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Tax hikes and spending cuts: What's the new U.K. budget plan?

British finance minister Jeremy Hunt announced a series of tax hikes and a more austere approach to public spending in a tough budget plan on Thursday. The previous administration of Prime Minister Liz Truss had tried to abolish the top rate altogether. The government will freeze until April 2028 the threshold on the amount people can earn tax free as well as the level at which the higher rate of income tax kicks in.
United Kingdom City Of Jeremy Hunt Nick Macfie Andy Bruce Kylie Maclellan
Source: aol.com

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