“We’ll need to make some really tough choices.”
As all government agencies must grow their competencies more than they had anticipated, spending will not increase to the level that the public wants. Some taxes won’t be decreased as quickly as people would like, and some taxes will even go up. It will be challenging,” he said to Sky News. in line with Reuters.
I want to be honest with the people, he declared. We must make some extremely difficult judgments.
We just recovered from the Korona pandemic, and the crisis of the high cost of living has made the last few weeks quite challenging.”
He went on, “Stability is what the populace, the market, and the nation require right now. We are powerless over the marketplace.
”
And he added: “But what I can do is show that we can pay the costs of our plans related to expenses and taxes, and this will require very difficult decisions, which is what I have to do now, so that people who are worried about the high mortgage and winter solutions are sure of the high costs of living, and workers in the form Health, that the stability they expect from their government is already. “.
The new British Finance Minister issues a warning about tax increases.
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