Sunak gathers to raise taxes
Britain’s new Prime Minister Rishi Sunak and Finance Minister Jeremy Hunt are preparing to raise taxes and cut government spending to cover a 50 billion pound sterling budget gap, according to the country’s media.
British Treasury sources have said that the British people will have to bear the increased tax burden in the coming year.
British media reports that it is not possible to close the budget deficit of 50 billion pounds sterling by cutting government spending alone and that all taxpayers will have to bear this burden to maintain public services. It has been agreed in a discussion held between British Prime Minister Rishi Sunak and Finance Minister Jeremy Hunt on the 29th. have done
British Prime Minister Rishi Sunak and Finance Minister Jeremy Hunt are scheduled to present the first budget on the 17th.
(Reuters)
