change track On the economic policy From United kingdom. The new minister british finance, Jeremy HuntIn various interviews last Saturday, he made clear that there would be a shift in the economic policy of his predecessor. Hunt warned that they must be taken.”tough decisions” for Correction of the economic project The government announced it Some taxes will go up.
“I want to be honest with people: we have to take that tough decisionsIn his first public remarks as finance minister, he said, the past few weeks have been very difficult France Press agency. Confessed to the new minister in BBC and Sky News that the executive “was wrong” and that “there are two mistakes”Income tax reduction on large wealth from 45% to 40% Announcing these plans Without the prior approval of the Office of Budget Responsibility. “The prime minister realized (these mistakes), and that’s why I’m here,” he said, adding that he shared the “basics” of her economic plan.
Conservative Prime Minister les trusshis name is Hunt on Friday to replace him Quasi QuartingAfter the financial plan was announced at the end of September The British pound fell against the US dollar They shot the The cost of long-term debt United Kingdom, forcing the Bank of England to intervene Preventing the bankruptcy of several pension funds.
During the conference, Truss also announced that there will be Corporate tax increase next April, something he had flatly ruled out during the Conservative primary campaign. Two weeks ago there was already give up One of its most controversial actions: Eliminate the maximum tax bracket of 45%.For income in excess of 150,000 Egyptian pounds ($170,000) per year.
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Hunt is Fourth British Finance Minister in a yearWhich gives an idea of the depth Instability Country live. Former Minister From External relations and health and close to Rishi Sunak –gear discount In the campaign to get to Downing Street – Hunt has a daunting task ahead as he has to take responsibility for the budget announced by his predecessor in September and very poorly received by the markets, a fair part of the Conservative Party and the population.
“The Finance Minister can’t control marketsBut what I can do is show that we can Funding our projects Over the Taxes and Expenses This will require very difficult decisions.” Sky News. In the absence of more details about Economic rotation which the new Treasury Secretary intends to introduce, Hunt warned that “Taxes won’t go down much As people expected and some taxes They will have to go up” , just a day after Truss publicly recalled that he appeared in the recent conservative primaries with a clear commitment to “fiscal discipline” that factored in, among other things, tax cuts.
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