In the face of farmers' protests in Britain, the country's Prime Minister Keir Starmer remained firm on the previous decision on the budget. In a speech given on Saturday (November 16), he promised to protect the new decisions of taxation taken in the first budget of the government. British news agency Reuters reported this.
“I want to make it clear that I will defend the budget decisions,” he said at the Welsh Labor conference in North Wales. I will support decisions taken to meet the tough challenges of economic reality. Even if the measures necessary to stabilize our economy are drastic, I will stand my ground.'
At that time, hundreds of farmers protested outside the conference venue. They alleged that the new measures in the budget would increase the tax burden on more farmers. This will make the agricultural sector more competitive. Due to these changes, agricultural products may become expensive. As a result, they expressed fear that food security may be threatened.
Starmer did not mention farmers' complaints directly in his speech at the conference. However, the British Prime Minister supported the decisions taken in the October 30 budget announcement by Finance Minister Rachel Reeves.
Demonstrators plan a major protest in London on November 19.
The concerns of farmers and traders over the budget clearly indicate that the government's tight fiscal decisions are putting pressure on various sectors. Starmer's announcement touts the budget as a cornerstone of stability, but its long-term impact is debated.
Meanwhile, various business organizations of the country have also expressed concern about some decisions of the new budget. They argue that raising employment taxes and raising the minimum wage could lead to higher inflation, which would have a negative impact on investment and jobs.
