Index Investing News
Saturday, May 23, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

UK’s Sunak vows to halve inflation, tackle illegal migration

by Index Investing News
February 2, 2023
in World
Reading Time: 3 mins read
A A
0
Home World
Share on FacebookShare on Twitter


LONDON — British Prime Minister Rishi Sunak pledged to halve inflation, grow the U.K. economy and stop illegal immigration Wednesday as he set out his Conservative government’s priorities in his first major speech of 2023.

Sunak focused on tackling the U.K.’s slowing economy and made promises to reduce national debt. He also vowed to pass new laws to stop migrants from arriving on U.K. shores in small boats, as well as cut massive backlogs in Britain’s public health service.

“Those are the people’s priorities. They are your government’s priorities. And we will either have achieved them or not,” Sunak said.

“No trick, no ambiguity, we’re either delivering for you or we’re not. We will rebuild trust in politics through action, or not at all,” he added.

Sunak, who came to office in October after a tumultuous year in U.K. politics that saw the resignation of two other prime ministers, stressed that he would deliver stability. He said his first priority was to “halve inflation this year to ease the cost of living and give people financial security.”

Sunak’s predecessor, Liz Truss, unveiled a disastrous package of unfunded tax cuts in September and was forced to quit after less than two months in the job. Her policies sent the British pound tumbling, drove up the cost of borrowing and triggered emergency intervention from Britain’s central bank.

Since Sunak replaced Truss in late October, the U.K. economy has calmed but his government is grappling with a cost-of-living crisis and widening labor unrest as key public sector workers from nurses and ambulance drivers to train workers stage disruptive strikes to demand better pay to keep pace with soaring inflation.

Inflation in the U.K. stood at 10.7% in November — down slightly from October — but that’s still near the highest in four decades. Energy and food costs have soared, in large part driven by Russia’s war on Ukraine, and living standards have plunged for millions of Britons.

In recent weeks, Sunak’s government was also under increasing pressure to address failings in the public health system, with many frontpage headlines focusing on the lack of hospital beds and record waiting times for seeing a doctor or getting an ambulance.

Authorities have blamed high numbers of flu and COVID-19 cases, but health chiefs say the problems are longstanding and a result of chronic government underfunding.

Sunak has also repeatedly said that stopping migrants from crossing the English Channel in small boats to claim asylum in the U.K. was a top priority for his term in office. Last year more than 45,700 people crossed the Channel to the U.K. — a record high and up 60% compared to numbers in 2021.

“We will pass new laws to stop small boats, making sure that if you come to this country illegally, you are detained and swiftly removed,” Sunak said.

Sunak’s Conservative Party, which has been in power for 12 years, is lagging behind the opposition Labour Party in polls. The next general election is due to take place by the end of 2024.



Source link

Tags: halveIllegalinflationmigrationSunaktackleUKsvows
ShareTweetShareShare
Previous Post

Coinbase settles with New York financial regulator for $100 million

Next Post

Turkish, Russian forces could ‘expand’ Syria joint patrols

Related Posts

Pakistan sentences man to death for killing TikTok star Sana Yousaf | Gender Equity News

Pakistan sentences man to death for killing TikTok star Sana Yousaf | Gender Equity News

by Index Investing News
May 19, 2026
0

The verdict against Umar Hayat who killed a teenage influencer in her home ‘is for the entire society’, her father...

Oklahoma sues Roblox, AG claims online game ‘exploited minors’

Oklahoma sues Roblox, AG claims online game ‘exploited minors’

by Index Investing News
May 15, 2026
0

Oklahoma became the 12th U.S. state to sue Roblox on Thursday. WASHINGTON — The Oklahoma attorney general announced he was...

Prosecutors cite terrorist intent in bomb attack on headquarters of Dutch ruling party

Prosecutors cite terrorist intent in bomb attack on headquarters of Dutch ruling party

by Index Investing News
May 11, 2026
0

THE HAGUE, Netherlands -- A 37-year-old man accused of a bomb attack on the Dutch premier’s party headquarters is suspected...

Australian women, children linked to ISIS return from Syria

Australian women, children linked to ISIS return from Syria

by Index Investing News
May 7, 2026
0

Listen to this articleEstimated 4 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We...

Spam—not the tasty kind—debuted on this day — Science & Technology — Sott.net

Spam—not the tasty kind—debuted on this day — Science & Technology — Sott.net

by Index Investing News
May 3, 2026
0

© Tom Kelly/Getty On this day in 1978, a marketing manager for a Massachusetts computer company unknowingly made history: He...

Next Post
Turkish, Russian forces could ‘expand’ Syria joint patrols

Turkish, Russian forces could 'expand' Syria joint patrols

Meta fined 390M euros in latest European privacy crackdown

Meta fined 390M euros in latest European privacy crackdown

RECOMMENDED

Jamie Carragher says Arsenal ‘blew it’ and need more depth to compete with Man City as Mikel Arteta apologises for falling short in title race | Football News

Jamie Carragher says Arsenal ‘blew it’ and need more depth to compete with Man City as Mikel Arteta apologises for falling short in title race | Football News

May 20, 2023
Bank of America commits 0 million to funds led by minority and women entrepreneurs By Reuters

Bank of America commits $500 million to funds led by minority and women entrepreneurs By Reuters

June 15, 2023
Phil Mickelson’s transformation into Shooter McGavin is nearly full

Phil Mickelson’s transformation into Shooter McGavin is nearly full

May 6, 2022
Mortgage Rate MAYHEM & ChatGPT’s Danger to Investors

Mortgage Rate MAYHEM & ChatGPT’s Danger to Investors

March 7, 2023
The Taste With Vir: Hotels and the changing trends

The Taste With Vir: Hotels and the changing trends

October 10, 2023
Merck & Co., Inc. (MRK) This autumn 2024 Earnings Name Transcript

Merck & Co., Inc. (MRK) This autumn 2024 Earnings Name Transcript

February 4, 2025
San Bernardino County Waterfalls to Hike

San Bernardino County Waterfalls to Hike

August 6, 2023
DGMO Lt Gen Rajiv Ghai, the person behind Operation Sindoor strikes on Pak & PoK terror hubs

DGMO Lt Gen Rajiv Ghai, the person behind Operation Sindoor strikes on Pak & PoK terror hubs

May 11, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In