Expectations are that taxes will rise and public spending will be further cut in the October budget as the Labour government attempts to bring down the national debt.
news.sky.com
Looks like austerity is back on the menu (did it ever leave)
I know you can't magic money out of nowhere (well, without kicking the can down the road) and they've inherited a right mess, but it's still depressing
Hopefully the raised taxes are on corporations etc. considering the labour manifesto spoke about how the tax burden on working people atm is the worst ever and they pledged not to raise taxes