On Monday, the British Prime Minister held a meeting with British Finance Minister Jeremy Hunt, and according to eyewitness reports of the meeting reported by British media, they agreed to raise taxes.
Regarding the meeting, the “Financial Times” indicated that concerned sources at the Treasury confirmed that it will raise taxes on all citizens.
For those with bigger shoulders They will be asked to carry the largest loadsOne of the sources said about what the UK Prime Minister had said, referring to the fact that the increase would be higher for those on higher incomes.
With the tax increase they seek to cover inability 50 billion pounds (1.13 billion pesos) of public finances.
The Treasury official stated that “it will be continueAnd “the truth is that everyone will have to contribute more in taxes in order to maintain public services.”
It will also be the cost to pay after the UK gave “hundreds of billions of pounds” during the COVID-19 pandemic and to contain the rise in electricity bills.
Liz Truss, the former prime minister, resigned after a few weeks over a fiscal problem, as she proposed a tax cut to stimulate the economy, sending markets down and fearing a potential major crisis.
We are honored to serve our country, and Tweet embedTreasury Minister.
It will be tough but protecting the vulnerable – and people’s jobs, mortgages and bills – will be at the top of our minds as we work to restore stability, confidence, and long-term growth. pic.twitter.com/8eGecW677t
– Jeremy Hunt (@Jeremy_Hunt) October 25 2022
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