Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

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

admin by admin
November 17, 2024
in Economy
0
While farmers protest, UK’s Starmer says will defend budget ‘all day long’
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

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

Addressing a Welsh Labour Conference in Llandudno, north Wales, Starmer did not refer directly to the farmers’ complaints, 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. Their protest included a convoy of tractors.

Farmers have warned that the move will threaten the viability of farms, force them to sell land, make produce more expensive and threaten food security.

One of the protesting farmers, Gareth Wyn Jones, told Sky News that Starmer had angered the farmers further by not speaking to them after his speech.

“It’s so frustrating that he’s run out the back door like a flippin’ rat, people here have come here to talk to him,” he said.

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

Previous Post

Most gig workers only worked a single gig for 1-3 months over the past year: BofA

Next Post

Russia resells more gas in Europe after cutting off Austria, sources, data show

admin

admin

Next Post
Russia resells more gas in Europe after cutting off Austria, sources, data show

Russia resells more gas in Europe after cutting off Austria, sources, data show

Trending News

‘Best is yet to come’: why SoFi’s guidance miss isn’t as concerning as it seems

‘Best is yet to come’: why SoFi’s guidance miss isn’t as concerning as it seems

January 27, 2025
Strategas explains why this is ‘the most investable election of our lifetimes’

Strategas explains why this is ‘the most investable election of our lifetimes’

October 22, 2024
Europe markets: Aviva’s bid boosts Direct Line, while FTSE 100 and DAX slip

Europe markets: Aviva’s bid boosts Direct Line, while FTSE 100 and DAX slip

December 6, 2024
Subscribe to Insightful Word


    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025
    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    June 6, 2025
    Starlink reportedly secures key licence in India, moves closer to launching services

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 6, 2025

    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025

    Latest News

    • China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll
    • FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more
    • Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.