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
Sayyed Ali Khamenei: The model Trump is presenting to Arab countries is absolutely a failed one
The leader of the Islamic Revolution and the Islamic Republic of Iran Sayyed Ali Khamenei: Trump's remarks source of shame, embarrassment for him, Americans
Al-Zaidi to Al Mayadeen: There is a pressing need to restructure the regional landscape, a challenge facing the Baghdad Summit, and we hope it will succeed in doing so
Al-Zaidi to Al Mayadeen: Among the urgent issues on the summit’s agenda are ending the war in Palestine and addressing the complex situation in Syria
Al-Zaidi to Al Mayadeen: We hope the summit will yield reasoned solutions that serve the interests of regional stability
Al-Zaidi to Al Mayadeen: We hope that the summit will be an opportunity to achieve the long-awaited breakthrough in all regional issues
Iraqi presidential spokesperson Abdullah al-Zaidi to Al Mayadeen: The significance of the summit stems from the critical timing under which it is being convened
Yemeni Ministry of Health: The Zionist aggression on the ports of Hodeidah and Salif in western Yemen has killed one and injured 11
Yemenia Airways flights to and from Sanaa International Airport resumed, following the return of 134 passengers from Queen Alia Airport in Jordan
Russia's Putin invites league of Arab states, secretary general to take part in 1st Russian-Arab summit in October: Kremlin

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

Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
Palestinians pray over bodies of people killed in the Israeli bombardment who were brought from the Shifa hospital before burying them in a mass grave in the town of Khan Younis, southern Gaza Strip, Wednesday, Nov. 22, 2023. (AP )

Gaza casualty figures mask a much bigger horror, new study shows

  • Politics
  • 11 May 2025
Gaza and the logic of necropolitics: Sovereignty measured by killing

Gaza and the logic of necropolitics: Sovereignty measured by killing

  • Politics
  • 15 May 2025
Abu Obaida

Abu Obeida posts shortly after Israeli reports about his assassination

  • Palestine
  • 15 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Israeli media: Yemen may push 'Israel' towards ceasefire in Gaza
MENA

Israeli media: Yemen may push 'Israel' towards ceasefire in Gaza

Palestinians struggle to get donated food at a community kitchen in Khan Younis, Gaza Strip, Friday, May 16, 2025 (AP)
Politics

Trump administration planning to send 1 million Palestinians to Libya

President Donald Trump greets Israeli Prime Minister Benjamin Netanyahu at the White House, Monday, April 7, 2025, in Washington. (AP)
Politics

'Israel' concerned, says US withholding info about indirect Iran talks

Israeli Prime Minister Benjamin Netanyahu during the annual ceremony at the Yad LaBanim Memorial in occupied al-Quds on Tuesday, April 29, 2025 (AP)
Politics

Netanyahu cancels Vatican visit over fears of ICC arrest

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