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New UK government faces tough economic challenge

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Britain's Labour Party leader Keir Starmer delivers a speech during a victory rally at the Tate Modern in London early on July 5, 2024. [AFP]

Britain's new Labour government has pledged immediate action to grow the economy after clinching a landslide election victory to oust the Conservatives, but its task could be hampered by strained state finances following huge Covid expenditures.

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