This is an administration that promised 'shock and awe' - as one of the key figures put it to me - when they entered government three weeks ago. And on that, Liz Truss and her chancellor are delivering. Sky's BethRigby gives her analysis 👇
"Go big or go home" seems to be the mantra of this new administration, and on Friday Mr Kwarteng - and I quote here Paul Johnson of the Institute of Fiscal Studies - decided not just to gamble on a new economic strategy, but bet the entire house.
Tax cuts and economic growth, two principles of Conservative economic policy, but what the chancellor appeared to do was to throw the party's reputation for fiscal responsibility out of the window in the pursuit of growth above all else. The government's fiscal rules had stipulated that debt should be falling as a share of gross domestic product within three years.
Meanwhile, the UK's public debt burden looks set to rise, with the Institute for Fiscal Studies forecasting that public borrowing would top £190bn this year, the third-highest peak since the Second World War, and remain well over £100bn even once the energy support package is withdrawn.to $1.09 - a 37-year low, while the cost of government borrowing rose too as investors sold off UK government bonds.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Liz Truss hits back at Putin for doubling down on war and threatening to nukeLIZ Truss last night hit back at “desperate” Putin for doubling down on his “catastrophic” war and threatening to nuke the West. The PM ripped up her first major speech to t…
続きを読む »
Calls for Liz Truss to honour £13 billion funding promise for social careAhead of today's mini-budget, Chancellor Kwasi Kwarteng said a tax hike - introduced in April to pay for social care and tackle the NHS backlog - will be reversed from 6 November.
続きを読む »
Liz Truss’ government set to combat cost of living crisis with first mini-budgetChancellor of the Exchequer Kwasi Kwarteng set to make his first mini-budget announcement only weeks after taking office in Liz Truss’ new front bench.
続きを読む »