsely attributed to a Muslim migrant.

Starmer has consistently blamed the previous Conservative government for the current state of Britain, citing sluggish economic growth and high public sector debt. The Labour government is now grappling with a forecasted 22 billion-pound overspend, leading to planned budget cuts.

Finance Minister Rachel Reeves has noted the severe financial strains, while the Conservatives have criticized Starmer’s plans as a pretext for increased taxation. Despite this, Starmer assured that his government will uphold its pledge not to increase certain taxes on working individuals.

“We have no alternative given the current situation,” Starmer said, signaling the tough economic measures ahead.

Britain's Economy Grows 0.6% in Q2 2024, Exceeds Forecast

India and Singapore Strengthen Collaboration in Future-Focused Sectors

India-Singapore Ministerial Roundtable Kicks Off in Singapore