London, October 26 (EFE). Among the measures to be announced by the British Economy Minister, Rishi, are an increase in British public sector salaries, more money for health and education, as well as investments in infrastructure. Sonak.
The so-called “Treasury” chief in the House of Commons (House of Representatives) will present the state budget for the next fiscal period – from April 2022 – and the so-called Expenditure Review, the overall review of public spending.
After the weekly question session to the Prime Minister, Sunak will make his much awaited statement on how the government will deal with heavy debt and how it will benefit the public sector whose salaries have been frozen due to the coronavirus. pandemic.
Experts speculate that Sunak may have some kind of tax break to counteract rising energy prices.
Increasing public sector salaries
The minister had already announced that the public sector would receive an increase that would benefit about 1.3 million workers such as nurses, teachers and members of the armed forces.
“A difficult decision had to be made to temporarily suspend public sector salaries due to the economic shock and uncertainty from the virus,” Sunak said in a statement today.
“And now, with the economy back on track, it is true that nurses, teachers and all other public sector workers who have made their contributions during the pandemic have received a raise in their salaries,” the minister said regarding his budget.
The minister will also explain his expectations for the debts of the next fiscal period.
The UK’s accumulated debt reached 2.21 trillion pounds (2.60 trillion euros) at the end of last September, equivalent to 95.5% of the country’s gross domestic product, the highest level since March 1963.
Minimum salary increase
Among other things, Snack hopes to confirm a minimum wage increase from April 1, 2022, as it will stand at 9.50 pounds (11.11 euros) an hour, compared to 8.91 pounds (10.4 euros) currently. An increase of 6.6%, more than double the current year-over-year inflation rate, which is 3.1%.
To help deal with the long waiting lists in Public Health (NHS, in English) left by the pandemic, the government has already announced £5.9 billion (€6.903 million) in funding, but other departments, such as courts, prisons or local governments may see their budgets cut. , according to British media.
Investing in transportation
Some British regions will receive significant funds to invest in improving transport infrastructure, as part of the Boris Johnson Executive’s promise to improve public services in less developed parts of the country.
This is expected to translate to £1,070m (€1,251m) for Greater Manchester, £1,050m (€1,228m) for West Midlands (the English center) and £830m (€971m). Euro)) for West Yorkshire (Northern) England. EFE
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