According to the minutes of the Council of Ministers, Boris Johnson stressed that he would not seek to implement new policies or major course changes between now and his departure.
British Prime Minister Boris Johnson assured Thursday that he would leave “major budgetary decisions” to his successor, Downing Street announced a few hours after the announcement that he was leaving office.
According to the minutes of the Council of Ministers, Boris Johnson stressed that he would not seek to implement new policies or major course changes between now and his departure.
“He said major budgetary decisions should be left to the next Prime Minister,” according to a statement from Downing Street.
Between inflation at record levels, aid for the cost of living, the risk of recession or even the endless consequences of Brexit, Mr. Johnson’s successor will inherit thorny economic issues.
He will also have to deal with calls from his own conservative camp to lower taxes for individuals and businesses, after a recent hike in social security contributions and a rise in corporation tax expected next year.
However, “the impact of Mr Johnson’s departure on the UK’s position on Brexit and the outlook for the UK economy should be modest”, predicts Kieran Tompkins, of Capital Economics.
After Theresa May’s resignation in 2019 “the whole question of a hard Brexit or not was at stake”, but it is now “just about adjustments to the implementation” of the exit of the United Kingdom United of the EU, according to him.