'Difficult decisions': Britain announces higher taxes and spending cuts in warning sign for other governments | CNN Business

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UK Prime Minister Rishi Sunak and finance minister Jeremy Hunt laid out their much-anticipated budget plan aimed at saving £55 billion

On Thursday, UK Prime Minister Rishi Sunak and finance minister Jeremy Hunt laid out their much-anticipated budget plan aimed at saving £55 billion . “Credibility cannot be taken for granted,” Hunt said in a speech before Parliament, promoting a “rock-solid commitment” to shoring up public finances, which he acknowledged required “difficult decisions.” The move marks a major U-turn for the United Kingdom.

Despite this, Hunt said the government had to find to a way to bring down public debt as a proportion of the UK economy in five years, and to keep public sector borrowing below 3% of gross domestic product, or GDP, at that point. To help achieve that goal, taxes will rise. While “all taxpayers will be asked to contribute,” according to the Treasury, one big change will place more people in the income tax band for the highest earners.

 

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And look who suffers the working class 😂 you wonder why people don’t want to work when benefits are the better route and are on par and par with someone who does a 40 hour shift!

Hossein was transferred to the prison, his condition is very serious, so that the doctors said that he will not survive for another 5-6 days and he should be transferred to the hospital. Please be Hossein's voice. They intend to kill Hossein. mahsaamini hosseinronaghi

These are going to be tough....gosh...things will be on the increase

Johnson & his mates cost this country over £80 BILLION in mismanaged & probably criminal PPE NHS 'contracts' alone. Truss then waltzes in & wipes out almost the same again in less than 8 weeks. This Nasty Incompetent Party are not fit to run a nursery never mind a country!

You forgot “for Ukraine”

You forgot “for Ukraine”

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