While PM Starmer had to accept that his own party did discredit him in Parliament over the Welfare Bill, the UK Finance Minster Reeves was seen crying in tears today in Parliament.
Pound, stock markets and UK Bonds have lost today as consequences.
Die Welt asks: “Will Starmer through the tax-bomb now?”
Indeed, the UK is in crisis. It is almost impossible for the UK Government to raise debts on the financial markets without increasing the UK interest rates, inflation and damaging the financial markets.
On the other hand, the Labor Party has opposed the reduction of welfare. The Ukraine and military budgets remain unchanged.
Die Welt sees a steep tax raise coming to the UK, a “tax bomb”.
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