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Jeremy Hunt raises taxes and cuts spending to restore market confidence in UK

Jeremy Hunt raises taxes and cuts spending to restore market confidence in UK

UK economy in recession expected to contract in 2024 Nearly half of £55bn of belt-tightening due to tax hikes Budget watchdog sees 7% drop in living standards IFS think tank says most of the hit to come after 2024 The pound falls almost 1% against the dollar LONDON, Nov 17 (Reuters) – Britain’s Finance Minister …

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