UK’s Sajid Javid plans October giveaway Budget: FT


FILE PHOTO: Britain’s Chancellor of the Exchequer Sajid Javid is seen outside Downing Street in London, Britain, September 4, 2019. REUTERS/Hannah McKay

(Reuters) – British Finance Minister Sajid Javid is planning a pre-election giveaway Budget in the week of October 21 if UK strikes a Brexit deal with the European Union, the Financial Times reported on Friday.

Javid cannot yet announce a date for the pre-election giveaway Budget as the plan is dependent on getting a deal so that any Office for Budget Responsibility forecasts are positive, allowing him to cut taxes or increase infrastructure spending, the newspaper said.

Reporting by Maria Ponnezhath in Bengaluru.

Products You May Like

Articles You May Like

Zuckerberg defends Facebook’s approach to free speech, draws line on China
Bernie Sanders draws thousands to rally in New York in comeback from heart attack
Scottish court asked to delay ruling on Johnson’s Brexit extension request
Explainer: What happens next after Johnson writes Brexit delay letter?
Trudeau’s Liberals to form Canadian minority government: CBC

Leave a Reply

Your email address will not be published. Required fields are marked *