"We can see the data every month, and obviously the shock that our economy is facing at the moment is significant," Mr Sunak says
He indicated that taxes may have to start rising next year, and there could be spending cuts. But it is a "question of timing" while the economy is in difficulty, he said. The Office for National Statistics said government borrowing last month reached the highest October figure since monthly records began in 1993 - underlining the "substantial effect" the pandemic is having on public finances.
Wednesday's Spending Review is highly-anticipated, but Mr Sunak is facing criticism following reports that
Hes planning on freezing payments in the near future where No one gets paid because he needs the money.... durr he's took taxes out of a scam and even said whats to come. Taxing is going to be the least of anyone's problem.
16 BILLION SQUID SPAFFED ON A (LATE) APP THAT DIDNT WORK 14 (UNTRACEABLE?) BILLION GONE TO THEIR MATES IN CORRUPTION (Cronyism? FUCK OFF!!!) AS THEY WERE STILL ISSUING SANCTIONS ON THE POOR. Enough... Leave Tories are not more evil than Remain. Just scrutinized now.
Economic shock that the poor will have to pay for because of lies and neglect. IndyWales Annibyniaeth YesCymru YesCymru indywalesfans AUOBCymru WelshParty Gwlad_Gwlad WalesGreenParty Plaid_Cymru NationCymru Lab4IndyWales IndyWales2 indytanc SwansForIndy
What ever he trys to do won't affect this billionaire.
How much is being spent on the armed forces again?
Working people won’t stand for Austerity 2
He giv'th then tak'th away.
Great make them all pay for disobeying the rules
The “Shock” being the £billions that “The Covid Crime Lords” have syphoned away! Why/how are they so flagrant? They’ve taken control of every ‘public’ independent office!
It matters, IMO, whether he includes private company contracts rebranded as NHS contracts in this!
We know we will have to pay; we always do. But I think if the NHS is so poor surely we should try to limit what they do. Like migrants who 'so they say' suffer great hardship to get here can't suffer it at home. Where the first thing that happens is put into NHS bed for free.
What the problem... we wait till Jan 1 then we start saving 350 million a week. Thats what i was told.
Dwp hitting those on benefits again, whilst letting asylum seekers grab funding that they haven't paid into,NHS cuts in treatments, prescription rises, whilst Wales get there's for free. Electric cars should pay for road use as its a ROAD TAX we have fuel tax, energy tax,
All this money being spent! How are we funding this?. Especially after the banking crisis and this country having to endure cuts and pay freezes whilst the banks where propped up by the public purse. Quantative easing.. so taxes will rise, pay as you go mileage, pay freeze.
Johnson is an addict. Spending money on duff projects is one of his addictions . This was inevitable pandemic or not
If anyone did not see this coming then they must be blind, the pandemic used as an excuse to put up taxes
Think about it! £3bn to help save lives (NHS) - £16bn to help kill/murder people (Military) Crazy!
How about we start by dropping mp salaries to the national average of 27k? You can discover for yourselves how your incompetence hurts those without trust funds.
No tax for vip chums PPE tho.
I personally don't mind paying my taxes. What I DO mind is my tax money going to pay for tory donors/friends' corrupt contracts and being wasted on UK vanity projects.
Just start taxing billionaires and we’ll all be fine... even the billionaires
open things up then.
Austerity 2
Dispatches
RishiSunak 10DowningStreet Of course everything needs to be reimbursed to the exchequer, I mean “there is no magic money tree” only exist in the world of THIS TORY GOVERNMENT CRONYISM, I mean we now have the PM girlfriend dictatorship BUT let jump off the EU cliffExcludedUK
Let's start with you and your cronies talking an enormous pay cut and living in 1 bedroom flats for the duration that you have been punting your magic money tree while sitting in your comfortable house. Let's see how much you love furlough and lock down then rishi.
So the cupboard is bare after the Tories’ covid feeding frenzy - here comes austerity mark 2 for the rest of us. To pay for the next Tory feeding frenzy...and so it continues...ToryCorruption marr Ridge
The economic shock of Brexit is what this fraud is trying to cover up with Covid. Despicable to attempt to cover up a Tory made crisis with a Tory mismanaged crisis.
There certainly is 🤫
Hope this 'economic shock' is also reflected in MP's pay...🤔🤔
The great reset except for Britain cutting straight to the chase your all going to fkg die,tell you what they better leave the country.Britain's elites are really low class grubby thieving bastards.BorisJohnson
If borrowing can't go on indefinitely - no shit, who knew? - end this pointless lockdown NOW. It's done. Not the virus, but the lockdown.
Well start taxing the rich more or close the loopholes if they dodge tax make they pay more tax
The tories are just unbelievable. This is just disgusting
All because a tiny percentage of the population will die of this virus! Protect the vulnerable.....live our life's as normal!
The Tories have profiteered out of our poverty & misery in the past 10 years
All this for a virus 25% to 50% are already immune, with 99.5% recovery rate, No asymptomatic spread... and we know how to treat it now....
Let’s not forget why we’re in £3 trillion debt in the first place 👇 And £3 billion to NHS is not more like £12 billion to SERCO.. It’s down to hedge funders like our Chancellor who won £millions on shorting our £ leading to our Banks collapsing in 2008
He means tax rises.
So £3 billion to NHS + cuts coming soon. And.. £12 billion to SERCO & Co for running a shambles. Now the whole country are paying for it. With no extra NHS staff to run extra services & deporting / being hostile to current staff 😊
Wont be getting another penny from me after 21yrs of hard graft , paying untold amounts of tax , as newly self employed wasn’t eligible for a single grant , I’m quite happy spending the rest of my days chilling on small hand outs on the sofa ,
Less of a shock for MPs, though, thanks to their self awarded £3000 pay increase. Swine.
How is it possible for a government to 'spend' 27billion of public money on undisclosed 'contracts' and then ask our heroes that they clapped to take a pay cut. Lions awake! This is unbelievable in a modern democracy.
Coronavirus: £3bn for NHS England but Rishi Sunak warns of 'economic shock' to come SayEngland
They keep on patching the holes. We’ll all be flat broke when it comes to paying back Dido’s and Serco’s wedge.
Let people go back then rather than having lock downs give every company and staff member a chance of having a job after the furlough scheme ends
we will have to tighten our belts in time but, let the rich tighten their belt till it hurts this time. the vulnerable have done more than their share before covid since 2010 they've been under the cosh. time to treat the austerity suffers the same way we treat bankers
Why are we not pushing China ? after all this was caused by them.The world should tax the hell out of there imports/exports or any other way to get the money until the debt is cleared ! BorisJohnson RishiSunak DamianCollins HouseofCommons UKParliament
Whois it going to be a shock for?
The government will put up tax’s relax labour laws make abuse in the work place normal practise
just dont put it on poor people.
The Conservatives have been reckless with the economy since 2010, they were warned their austerity was unnecessary and had left public services at the brink of collapse as it was and councils going bankrupt - what on earth more can they do? They can't be trusted with the economy
We knew or know what will happen, we'd 10 years of austerity, £Billions of Taxpayers Money not correctly Spent & now Borrowing once again, the only way to accumulate is stipulate, that means Investment, the Public Sector along with everyone else deserve better! 10DowningStreet
Better start chasing up on all the people making money in the uk and sending it to tax havens then....oh wait no cant do that because they are all your mates...best tax the people on minimum wage more as they are the real problem.............
no 💩🕵️♂️
MP's are exempt from 'All being in this together'! APRIL 2020: Coronavirus: MPs offered extra £10,000 each for home working expenses OCTOBER 2020: MP pay rises £3,300 It is expected next year's pay rise will take the salary of an MP to £85,291
Money wasted on nightingale hospitals stood empty money wasted on middle men money wasted on eat out and get the virus i hope the 3 million plus u Missed out u don't expect massive tax rises from them cause they got nothing yes nothing
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What about the £100 billion plan to have enough test to test the entire nation weekly that this gov has planned? I think that night be a more significant economic 'shock'.
£3bn for a flu hospital
Reading the comments is just laughable! When will people start realising you can’t have your cake and eat it. We borrow, it has to be paid back. You wanted to save lives because of the hype by media, it’s cost us in doing so. PS Labour did less for the NHS!
No shit Sherlock. 🙄
No way? Surely we can all stay indoors for most of the year without economic consequences
£3 billion extra for the NHS comes complete with warnings of economic shock. £16.5 billion extra for the armed forces comes complete with no such warnings.
Rishi needs to understand this is the end of the Tories.
If they invested in the NHS like they should’ve and continuously promised instead of cutting jobs for the past 10 years or so then we wouldn’t have to worry about an ‘economic shock’
We know the high street and thousands of jobs are collapsing around us while we protect the old and vulnerable.
Rishi Sunak warns taxes will rise in the spring .
Rishi is right because Britain have big economy from Tourists and those are in debacle due to Brexit and Covid-19 .
Will clapping for him do?
They'll Bury the Brexit damage under Covid 😔
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