Summary
[Britain Prime Minister and Chancellor of the Exchequer diverge on spending issues]According to the Sunday Times, British Prime Minister Johnson and Chancellor of the Exchequer Sunak diverged over a multi-billion pound spending plan. In order to save money, the Ministry of Finance does not want to increase the pensions for the elderly by 6%. Next week, the conflict between the two may increase, when British Health Secretary Hancock will seek an annual expenditure of 5 billion pounds to pay for elderly care. The newspaper said Sunak was worried that these plans did not have sufficient funding budgets and did not want to increase family taxes to cover these costs. At present, Sunak has ruled out the possibility of raising capital gains tax to raise funds. (Zhitong Finance Network)
According to the Sunday Times, British Prime Minister Johnson and British Chancellor of the Exchequer Sunak diverged over a multi-billion pound spending plan. In order to save money, the Ministry of Finance does not want to increase the pensions for the elderly by 6%. Next week, the conflict between the two may increase, when British Health Secretary Hancock will seek an annual expenditure of 5 billion pounds to pay for elderly care. The newspaper said Sunak was worried that these plans did not have sufficient funding budgets and did not want to increase family taxes to cover these costs. At present, Sunak has ruled out the possibility of raising capital gains tax to raise funds.
(Source: Zhitong Finance Network)
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