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Creating a dividing line over spending and borrowing could play well with Conservative voters

Many will greet the news that Rishi Sunak has committed to tax cuts in the Spring Budget with a degree of cynicism. Having presided over record taxation, with the burden set to reach a post-War high, it will be difficult for the Government to persuade the public of its intention to let people keep more of what they earn. The 2p reduction in employee National Insurance Contributions announced in the Autumn Statement was undermined by the continued squeeze on taxpayers from fiscal drag.

Louis XIV established the French East India Company (1665-1674) with the intention of outpacing the English and Dutch in trade with Asia.

What historical anniversaries are in August? We round up the events, births and deaths…

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