Sunak’s attempt to improve his electoral position by beating the empty drum of economic improvement

– International news – Tasnim news, Germany’s “NTV” wrote in a report: In England, the conservatives are behind the opposition Labor Party in the polls. In this situation, experts consider it unrealistic to compete before the possible elections next year. Now the British government wants to stimulate the economy of this country by reducing taxes and social benefits. Observers believe that this is only a transparent election maneuver. “Jeremy Hunt”, the British finance minister, has announced tax cuts for millions of people. In a speech in the British Parliament, he said that the social security contribution rate should be significantly reduced. There are more facilities for self-employed people. Pensioners’ salaries should be increased significantly. At the same time, he announced that economic growth in the coming years will be much slower than previously thought. Accordingly, in 2024, GDP will increase by only 0.7% instead of 1.8% previously predicted. This issue has greatly reduced the purchasing power of consumers. Of course, the inflation rate in this country has decreased from 11% a little over a year ago to 4.6% in October. However, the Bank of England is looking for significant value for this rate at less than two per cent, which is why it has raised its main interest rate in 14 steps to 5.25 per cent. This makes loans – for example for investments – significantly more expensive. Inflation is likely to remain above target at 2.8% next year, according to new OBR forecasts.

Hunt had previously said the minimum wage would rise by around 10% in April. It will rise to £11.44 (€13.15) per hour. Tax cuts are also planned for companies. He announced a total of 110 measures to “stimulate the British economy”.

The government has also claimed that the tax break is possible because there is more financial freedom thanks to a better-than-expected economy.

Of course, due to the conservative party’s bad situation in the polls, commentators and observers interpreted these measures as early election gifts. The next general election is expected to be held in 2024. However, it is questionable whether these announcements and promises are enough for the Conservatives to reach the polls. » has given to help the economy. Her predecessor, Liz Truss, also wanted to make major tax cuts last year, which led to chaos in the financial markets and her early exit.

More than a year ago, Sunak became the first Hindu in the history of England to The seat of government moved to Downing Street in London. His predecessor Liz Truss was forced to resign after weeks of disastrous economic policies.

Britain is expected to elect a new parliament in 2024 – the opposition Labor party is currently around 20 in the polls. The percentage is ahead.

The crisis has made the situation difficult for the conservative party in such a way that according to the surveys, if the elections were held today, the opposition Labor party would win.

However, many experts believe that the ruling conservative party does not have much chance to win the general elections next year; The Labor Party will not be able to win an overwhelming majority of parliamentary seats and will most likely form an alliance with the Liberal Democratic Party. However, the Conservative Party of England is not doing well these days according to the polls. It is trying to regain its lost trust among the citizens under the leadership of Rishi Sunak and prepare for next year’s elections.

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