What Will Be the First Step of the New Prime Minister of the United Kingdom?

The new Prime Minister of the United Kingdom, Rishi Sunak, plans to raise taxes to cover a £50 billion (approximately $57.3 billion) deficit in the national budget, according to the Financial Times, citing sources from the UK Treasury.

Earlier reports indicated that Sunak is reviewing plans for tax increases and significant cuts to public spending against the backdrop of improving financial conditions in Britain. The UK Treasury has announced that the new head of the Treasury, Jeremy Hunt, will present the government's medium-term financial plan on November 17.

According to the publication, on Monday, the Prime Minister and the head of the Treasury agreed on the matter of tax increases.