britain tax increases

Britain to announce heavy tax increases and budget cuts

Chancellor of the Exchequer to assert that his plan “protects our long-term economic prosperity”. The package is expected to cost £54 billion ($64 billion), Treasury estimates. It comes as UK inflation hits a 41-year high above 11 percent. Britain is scheduled to announce heavy tax increases and budget cuts on Thursday, which could exacerbate the cost-of-living issue for millions of

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