And this Budget It is the first for the Labor Party, which came to power at the beginning of July, and it has become a subject of anticipation. It also raises fears after the Prime Minister announced that it would be “painful” due to tax increases and spending cuts.
A statement issued by Downing Street on Sunday quoted Starmer as saying that he would reject “austerity, chaos and decline, in favor of economic stability, investment and reform.”
With enthusiasm fading four months after the general election, the Prime Minister promised the British people “better days”, through… Investment “In the future” and rebuilding public services.
And step aside Starmer Blaming the “disastrous legacy” of the Conservatives who held power in the United Kingdom for 14 years, considering that Pt Now in an “unprecedented situation.”
Previously Minister of Finance Rachel Revis She warned that the new government would have to make “difficult decisions” in terms of reducing and increasing spending Taxesin its first budget scheduled to be presented on October 30.
Since the Labor Party’s victory, the minister has been repeatedly accused Conservatives Led by the former Prime Minister Rishi Sunak Leaving a gap of 22 billion pounds (about 26 billion euros) in this year’s budget.
However, the Prime Minister said that he would not “use this as an excuse” and that he expected to be “judged on his ability to deal with this situation” which requires making “difficult decisions”.
The government has given assurances that it will not raise taxes on “people who work,” which is the main promise of its campaign, but the absence of precise criteria to define this category now raises questions.
Education Minister Bridget Phillipson reiterated Sunday that “when people look at their payslips, they won’t see higher taxes,” without being able to provide further details.
And will have to Minister of Finance Save up to £40 billion a year by 2030 if it wants to avoid a return to austerity, according to what the British press and economists say.
