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Business Maverick: UK’s Sunak reconsiders tax rises – The Telegraph

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British Prime Minister Rishi Sunak is considering tax rises and major public spending cuts, according to The Telegraph.

of a keenly awaited plan for repairing the country’s public finances until 17 November, two-and-a-half weeks later than previously planned.

The fortnight delay is expected to shrink the size of the black hole in the public finances by up to £10-15 billion, the newspaperThe report noted a rapid fall in the interest rate paid on government gilts and a reduction in the international gas price.

 

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