Sunak promises to halve UK inflation by 2023

Sunak promises to halve UK inflation by 2023

The Prime Minister made 5 promises for this year; He stated that economic growth would also be a priority

The Prime Minister of the United Kingdom, Rishi Sunak, promised today, Wednesday (January 4, 2023), to reduce inflation in the country by half in 2023. According to him, the measure seeks to “Reducing the cost of living and giving people financial security”. The announcement was made during his first speech this year. Read the complete (634 KB, in English).

At the time, Sunak promised that the country’s economic growth would be a priority for his government this year. He stated that he would encourage A “Creative Economy”while creating better-paying jobs, and also committed to reducing the national debt.

Over the past year, England has faced a historic economic crisis. In December 2022, the Bank of England raised interest rates to 3.5%, the highest in 14 years. In November, the monetary authority warned that the country would enter a recession “Long stagnation”In addition, the GDP is expected to decline by 0.3% in the last quarter of the year.

Promises for 2023

In addition to the three economic proposals, Sunak listed two other priorities for this year. One such proposal is to reduce waiting lists in the NHS – the UK’s public health system – by March this year.

He also stated that he wanted to “Stop the boats”With the promise to pass laws in the British Parliament to end illegal immigration to England. “Making sure that if you come to this country illegally, you will be detained and deported quickly.”He said.

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These are people’s priorities. These are your government’s priorities.”The Prime Minister announced.

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