"As Chancellor, I have to face the world as it is not the world that I want it to be. And when challenges come our way, the only question is how to respond to them, not whether to respond or not. And as I respond at the Budget on the November 26, my focus will be on getting NHS waiting lists down, getting the cost of living down, and also getting the national debt down."
"Protecting our NHS, reducing our national debt, and improving the cost of living. There has been a lot speculation about the choices that I will make, I understand that. These are important choices that will shape the future of our country for years to come. I want people to understand the circumstances we are facing, the principles guiding my choices, and why I believe they will be the right choices."
The pound fell as much as 0.4% to $1.3086, its lowest since April, while the FTSE 100 saw about £22 billion wiped out and the FTSE 250 dropped 0.9%. Questions about potential increases to VAT, national insurance, or income tax ahead of the 26 November Autumn Budget went unanswered, fueling market uncertainty. Emphasis was placed on collective contribution to reduce national debt and priorities to cut NHS waiting lists, lower the cost of living, and reduce public debt. Investor caution and speculation about fiscal choices drove the immediate market reaction.
Read at London Business News | Londonlovesbusiness.com
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