London
It is difficult to find a common line among the budget announcements made on Wednesday by Jeremy Hunt, the Chancellor of the Exchequer, in the House of Commons.
While the British economy has been in recession since the end of last year and inflation remains high (+ 4% in January), Rishi Sunak's government presented a budget made up of disparate measures and devoid of ambition .
As the legislative election approaches, the date of which remains unknown, the executive is banking on the announcement effects by committing to a 2 percentage point reduction in social security contributions.
Effective from next month, the measure is supposed to increase the purchasing power of 27 million British employees by almost 900 pounds per year (or around 1000 euros).
However, the level of taxation in force in the United Kingdom remains at a historically very high level compared to the level of GDP, according to the Office for Budget Responsibility, an independent public body…
This article is reserved for subscribers.
You have 75% left to discover.
Flash sale
€4.49/month for 12 months
I ENJOY IT
Already subscribed?
Log in