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Do we really need to have another budget?
The Herald
|August 22, 2025
AS I write this, on Wednesday, 20 August, we are advised that inflation has risen to 3.8%, which is the highest it has been since January 2024. The cost of food continues, in my experience, rising continuously, and we haven't got to winter yet, when no doubt food prices will rise due to the poor summer lack of rain preventing growth. Fuel prices are once again steadily rising, yet that wasn't mentioned by the media as one of the reasons for the latest growth figure.
When the present government came to power last summer in their first budget it was announced that they had inherited a £22 billion black hole and this would require revised taxation, mainly on businesses, to raise funds.
Businesses took this negatively, stating the measures would affect growth and employment, which appears to have been proven as the unemployment rate at present is the highest in the past four years.
Diese Geschichte stammt aus der August 22, 2025-Ausgabe von The Herald.
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