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Published 2 months ago

Britain’s governing Conservative Party hopes tax cuts can lift ailing election fortunes

  • The British economy withstood the pandemic and energy price spike, prompting taxes to remain high despite potential cuts.
  • A tax-cutting election year may see cuts in national insurance and income tax, paid for by spending cuts and tax increases.
  • Facing economic instability, U.K. Households struggle amid rising tax burdens as the government recoups pandemic spending losses.
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