The chancellor Alistair Darling has pledged to help the turbulence that currently exists within the financial market in a speech he made today at the labour conference. He admitted that the UK was going trough some difficult times with the economy but has said that he remains confident that the economy will recover from the downturn stronger than what is was before it went into it.
His speech was focused on his main priority to stabilise the banking system and with this would hope to see the economy start to rebuild itself. There was clear to see that the government had finally admitted that there was a crisis and that there were some big economic challenges ahead. However, he believed that with the party they could help the UK get out of the current troubles.
The government admitted that they would have to spend within there means but many people are worried that this could mean an increase in income tax although the chancellor would not comment on the issue. Therefore there is a strong likelihood that this will mean that there will be a rise in income tax.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment