After brexit, London will present its first budget
The finance minister of the United Kingdom, Sajid Javid, announced that he will present the general budget of the State on March 11
After the planned departure of the United Kingdom from the European Union, the head of the European country’s finance portfolio, Sajid Javid, promised that next March 11th it will be presented in a new general state budget, where the investment is estimated to be of “billions of pounds” by sectors of “the whole country” and announced that “an infrastructure revolution” will take place.
According to Minister Javid, “there will be up to 100,000 million pounds (116,000 million euros) extra for investments for infrastructure over the next few years, which will be transformers of every part of our great country.”
In his speech he recalled the conservative electoral manifesto of the general elections of last December 12th where it was stipulated how this Executive “can afford to invest more and make a return on the low interest rates we are seeing, but do so in a responsible manner.”
It is expected that in this new budget the Government details how the country “will take advantage of all the immense opportunities that brexit will bring.”
However, the Labor spokesman for Finance, John McDonnell, said that “after a decade of wrecking the economy,” you cannot “be confident that a Tory government will take care of the magnitude of the investment needed for renewal, especially, when there is still the possibility that there is no brexit agreement.”
K.Villarroel
Source: invertia
