In an effort to calm the markets, the British Treasury said that Treasury Secretary Jeremy Hunt will give a statement today, Monday, outlining his plan for spending and taxes.
The government’s funding for the mini budget procedures will be decided by the minister, according to a statement from the ministry, which noted that “this step follows the discussions that took place over the weekend between Hunt and Prime Minister Liz Terrace and aims to ensure the sustainability of the public finances of economic growth.
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She stated that “Hunt will provide procedures from the medium -term financial plan that will support financial sustainability,” stressing that “the minister was following the plans, which will be fully issued on October 31. ”
The ministry revealed that “Hunt also met with the governor of the Bank of England and the head of the debt management office on Sunday night to inform them of the plans.
” It is noteworthy that last Friday, Treas, the Minister of Treasury, Kawasi Quarting, gave her pledge to cancel a planned increase in corporate tax, in an effort to stick to her position only six weeks after receiving it.
Terrace initiatives, which included lowering the income tax rate on high earners, have drawn heavy criticism since they go short of assuaging concerns about the rising cost of life in Britain.
Senior conservative deputies are expected to meet today, Monday, to discuss the future of the prime minister. Some of them want to step down within the next few days, while others argue that she is currently “in her position but she is not in the position of control.” Following the failure of its tax reduction initiative, others have threatened to invite Public Terrace to resign.
Source: RT and ITV.
In Britain. The Treasury Secretary announces his budget for taxes and spending.
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