Britain is bringing back austerity. Here's why | CNN Business

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The last time a British finance minister revealed tax and spending plans, markets went haywire and the country's prime minister ultimately lost her job. The new government is not looking for a repeat performance.

The last time a British finance minister revealed tax and spending plans, markets went haywire and the country’s prime minister ultimately lost her job. The new government is not looking for a repeat performance. On Thursday, Chancellor Jeremy Hunt is due to unveil a budget that will aim to restore confidence in the United Kingdom’s ability to manage its public finances. But that may be easier said than done.

“We do have to do some tax rises, do some spending cuts, if we’re going to show we’re a country that pays our way,” Hunt told Sky News on Sunday. How did the United Kingdom get here? There’s no shortage of finger pointing. Part of the problem is global in nature. Interest rates have risen rapidly around the world as central banks attempt to rein in inflation. That’s pushed up borrowing costs for the government, dealing a shock after years in which money was cheap.

 

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Mahsa_Amini Iran

UK ist slowly moving in the disaster zone. Even the White Male Very Old Tory knows that, but Nobody ist coming forward to Change Things, not even Starmer and his funny Doolittles. The British Empire ist gone, like it or not.

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'The Son of Ananse won't doze off under the tree that killed his father' Ashanti proverb

Because the globalists want it that way !

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The Islamic Republic bombarded the nation in Izeh, and in the first few minutes, all its news agencies, without publishing any details, have coordinated the crime to the protesters!We are faced with a government of serial killers. مهسا_امینی اعتصابات_سراسری

A ten y/o child was martyred today in Izeh . Apparently, they were planning to blindly shoot the security officers, but unfortunately, two families, one of which was a father and a son in Samand, were shot and the son was martyred. مهسا_امینی MahsaAmini

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