Bullet points of UK PM Starmer warns of 'painful' October budget to tackle shortfall in public finances
- Sir Keir Starmer announced upcoming spending cuts to address a £22 billion shortfall.
- Labour plans to raise funds through tax measures and strengthening regulations.
- The government focuses on economic growth and fiscal responsibility.
- Starmer emphasized the need for short-term sacrifices for long-term benefits.
- The speech received criticism from other political parties.
- The Conservatives' response is awaited by financial markets.
- Labour aims to avoid raising taxes for working people in the upcoming budget.
- Starmer warned of more tough decisions ahead.