BBC News: Reports " Chancellor warns of tax rises and squeeze on spending....Speaking to the Today programme, Jeremy Hunt said some taxes will go up, while government spending may need to fall. "
Lets Get Real:
The UK has had four Chancellors in 1 year, the Mini Budget has been ripped up and Conservative Budget will be replaced by a orthodox Treasury Budget. One hopes that the Gas cap will be kept for two years, and the basic rate of income tax will be kept at 19p in the pound and not the 20p before the Budget. This Blog would not be shocked if WELFARE was CUT, the Johnson Administration promised that welfare would keep up with inflation, that might not happen, as we have inflation heading for 11%. The NHS and Defence could take hits, this would backtrack on the PM's promise to increase defence spending by 3%. Also other Departments can expect their budgets either to be CUT or no increase in their Budget for this year. One can say that the Labour Party will keep calling for a General Election, in less some Conservative MPs have gone mad they will not vote for that, given the past few days, some might have lost the plot. As to the future of the PM, one can say that in less she gets her ACT together, she will not be PM in a few months time, since her succession she has been a disaster in the job, even the King was depressed to she her.
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