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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 come here to paint a rosy picture. He has accused the conservatives of wrecking the economy, leaving him to put it right. There is a budget coming in october. And it is going to be painful. We have no other choice, given the situa ....
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Good evening welcome to newsnight for insights and interviews. The Prime Minister told us all today things will get worse before he said they would get better we already know that means tax rises, but well ask a labour Treasury Minister if it also means austerity is back in some form. Well ask what advice he has for a newsnight viewer whos nearly 80 and is having his winter fuel payment taken away, and we ask about accusations of cronyism. Is cronyism bad under a conservative government but ok under a Labour Government . Government but 0k under a Labour Government . Government but 0k under a Labour Government . Cronyism is something keir starmer government . Cronyism is something keir starmer has go ....