United Kingdom Budget

Covid-19 has changed the economic map of the world, the level of inflation is touching the sky, consumer goods are going beyond the power of the people, it seems impossible for a middle-class family to survive on their earnings. The factor of 10 has now gone up to almost 20. The effect of Corona 2019 is seen differently in different states, but overall, the inflation rate has gone up very much in the whole world, due to which the concept of savings of the middle class is not. It is over, but it seems to be getting more difficult. Before the corona virus, 2019, people's lives were going on normally, the daily use items were not out of purchasing power.

Now let's talk about the budget that was presented yesterday for the coming year of Great Britain. Britain's Foreign Secretary Jeremy Hunt presented the UK budget yesterday. Budget is important to the public because it is an election year. Tax the people as little as possible so that they have a good narrative when they go public about their elections and the people don't reject them because of new taxes. A challenge of Great Britain in terms of economy would be the Corona virus, while the second challenge is the Ukraine-Russia war, due to which Britain is suffering from economic problems & have fallen into severe problems with regard to but a few months ago a decrease in the rate of inflation has been seen, due to which economists believe that the economy is improving. Two important announcements were made in yesterday's budget which I really want to discuss here. The Alcohol prices will not be increased and the second is that the gain tax will be reduced by four percent and the news that came out regarding alcohol was adorning the TV screens all day long and the news was happily shared with each other in clubs and pubs.

The massive inflation that has taken place in the UK over the past two years may not be coming back, but people who are not British but work in the UK will now be taxed in the UK, as well as unexpectedly in this budget. In Britain, where there are other problems, the problem of property is also intensifying and it has become almost impossible for people to live in the city of London, because the rent and prices are sky high.

After this budget and decisions, it seems that the people of Great Britain are going to get breathless days, but there are still many measures that are inevitable, which the people are eagerly waiting for, especially the middle class, which is currently London. I am very concerned about rents and accommodation which cannot be neglected in any case as measures will also have to be taken for technicians and other staff whose salary and perks are not enough to live in London. However, from the measures that have come out from this budget so far, it is being estimated that the government is well aware of the problems of the people due to inflation.

A graph which has gone to the upper level after the corona virus, the government of any country may not be able to bring it back to the position of 2018, but keeping the rising prices under control and giving relief to the public as much as possible on essential commodities. Subsidizing the people are all the steps that may be necessary for this party to do before the election because these will be the steps that will make the people choose their favorite party.