2min chapter

HSBC Global Viewpoint: Banking and Markets cover image

The Macro Brief – Europe’s inflation fight

HSBC Global Viewpoint: Banking and Markets

CHAPTER

UK Government's Constraints on Tax Cuts and Potential Economic Challenges

This chapter explores the limitations faced by the UK government in implementing tax cuts due to the high debt ratio. It discusses the significant debt servicing costs and the political challenges of making expenditure cuts before an election.

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