UK's New Labour Government Likely To Drop Challenge To ICC Over Netanyahu's Arrest WarrantBritain 's government has declared the country "broke and broken" ahead of an evaluation of public finances on Monday, which the newly-elected Labour Party will use to blame a 20 billion pound ($26 billion) shortfall to their predecessors. "The Conservative Party has dismissed Labour’s claims of a financial 'black hole' as a pretext for tax increases that were not disclosed during the election campaign. This process determines the budget allocation for each department. Additionally, Reeves is expected to approve above-inflation pay raises for teachers and health workers.The exact approach Labour will take to address the identified shortfall remains unclear. The party’s immediate emphasis is on transparency and detailing the challenges left by the previous administration.


Source:   The Times
July 28, 2024 13:49 UTC