British Prime Minister Keir Starmer attends a press conference with Italian Prime Minister Giorgia Meloni (not pictured) at Villa Doria Pamphilj in Rome, Italy, September 16, 2024. REUTERS/Remo Casilli/ File Photo
ROME (Reuters) - British Prime Minister Keir Starmer said that his government's first budget next month wouldn't take steps that undermine his goal to generate growth, but warned that unfunded spending commitments could damage the economy.
Elected in July, Starmer has said he has a dire inheritance left by the previous Conservative administration, and new finance minister Rachel Reeves has warned that taxes are likely to rise in her first budget on Oct. 30 because of what she said was a 22 billion pound ($29 billion) black hole in the public finances.
