UK PM Says Gov't Now Able To Cut Taxes

11/20/2023 3:06:20 PM

(MENAFN- Kuwait News Agency (KUNA)) LONDON, 20 (KUNA) -- UK Prime Minister Rishi Sunak said his target of halving inflation had been met so taxes would be reduced in "a responsible way", British media reported on Monday.
He refused to comment on "speculation" about changes to individual taxes and said there would be more details in Wednesday's Autumn Statement.
But the PM said the government could now move to "the next phase" of its plan to grow the economy.
Last week the government said it had met its pledge to halve inflation, the rate prices are rising, after the figure fell sharply to 4.6 percent in October.
The decrease was largely due to lower global energy prices. (end)
nbs

MENAFN20112023000071011013ID1107459892

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.