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Britannia unhinged

The Slow Newscast

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Is There a Higher Rate of Income Tax?

By the time Truss and Quatting arrived in Downing Street, according to one former cabinet minister, the budget was all pre-cooked. The two of them had hashed out their growth plan in Truss's living room in Greenwich and the nearby rich of the first pub. One depressed former government official says it's like this: 'The thing about the British system is that the PM and the Chancellor can do what they like'

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