Nation 'broke & broken', says new UK govt as it plans to repair economy

Britain's new left-leaning government said Sunday that the nation is broke and broken, blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes.

In a sweeping assessment three weeks after taking power, Prime Minister Keir Starmer's office professed shock at the situation they inherited after 14 years of Conservative Party rule, while releasing a department-by-department analysis of the perceived failures of the previous government.

The critique comes a day before Treasury chief Rachel Reeves is expected to outline a 20-billion-pound ($26 billion) shortfall in public finances during a speech to the House of Commons.

We will not shy away from being honest with the public about the reality of what we have inherited," Pat McFadden, a senior member of the new Cabinet, said in a statement. We are calling time on the false promises that British people have had to put up with and we .