British Prime Minister Rishi Sunak promised on Saturday that the budget he will present in mid-November will be “
just “, while I reiterate that the decisions that had to be made were”
difficult », in light of the economic and financial crisis that Britain is going through.
The government must unveil its budget decisions on November 17at a time when the country is experiencing record inflation and is marked by financial concerns caused by Liz Truss’ former Conservative government.
“Inflation is enemy number one”
According to several British media, the Prime Minister and his Chancellor of the Exchequer (Secretary of Finance) Jeremy Hunt is considering up to £50 billion in tax increases and spending cuts to ensure the long-term stability of public finances, heralding a return to austerity.
There are difficult decisions to be made “but”
we will be fair in how we will approach them “, Rishi Sunak promised on Saturday in an interview with The Times newspaper, ten days after his arrival in Downing Street in the wake of Liz Truss’s resignation.
However, he warned that the government could not “
don’t do everything and that he must choose the priorities. Or else, “
it means borrowing money, which ultimately leads, as we have seen, to high inflation, loss of credibility and rising interest rates “, he emphasized.
I think inflation is enemy number one Rishi Sunak again vowed to tackle the problem, while the Bank of England again raised interest rates sharply this week in a bid to stem the rise in prices, which peaked at 10.9% October in the UK.
Rishi Sunak wants to be ‘honest’ and ‘fair’
Britons are bearing the full brunt of price rises but also interest rates that increase the price of mortgage loans. Many strike movements have taken place in recent months to demand wage increases.
Event gathered thousands of people Saturday in London at the urging of the People’s Assembly movement and with the support of trade unions to protest this cost of living crisis and to ask for electionat a time when the Conservatives, who have been in power for 12 years, are struggling in the polls against the Labor opposition.
My mission is to regain the trust of the British people “while you are”
honest” and “fair”. ” and in “
is about topics that matter to people said mr. Sunak.
“I’m someone they can trust to understand the economy “, he insisted in a thinly veiled jab at his predecessor, who spent less than 50 days in Downing Street.
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