BBCNEWS BBC News June 4, 2024 14:06:00
Rishi sunak�*s cost of living package which added £9 billion to borrowing in this financial year with savings from subsequent years. fast forward to the 8th of september and that then prime minister liz truss' energy price guarantee and equivalent support for businesses added £70 billion to borrowing over the next two years. to this large near—term loosening, the personal corporation tax cuts in the 3rd of september growth plan would have added £48 billion to borrowing over the medium term. but almost all these tax cuts were reversed in jeremy hunt's statement with the main survivor bei...