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July 2, 2025: Tax Bill Debate Vote Open, Starmer Backs His Chancellor, More

Bloomberg News Now

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Intro

This chapter examines the procedural vote in the House on President Trump's tax and spending bill, emphasizing House Speaker Mike Johnson's remarks on legislative cooperation. It also explores the U.K. market's response to the Labor Party's welfare spending reversal, detailing challenges for the Chancellor and potential fiscal implications.

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