UK Prime Minister Keir Starmer warned Tuesday that his new government's first budget in just over two months will be "painful", asking the country to "accept short-term pain for long-term good".
Starmer, whose Labour Party won a landslide parliamentary majority on July 4, used his first major speech since then to lay the ground for the much-anticipated fiscal event on October 30.
He also used the address, from the Downing Street garden, to attack the ousted Conservatives, reiterating claims they had left a 22-billion ($29-billion) "black hole" in the public finances.
"There is a budget coming in October, and it's going to be painful," Starmer said.
"Those with the broadest shoulders should bear the heavier burden," he added, hinting at tax rises for some after October 30.
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