British Prime Minister Rishi Sunak promised on Saturday that the budget he is due to present in mid-November will be “just“, while repeating that the decisions to be made were “difficult», in the face of the economic and financial crisis that the United Kingdom is going through. The government is due to unveil its budget decisions on November 17, at a time when the country is experiencing record inflation and is prey to financial concerns caused by the previous Conservative government of Liz Truss.
According to several British media, the Prime Minister and his Chancellor of the Exchequer (Finance Minister) Jeremy Hunt are considering up to 50 billion pounds in tax hikes and spending cuts to reassure on the long-term stability of finances public, heralding a return to austerity. “There are tough decisions to be made” most “we are going to be fair about how we are going to approach them“, promised Rishi Sunak Saturday in an interview with the daily newspaper The Times, ten days after his arrival in Downing Street in the wake of the resignation of Liz Truss.
SEE ALSO – United Kingdom: Rishi Sunak begins his mandate in the clamor of Parliament
However, he warned that the government could not “not do everythingand that he should choose the priorities. Otherwise, “it means borrowing money, which ultimately leads, as we have seen, to high inflation, loss of credibility and rising interest rates“, he underlined. “I think inflation is enemy number oneRishi Sunak said again, promising to tackle the problem, while the Bank of England raised its rates again sharply this week in an attempt to stem the rise in prices, which reached a peak of 10.9. % in October in the United Kingdom.
The British are bearing the full brunt of price rises but also those of interest rates which increase the cost of mortgages. Numerous strike movements have taken place in recent months to demand wage increases.
Read alsoUnited Kingdom: Rishi Sunak faces the challenge of rigor to restore economic credibility
A demonstration brought together thousands of people on Saturday in London at the call of the People’s Assembly movement and with the support of trade unions to protest against this crisis in the cost of living and to demand an election, at a time when the Conservatives in power for 12 years are struggling in the polls against the Labor opposition.
«My mission is to regain the confidence of the British“, while being “honest» et «just” and in “acting on issues that matter to peoplesaid Rishi Sunak. “I’m someone they can trust to understand the economy“, he insisted, in a thinly veiled spade to his predecessor, who remained less than 50 days in Downing Street.