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The Prime Minister has warned that the budget this october will be painful, in his first major speech from no 10 since becoming Prime Minister. Speaking in the rose garden, he said his government had inherited a black hole in the public finances, of 22 billion. Those with the broadest shoulders should bear the heaviest burden, he cautioned, but he also said there would be big asks of everyone. The conservatives responded by saying the speech was an indication that labour had been planning tax rises all along. Vicki young has our top story. Blue skies and sunshine, but the Prime Minister didnt ...

Good evening. Big asks are going to be made of the public in octobers budget, the Prime Minister said today, in a major speech in the number 10 garden. Sir keir starmer warned that his government had inherited a black hole in the public finances of 22 billion. He said those with the broadest shoulders should bear the heavier burden. The conservatives responded by saying his speech was an indication that labour had been planning tax rises all along. In a moment, well look ahead to what may be in the budget with our Business Editor simonjack, but first, our deputy Political Editor Vicki Young Re...

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