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The United Kingdom. Jeremy Hunt’s bitter budget potion

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

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Source: Le Figaro

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