- Analytics
- News and Tools
- Market News
- UK PM Starmer: Things will get worse before they get better
UK PM Starmer: Things will get worse before they get better
Speaking on the economic outlook at the Rose Garden at Downing Street on Tuesday, Prime Minister Keir Starmer warned that "things will get worse before they get better".
Additional quotes
The budget coming in October will be painful.
Those with the broadest shoulders should pay the heaviest burden.
I will have to make big asks of the public, to accept short term pain for long term good.
We have inherited not just an economic black hole but a societal black hole and that is why we have to take action and do things differently. Part of that is being honest with people about the choices we face and how tough this will be.
Market reaction
GBP/USD holds a part of the intraday gains near 1.3235 following these comments, adding 0.34% so far.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
