The new British finance minister delays his tax proposals until November 17

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The new British finance minister delays his tax proposals until November 17

The prime minister< /strong> of the United Kingdom, Rishi Sunak, and the Minister of Finance and head of the British Treasury, Jeremy Hunt, have agreed to delay until nextNovember 17 the presentation of the Government's medium-term fiscal and economic program, initially scheduled for October 31, as confirmed by the British Treasury. “The Autumn Statement will be released on 17 November along with forecasts from the Office for Budget Responsibility. It will contain the UK's medium-term fiscal plan to put public spending on a sustainable basis, reduce debt and restore stability“, the UK Treasury announced.

The appearance of Jeremy Hunt , appointed by former Prime Minister Liz Truss, is especially expected because in it he must amend the measures that led to the resignation of his mentor, a staunch defender of lower taxes on the richest. Public opinion should wait, therefore, to know the plans of the new Executive in fiscal matters.

Reversal of measures

In statements collected by the chain BBC, The British Minister of Finance has assured that “the number one priority is economic stability and restoring confidencein the United Kingdom”. In this sense, he stressed that the new economic plan is “extremely important”, since it will show that the debt will fall in the middle Therefore, it is necessary that you take into account the “most accurate possible” economic and fiscal forecasts. trying to reverse“almost all the fiscal measures that were in the growth plan”, in order to calm the markets finances and reduce public debt. Hunt has advanced some measures that he will present. in the new budget, such as the elimination of almost all the tax cuts, announced a month ago by the prime minister, and reducing the aid for energy bills in homes.