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Saturday, December 10, 2022

United Kingdom | Liz Truss bets on jobs and economic growth

owning to United Kingdom of Economy, semi quartengThe new approach of the government presented in front of the business leaders on this Wednesday liz truss “In favor of development”, which includes immediate support to families and companies to meet the cost of living, the minister said.

directors of banks such as hsbcInsurers including NatWest, Lloyds Banking Group, Barclays or NatWest, as well as Legal and General and Aviva.

business investment

In the meeting, the minister highlighted the importance of reducing regulations and taxes, creating the right conditions for business investment and innovation, which in turn will boost employment, wealth and economic growth. tesoro Issued today.

among other things, quarterly He emphasized the importance of supporting the Bank of England’s independent mission to quickly bring inflation under control year-on-year, which is running at 10.1%.

According to the Treasury, quarterly The meeting began by acknowledging the challenges facing families and businesses in the UK from rising gas prices this winter. war in ukraine,

“We face extraordinary economic challenges in the coming weeks and months and I know families and businesses across the UK are concerned,” the minister said.

Economic Development

“The prime minister and I are now committed to taking decisive action to help the British people, as we pursue a seamless pro-development agenda,” the new finance minister said.

He said, “We have to persevere and do things differently. That means how we unlock business investment and grow the size of the British economy, rather than how we redistribute what is left.” “

With a strong and resilient economy, “we create more jobs, higher wages and better living standards,” he said.

monetary stability

The minister recognized that support for households and companies this winter would lead to higher debt in the short term, while ensuring monetary stability and fiscal discipline in the medium term, the statement said.

it is expected that executive of truss Will soon unveil a plan to tackle the rise in energy prices, which are expected to rise 80% from current levels in October.

According to the media, The new Prime Minister of the United Kingdom, liz trussIt plans to freeze energy bills for a period of 18 months and will allow gas and electricity supply companies to get loans from the government to subsidize these bills.

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