"We'll do this responsibly": In the United Kingdom, Prime Minister Andy Burnham forced into a first prudential budget
BREAKDOWN: Chancellor John Healey aims to give Britons a "margin of manoeuvre," especially against soaring energy bills, by imposing new taxes on banks. No concrete growth‑stimulation measures have been announced.
The country is going through a “difficult period” and the winter will be harsh. Presenting the first budget of the Burnham era, the Chancellor of the Exchequer promised support for households and businesses, particularly with energy bills. But John Healey must solve a complicated equation: relieve British households, revive growth and finance public services without increasing the debt too much or worrying the financial markets.
And he insisted on being cautious. With ultimately little revolution - when Burnham wanted to put an end to "40 years of neoliberalism" - but a certain continuity compared to his predecessor Rachel Reeves.
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- Le Figaro28 Oct, 20:10
| Publisher Le Figaro (established tier) | +76 |
| Detailed summary | +2 |
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