Faced with a financial crisis, the Lis Truss government is scaling back all of its tax measures

Hardly reported, already denied. The new British Chancellor of the Exchequer, Jeremy Hunt, announced the cancellation on Monday, October 17 “Almost All Tax Activities” Announced three weeks ago by its predecessor Quasi Quarteng, it sent British markets into turmoil. Mr. hastily appointed on Friday. Hunt insisted that the British government’s priority was recovery. “stability”.

According to him, the new tax measures will generate an additional £32 billion (€37 billion) in annual revenue.

The government intends to cap energy-based subsidies to Britons, with the price cap set to expire in April 2023. Beyond this date, the government will look for other solutions to help the most vulnerable families. The freeze on energy tariffs was announced two years early to protect public finances “Conversion” Gas price.

“Other Hard Decisions” It comes to government spending and taxes, he said.

After Friday’s disastrous press conference, Prime Minister Liz Truss will meet MPs in the evening to try to convince them she still has a future at 10 Downing Street, if she can.

read more: The article is reserved for our subscribers In England, the Chancellor of the Exchequer has been sacked and Liz Truss is on the loose

The pound rebounded against the dollar and euro on Monday, ahead of the announcement of more details on the Jeremy Hunt ministry’s plan to reassure markets.

The world with AFP

See also  War in Ukraine: Why fear an "unprecedented food crisis" in 12 to 18 months?

Leave a Reply

Your email address will not be published.