Finance
UK's Starmer says firm and fair decisions needed to control debt
Published by Global Banking and Finance Review
Posted on September 30, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 30, 2025
1 min readLast updated: January 21, 2026
Keir Starmer stresses the need for firm decisions to manage UK's national debt, warning against unfunded pledges at the Labour Party conference.
LONDON (Reuters) -Britain's Prime Minister Keir Starmer said on Tuesday that firm and fair decisions were needed to bring national debt under control, warning that unfunded pledges could put the economy at risk.
"A world as volatile as ours, that's dangerous," Starmer said in a speech during the Labour Party conference in Liverpool. "It demands firm and fair decisions to control our debt. This is the responsibility of government, I don't complain about it. I expect to be judged on my ability to deal with it."
Starmer also said fiscal rules were non-negotiable.
(Reporting by Alistair Smout, Andrew MacAskill and Elizabeth Piper; Writing by Catarina Demony; Editing by William James)
Debt sustainability refers to a country's ability to maintain its current level of debt without requiring debt relief or accumulating excessive new debt.
An unfunded pledge is a commitment to spend money that is not backed by actual financial resources or revenue, potentially leading to increased national debt.
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