Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Naeini: If our national interests are attacked again, our response this time will be stronger and more destructive
Naeini: The war has proven that the settlers are defenseless against Iranian missile and drone forces
Naeini: Trump lacks an understanding of the true strength of the Iranian people and is so deluded as to believe he can change the reality of Iran's victory
Naeini: The defeat led to Trump's confusion and loss of balance, which was reflected in his ill-considered statements
IRGC spokesperson Brigadier General Mohammad Naeini: Trump's statements are a result of his defeat against Iran, and we advise him to abandon absurd policies
Gaza Government Media Office: The number of children martyred due to malnutrition has risen to 66
Saree: Loyal Yemen will not abandon its religious, moral, and humanitarian duties toward the Palestinian people
Saree: Over the past week, we carried out military operations targeting sensitive sites and military installations in Beer al-Sabe', Yafa, and Haifa via a number of ballistic missiles and drones, which were all successful
Saree: The operation was carried out via a Zulfiqar missile, which successfully achieved its goal
Yemeni Armed Forces spokesperson, Brigadier General Yahya Saree: Our forces carried out a top-tier military operation targeting a sensitive target in occupied Beer al-Sabe', and it was successful

UK government facing tough budget decisions: Cabinet office minister

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Nov 2022 16:07
  • 1 Shares
2 Min Read

In order to close a budget gap, the British government must make difficult decisions on taxes and spending.

  • x
  • Oliver Dowden walks outside Number 10 Downing Street, in London, Britain November 1, 2022. Source: REUTERS/Hannah McKay
    Oliver Dowden walks outside Number 10 Downing Street, in London, Britain, November 1, 2022. (Reuters)

Britain's government is facing substantial and difficult tax and expenditure decisions in order to close a budget gap, cabinet office minister Oliver Dowden said on Sunday, declining to discuss potential measures.

With their first budget program on November 17, Prime Minister Rishi Sunak and Finance Minister Jeremy Hunt will lay out plans to address a gap of at least 40 billion pounds ($45.50 billion).

Read next: Sunak delays budget plan, reinstates fracking ban

Officials said all options are being studied, including extending a windfall tax on energy corporations and reducing the tax-free allowance for dividend income.

Related News

UK gov't borrows more in February with highest debt since 1960s

Jeremy Hunt under fire for high-carbon choice of transport for meeting

"It's right that we take difficult decisions," Dowden told Sky News. "I have to say to you and your viewers there will be, unfortunately, more significant difficult decisions to come in the autumn statement."

Dowden went on to say that while the government is focused on safeguarding the most vulnerable individuals, it is also faced with challenging fiscal and expenditure issues.

UK plans to increase taxes to overcome a billion pounds deficit

UK Treasury officials, as cited by The Financial Times, stated that incoming UK Prime Minister Rishi Sunak plans to hike taxes to overcome a 50 billion pound ($57.5 billion) deficit in public finances.

The government's medium-term financial strategy "to put public expenditure on a sustainable foundation, get debt reducing, and restore stability" is anticipated to be unveiled by Chancellor of the Exchequer Jeremy Hunt on November 17.

Officials from the Treasury claim that Sunak and Hunt reached a tax hike agreement on Monday.
 
The FT cited officials as saying that "it is going to be rough." The officials explained, "The truth is that everybody will need to contribute more in tax if we are to maintain public services." 

  • Jeremy Hunt
  • Rishi Sunak
  • United Kingdom

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli occupation soldiers search for settlers amid the rubble of buildings destroyed by an Iranian missile strike in Bat Yam, central occupied Palestine, on Sunday, June 15, 2025 (AP)
Politics

Iran missile strike flattens Bat Yam, displaces 2,000 settlers

Palestinian fighters from the Islamic Jihad militant group riding on a truck with weaponry on display take part in an anti-Israel parade marking the 36th anniversary of the movement's founding, in Gaza City, Wednesday, Oct. 4, 2023 (AP)
Politics

Palestinian Resistance attacks Israeli forces in Khan Younis, Jabalia

Iranian Foreign Minister Abbas Araghchi stands waiting to meet Russian President Vladimir Putin for the talks at the Kremlin in Moscow, Russia, Monday, June 23, 2025 (AP)
Politics

Iran suspends IAEA cooperation, Araghchi blames Grossi for attacks

The commander of the Quds Force's Palestine Unit, Brigadier General Mohammad Said Izadi (Illustrated by Mahdi Rtail for Al Mayadeen English)
Politics

Who was Mohammad Said Izadi, head of the Quds Force's Palestine Unit?

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS