What's the REAL Impact of Keir Starmer's Speech on Your Wallet?

Keir Starmer warned the public today  "things are worse than we ever imagined"   in a major speech from the No10 rose garden. The PM - now over halfway through his first   100 days in office - stressed the Government  faced more difficult decisions in the lead up   to October's Budget. The gloomy message came as  the new Labour Government faces intense anger   over the decision to scrap universal winter  fuel payments for pensioners last month.  Defending the move, Mr Starmer said that while  he did not want to make the decision, it was one   of the "tough actions" needed because of a  £22 billion black hole in the public finances.  He also said he inherited a "societal  black hole" exposed by recent rioting.   But he also attempted to compare the clean-up  of the riots by members of the public to the   work of the new Government to "fix" the country. He said: "The people who got together the morning   after, all around the country, with their brooms,  their shovels, their trowels and cleared up their   community, they reminded us who we really are. I  felt real pride in those people who cleaned up our   streets, rebuilt the walls, repaired the damage. "And I couldn't help thinking about the obvious   parallels, because imagine the pride we will  feel as a nation when after the hard work of   clearing up the mess is done, we have  a country that we have built together,   built to last, that belongs to every single  one of us, and all of us have a stake in it. Here The Mirror looks at some of the  key points from Mr Starmer's speech.  October's Budget will be 'painful' In the most stark message of his address from   No10 rose garden, the PM warned the country the  Budget on October 30 will be "painful". He did not   specify any of the measures set to be announced  by the Chancellor Rachel Reeves but hinted the   wealthiest could be asked to pay more in taxes. Grappling with a £22billion blackhole identified   by the Government last month, he said: "There  is a Budget coming in October and it’s going   to be painful. We have no other choice, given the  situation that we're in. Those with the broadest   shoulders should bear the heavier burden, and  that's why we're cracking down on non-doms."  In a frank message to voters, Mr Starmer said  the country would have to "accept short term   pain for long-term good, the difficult  trade off for the genuine solution".  He added: "And I know that after all that you  have been through, that is a really big ask   and really difficult to hear. That is not  the position we should be in. It's not the   position I want to be in, but we have to end the  politics of the easy answer, that solves nothing."  But the PM did make clear his election  manifesto vow not to hike taxes on   "working people" - including income tax,  VAT and national insurance - would stand.  More 'difficult trade offs'  after axing winter fuel payments  Last month the Chancellor announced she  would axe the winter fuel payments for   millions of pensioners - a move that has provoked  widespread anger. Instead the support will now   be means-tested but the announcement by Ofgem  last week that energy prices will increase in   October has intensified the backlash. Addressing the "difficult decision",   Mr Starmer said today: “I didn’t want to mean-test  the winter fuel payment but it’s a choice we had   to make. We have made that difficult decision to  mend the public finances so everyone benefits in   the long-term, including pensioners. "Now that is a difficult trade off,   and there will be more to come. I won't shy away  from making unpopular decisions now, if it's the   right thing for the country in the long-term,  that's what a government of service means."  Shortly after his speech, the coordinator of  the End Fuel Poverty Coalition Simon Francis,   warned that scrapping winter fuel payments  "has the potential to create a public health   emergency which will actually create more  pressure on the under-pressure NHS which the   Prime Minister says he wants to fix". Tories borrowed £5billion more more   than expected, PM claims The Prime Minister said he   was unaware until last week that the Tories  had borrowed £5billion more than expected.  He said watchdog the Office for Budget  Responsibility (OBR) had also been   caught off-guard by the figure. He claimed Rishi  Sunak and co "hid" the dire state of the economy.  Mr Starmer said: "In the first few weeks, we  discovered a 22 billion pound black hole in   the public finances. And before anyone says 'oh  this is just performative or playing politics,   let’s remember, the OBR did not know about it." He went on: "And they didn’t know - because the   last government hid it. Even just last  Wednesday we found out that – thanks   to the last government’s recklessness - we  borrowed almost £5billion more than the OBR   expected in the last three months alone.  That’s not performative – that’s fact."  The OBR last week said it expected borrowing  to be £4.7billion less than it was. Instead,   figures released last week showed  it had reached £51.4billion.  PM had to check prison capacity  every day during summer riots  The PM said during his speech dealing with  the scenes of rioting and looting that   hit the country earlier this summer was  "much harder" than in 2011. At the time,   Mr Starmer was Director of Public Prosecutions,  and said today he had no doubt the courts could   respond to the violent disorder over a decade ago. But addressing the recent riots, he went on:   "Every day of that disorder, literally  every day, we had to check the precise   number of prison places and where those  places were to make sure we could arrest,   charge and prosecute people quickly." Blasting the failures of the previous   Conservative government, he went on: "Not  having enough prison places is about as   fundamental a failure as you can get and  those people throwing rocks, torching cars,   making threats, they didn't just know the system  was broken, they were betting on it, gaming it.  They thought 'Ah, they'll never arrest  me and if they do, I won't be prosecuted,   and if I am, I won't get much of a sentence'. "They saw the cracks in our society after 14 years   of failure and they exploited them. That's what  we've inherited. Not just an economic black hole,   a societal black hole and that's why we have  to take action and do things differently."