Stock

While farmers protest, UK’s Starmer says will defend budget ‘all day long’

1 Mins read

LONDON (Reuters) – British Prime Minister Keir Starmer said on Saturday he would defend decisions taken in his new Labour government’s first budget “all day long”, while farmers protested over changes to inheritance tax.

Addressing the Welsh Labour Conference in Llandudno, north Wales, Starmer did not refer to the farmers’ complaints directly, but he said he stood by the decisions made in finance minister Rachel Reeves’ Oct. 30 budget statement.

“Make no mistake, I will defend our decisions in the budget all day long,” he said.

“I will defend facing up to the harsh light of fiscal reality, I will defend the tough decisions that were necessary to stabilise our economy.”

While Starmer spoke, hundreds of farmers protested outside the conference venue over a budget measure that will mean more of them having to pay inheritance tax.

They have warned that the move will threaten the viability of farms, make produce more expensive and threaten food security.

Farmers plan a major protest in London on Nov. 19.

UK businesses have also warned that increased employment taxes and a rise in the minimum wage from the budget will stoke inflation and have a negative impact on investment and jobs.

This post appeared first on investing.com

Related posts
Stock

Moody’s raises Sri Lanka’s rating after debt overhaul approval

1 Mins read
(Reuters) – Credit ratings agency Moody’s (NYSE:MCO) on Monday raised Sri Lanka’s long-term foreign currency issuer rating to ‘Caa1’ from ‘Ca’ with…
Stock

Xerox to buy printer maker Lexmark from Chinese owners in $1.5 billion deal

1 Mins read
(Reuters) -Xerox Holdings said on Monday it would buy Lexmark International, the maker of printers and printing software, in a$1.5 billion deal….
Stock

S&P 500 to finish 2025 at 7,000, Capital Economics forecasts

1 Mins read
Investing.com — Analysts at Capital Economics said in a research note Monday that they are maintaining their 2025 year-end forecast of 7,000 despite…

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.