The new government considers Britain as "bankrupt and broken"
After a closer look at the public finances, the new Labour government levels serious criticisms against their predecessors and paints a grim picture of Britain. Meanwhile, another candidate emerges in the race for the Conservative Party leadership.
According to a statement from the office of the new British Labour Prime Minister Keir Starmer, Britain is "broke and broken." The British Finance Minister Rachel Reeves will present an assessment of the country's public finances on Monday.
"The assessment will show that Britain is broke and broken - it will reveal the chaos caused by populist politics in the economy and in public service," the Starmer office stated. The assessment will show that the previous government made significant funding commitments for this fiscal year without knowing where the money would come from.
The Conservative Party, which governed Britain for the past 14 years, dismissed the Labour Party's announcement of a "black hole" in public finances as a fabricated pretext for planned tax increases. The Labour Party had concealed this during the election campaign.
First Woman Enters Race for Conservatives
Meanwhile, Priti Patel has entered the race for the Conservative Party leadership as the first woman. She announced this in a post on X and in an article for the conservative daily "The Telegraph." "I can lead us in opposition and prepare our party for the next election with unity, experience, and strength," she wrote on X.
Patel is now the fifth candidate in the race for the succession of Rishi Sunak at the head of the party. Previously, former Home Secretary James Cleverly, former State Secretaries Tom Tugendhat and Robert Jenrick, as well as former Work and Pensions Secretary Mel Stride, had thrown their hats into the ring.
The Conservative Party suffered a historic defeat in the parliamentary election at the beginning of July. The incumbent Prime Minister Rishi Sunak left Downing Street and intends to give up the party leadership. His party aims to select a new party chairman or chairwoman by early November.
The Labour Party's criticism of the United Kingdom's public finances under the Conservative Party's governance extends to the area of public expenditures, highlighting unfunded promises made by their predecessors. In the midst of this political discourse, Priti Patel, a prominent figure in the Conservative Party, has announced her candidacy for the party leadership, positioning herself as a unifying figure who can strengthen the party for future elections.
