UK Chancellor Kwasi Kwarteng will unveil a mini-budget on Friday, which aims to break the “cycle of stagnation” in the British economy.
The “fiscal event,” as it is officially known, will announce tens of billions of pounds of increased spending and tax cuts.
Prime Minister Liz Truss said the plan will create more jobs, release extra funding for public services and lead to higher wages.
“The Chancellor @KwasiKwarteng and I know what a great country this is,” she wrote on Twitter.
“Our Growth Plan will unleash our potential and deliver better jobs, more funding for public services and higher wages for the British people.
“The action starts now.”
Mr Kwarteng is expected to tell the House of Commons: “Growth is not as high as it needs to be, which has made it harder to pay for public services, requiring taxes to rise.
Read More : https://www.thenationalnews.com/world/uk-news/2022/09/23/truss-declares-action-starts-now-with-mini-budget-to-drive-growth-and-create-more-jobs/
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