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Sunak defends tax hike and slams excessive borrowing as ‘immoral’

In his keynote address at the Conservative Party’s annual conference in Manchester this afternoon, Chancellor Rishi Sunak defended government tax increases and announced an artificial intelligence scholarship scheme that Brexit was in the long-term interest of the United Kingdom.

He began by saying, “Whatever it is …” that he defined his role as Chancellor by saying this sentence.

He described how he enjoyed meeting people in person at the first conference after becoming chancellor, and joked about people saying, “In real life, I’m shorter.”

Defending the decision to increase national insurance contributions rather than increasing borrowing to fund health and social care, he said he was a “pragmatist” but considered excessive borrowing to be “unethical” and “to accumulate bills to be paid for future generations.” That is the same. ”.

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1633360954 112 Sunak defends tax hike and slams excessive borrowing as immoral

The Bakers’ Association calls on the Scottish Government to take immediate action to stop the loss of jobs in Donfresh.

The Conservatives promised not to raise the income tax in their 2019 policy statement, but last month MPs approved a 1.25 percent increase in the government percentage.

Arguing that the Labor Party had lost the recent election and that “the British people do not trust a party that is not serious about their money,” he said taxes would be reduced only after the state’s finances reached a “sustainable step.”

“Increasing the benefits to young people’s” hopes and dreams “is not the answer,” he said. Government? ”

He argued that this was Labor’s approach and that it was more sensitive to focus on “good work, good skills and higher wages” and that the Labor Party had consistently lost recent elections because the British people did not trust a non – serious party. With their money. ”

He announced 2,000 artificial intelligence scholarships for disadvantaged young people with the aim of doubling the number of Turing AI world-leading research members.

This morning he extended the cash incentives for recruiting new apprentices as well as the flagship Kickstart proposal, which was praised during the speech.

The scheme provides funding to create new jobs for young people between the ages of 16 and 24 for universal debt facing long-term unemployment.

Engaged in finance and technology in California, he described how he was inspired by seeing a culture of rewarding those who work hard.

He spoke in support of Brexit, arguing that the United Kingdom’s withdrawal from the EU was a “long-term priority” despite its challenges, and that it would increase its “flexibility” for its economy and development. “Culture of Enterprise.”

He concluded by saying: “So at this moment we feel that we have had enough, that we can rest, that we can rest, that we must not stop. Now is the time to show that our plan is working. Now is the time to finally turn to the future. ”

Responding to the Chancellor’s statement, Helen Barnard, Deputy Director of the Joseph Rowntry Foundation, said:

“The chancellor can say he has a job plan but no bill payment plan. He spoke in support of the US Alliance, but said that maintaining some independence was important for India.

It is completely wrong to suggest that there is a trade-off between good jobs and adequate social security to improve people’s living standards. The cuts affect many working families, and inadequate social security makes it harder for people to survive and make it harder to seize opportunities. We must ensure that the needs of people who are sick, disabled, or caring for others and therefore unable to work are met with dignity.

The biggest overnight social security cuts are economically irresponsible and therefore strongly opposed across the political spectrum. The government cannot be said to be leveling people’s incomes at the same time. He must abandon this pruning. ”

Mark Littlewood, director general of the Free Market Thought Tank, also criticized the chancellor’s statement at the Institute for Economic Affairs:

If the government is to judge by job creation, the continued taxation of businesses and entrepreneurs at record levels will have a reversal effect.

Extension of employment assistance and apprenticeship schemes may be politically popular in the short term but they fail to generate net growth in jobs in the long run — a significant amount to the taxpayer.

“The Chancellor means there should be free market principles, but his real policy statements show an interest in state intervention.”

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