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UK is 'broke and broken', new government says as it prepares to tackle shortfall in public finances

By Economic Times - 4 months ago
Britain's new left-leaning government has criticized the nation as "broke and broken," blaming its predecessors for the situation. Prime Minister Keir Starmer's office released a department-by-department analysis of the perceived failures of the previous government, three weeks after taking power. The critique comes a day before Treasury chief Rachel Reeves is expected to outline a 20-billion-pound ($26 billion) shortfall in public finances during a speech to the House of Commons.

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