Badenoch Warns Healey’s Budget Risks Worsening

The upcoming budget is expected to see no increase in capital gains tax, as Chancellor John Healey has decided against it, focusing instead on a tax hike on banks to fund targeted support for the cost of living. Healey will also reduce the government's fiscal buffer from £23bn to around £15bn. Critics like Kemi Badenoch warn the budget will do more harm than previous tax-raising budgets, with concerns over minimal spending cuts and potential long-term impacts.

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