[Manchester, UK, 30th Reuters]-British Finance Minister Javid announced at the ruling and conservative party convention in Manchester that he will proceed with preparations for the European Union (EU) without agreement, He said that "various economic policies" can be introduced if necessary.
The minister said the Ministry of Finance will prepare comprehensive measures in cooperation with the Bank of England (Central Bank of England). “We are ready to use various economic policies if necessary,” he said.
Treasury officials said that measures need to be included in the budget proposal, but declined to comment on when such a budget would be organized and what specific measures would be included.
Secretary-General Carolyn Fairburn of the British Industry Federation (CBI) expressed dissatisfaction with his speech. “The speech seems to be missing one page. It doesn't mention how the government / financial ministry responds to a serious crack that would occur if we could not secure an agreement with the EU.” It was.
The UK general election is not scheduled until 2022, but many analysts believe that a general election will be held within a few months, and finance minister David was aware of the election, including raising the legal minimum wage. Mentioned measures.
The minister touched on the expansion of the broadband and road networks and said, “Proceed with wise and responsible long-term investments. Use unbelievably low interest rates. Borrow to build, not waste,” .