Summary

  • The prime minister warns October's Budget "is going to be painful" in a speech in the Downing Street rose garden

  • Keir Starmer says "we have not just inherited an economic black hole, but a societal black hole"

  • Pressed on potential tax rises, Starmer repeats his election pledge that there will be no increases to income tax, VAT or National Insurance - but says full details will be laid out in the Budget

  • Conservative leader Rishi Sunak says the speech is "the clearest indication of what Labour has been planning to do all along - raise your taxes"

  • Elsewhere in the speech, the PM condemned the riots, saying they exposed the UK's "deeply unhealthy society"

Live Reporting

Edited by Sophie Abdulla

  1. Starmer to vow to 'reverse a decade of decline'

    The prime minister is due to deliver a speech this morning where he will promise to "root out 14 years of rot and reverse a decade of decline".

    Sir Keir Starmer is expected to speak at 10:00 BST in Downing Street's rose garden.

    It comes a week before Parliament returns from a shortened summer recess on Monday.

    His speech will be in front of an audience of around 50 members of the public he met on the election campaign trail, including small business owners and firefighters.

    Stay with us as we bring you the key lines from his speech.