Finance

UK's Starmer says firm and fair decisions needed to control debt

Published by Global Banking & Finance Review

Posted on September 30, 2025

1 min read

· Last updated: January 21, 2026

Add as preferred source on Google
UK's Starmer says firm and fair decisions needed to control debt
Global Banking & Finance Awards 2026 — Call for Entries

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

Keir Starmer Calls for Firm and Fair Measures to Tackle National Debt

Addressing National Debt Challenges

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.

The Importance of Fiscal Rules

"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."

Risks of Unfunded Pledges

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)

Key Takeaways

  • Keir Starmer calls for firm decisions to manage UK's national debt.
  • Unfunded pledges pose a risk to the economy.
  • Fiscal rules are deemed non-negotiable by Starmer.
  • Starmer's speech was delivered at the Labour Party conference.
  • The government is responsible for controlling national debt.

Frequently Asked Questions

What is debt sustainability?
Debt sustainability refers to a country's ability to maintain its current level of debt without requiring debt relief or accumulating excessive new debt.
What is an unfunded pledge?
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.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category