News from Al-Madina: Jeremy Hunt, the newly appointed finance minister of the United Kingdom, announced today, Saturday, that while certain taxes will rise, government spending will rise less than anticipated due to the necessity to make painful choices to rebuild Britain’s financial credibility.
“We’ll need to make some really tough choices.”
“The spending will not rise to the extent that people want, as all government agencies must increase their competencies more than they were planning.
Some taxes won’t be decreased as quickly as people would like, and some taxes will even go up. It will be challenging, “He spoke to Sky News. in line with Reuters.
He stated: “I want to be open and honest with the public. 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 continued, “What the people want, the market, and the country needs now, is stability . ..
The markets are not under our control.
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. ”
Sky News.
The new British Finance Minister issues a warning about tax increases.
About Author
