Correspondent in London
The budget announcements on Thursday will seal the mandate of new Prime Minister Rishi Sunak and should restore the country’s confidence after the chaos created by the passing of Liz Truss and her unfunded tax breaks. The drink is bitter, a mix of tax increases and spending cuts. A return to frugality goes without saying.
In a bid to clean up public spending, Chancellor of the Exchequer Jeremy Hunt presented the budget savings to Parliament on Thursday, with £25 billion in tax increases and £30 billion in spending cuts. Only the health and education budget will increase. To calm the markets, Hunt suggested a “A Balanced Sustainability Plan “. The main priority over growth is the fight against inflation, which jumped to 11.1% in October, a peak not seen in 41 years. He “ affects the poorest more. emphasized the finance chancellor
This article is for subscribers only. You have 76% left to discover.
Black Friday
-70% on digital subscription
I ENJOYED
Already subscribed? enter
Source: Le Figaro
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.