UK's taxes are at a 70-year high. But its finance minister won't splash the cash at upcoming Budget
Publishing timestamp: 2023-03-13 02:43:48
Summary
British Finance Minister Jeremy Hunt will deliver the government's budget commitments on Wednesday against a better-than-expected economic backdrop. While there has been a marked improvement in the UK's public finances, households continue to battle a cost-of-living crisis due to high food and energy bills. The Chancellor is expected to stay cautious in his budget, but there is pressure from within his own party to address the country's tax burden. The article suggests that the budget will focus on modest measures to relieve pressures on households and public services, with some fiscal loosening later in the year.
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