Speaking on Tuesday, the prime minister will say the government has also taken on a “societal black hole”.
It will come after chancellor Rachel Reeves claimed the government inherited a £22bn black hole in the public finances from the previous Conservative administration last month.
“Things are worse than we ever imagined”, he will warn, adding: “And that is why we have to take action and do things differently. Part of that is being honest with people – about the choices we face. And how tough this will be.
“Frankly – things will get worse before we get better.”
The warnings come as the government prepares for its first Budget, to be unveiled on 30 October, which will force the Treasury to take tough decisions on spending and taxation.
Diese Geschichte stammt aus der August 25, 2024-Ausgabe von The Independent.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 25, 2024-Ausgabe von The Independent.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Stop buying clothes now!
As fashion campaigners demand 'degrowth' for an industry responsible for 10 per cent of global pollution, Helen Coffey talks to designers and activists about how, with 100 billion garments made every year, we risk shopping till we drop
The inspiration at heart of Slot and Guardiola's rivalry
Liverpool and Man City bosses set to meet for the first time
Has Bethell's Test cricket baptism come too soon?
Jacob Bethell, 21, has been thrust into England side based on potential. Could the risk backfire, asks Cameron Ponsonby
Resurgent Arsenal thrash Hammers in giddy goal fest
Arsenal plundered another hatful of goals at West Ham as they climbed up to second in the Premier League with a frenetic 5-2 victory.
Defensive Lionesses cancel USA in tactical stalemate
Another night of learning for England and Sarina Wiegman, even if the only fireworks produced from the visit of Emma Hayes and the United States were those in the pre-match light show at Wembley.
Grandmother lost savings and her business after being wrongly charged with fraud
Krista Brown receives 'unreserved' apology after seven-year ordeal at hands of Crown Prosecution Service and HMRC
Indian women are being 'controlled' by forest drones
Researchers say wildlife cameras are used to harass them
Rebels seize control of Aleppo in blow to Assad
Thousands of opposition forces took control of Syria’s second city Aleppo and its airport in a shock assault that marked their largest advance and the biggest challenge facing Syrian president Bashar al-Assad in years.
Ukraine could use a Trump peace deal to buy some time
After Putin's brutal invasion of Ukraine, Western leaders repeated constantly that they would stand behind Kyiv \"as long as it takes\", first as Ukraine struck back, then as Russia counterattacked.
Zelensky's plan for peace a 'major concession' to Putin
UK's former ambassador to Russia praises Ukraine president
