6 Hrs
Source:
The Guardian
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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