London. The 61-year-old will take over as the new British Prime Minister – his Labour economic policy is likely to soon be the talk of the town.
A newly elected prime minister must first obtain permission from his boss before starting work. Naturally, this obligation also applies to the newly appointed Prime Minister Keir Starmer not exempt. Remember: Great Britain is a monarchy and each government is officially called “Her Majesty’s Government”. The winner of the election must first go to Buckingham Palace drive and Charles III politely ask permission to form the next government.
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Charles will not say no. Starmer will then be taken to his new home – 10 Downing Street is the Prime Minister’s official apartment and residence. There he will deliver his first address to the nation. This will be followed by discussions with security teams and state officials. Tony Blair recalls how Cabinet Secretary Robin Butler, then a senior civil servant, sat down at the table next to him and said: “So what do we do now? We’ve studied your campaign programme and we’re ready to get to work.”
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First, Starmer will assemble his cabinet. The process could last until the weekend. Then he can start governing. There’s a lot riding on Starmer’s shoulders. In recent years, there have been a number of problems for the new government to deal with – from the threatened collapse of water company Thames Water to the Financial crisis of universities that may soon go bankrupt.
Economic policy will soon be the focus of attention. Starmer and the incoming Chancellor of the Exchequer, Rachel Reeves, have tirelessly reiterated throughout the election campaign that growth is their top priority. “I will invest my energy and political capital Economic growth “We will invest,” Reeves said. There will be no tax increases for “working people,” but Labour will also be “fiscally responsible” – meaning no significant increase in government spending can be expected.
However, economists doubt that this calculation will work. Several experts have recently warned that Labour’s plans were based on overly optimistic forecasts. However, if the expected growth does not materialise and taxes are not raised at the same time, then severe cuts in public spending will be inevitable – but this will also have to be done Keir Starmer deleted.
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The new government may announce very early that public finances are in a worse state than expected. This could justify possible tax increases. We recall the now infamous incident during the change of government in 2010, when the Conservatives came to power. An outgoing Chancellor of the Treasury left his Conservative successor a note on his desk in which he had written: “Sorry, no money left. It should have been a joke – but the Tories pounced: Look, Labour.” It left us in ruins, they said. It helped the government justify its draconian austerity policies.
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Such grade will be given to the aspirants Minister of Labor You probably won’t find it. Budget figures are also publicly available – everyone knows what the state’s finances look like. However, the new government could use the excuse that it underestimated the extent of the problem. This is common among new finance ministers, writes the Guardian’s economic commentator.. “Early action would have two advantages: you can hold the outgoing government accountable, and you can quickly put the bad news behind you.”