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Tax driver: Labour’s budget

The Intelligence from The Economist

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Labour's Budget: A Shift in Taxation and Spending

This chapter analyzes Labour's recent budget, focusing on significant tax increases and borrowing strategies aimed at funding public services. It critiques the lack of innovative reforms and questions the efficiency of spending, particularly in the NHS. The discussion highlights the challenges posed by increased taxation and borrowing, comparing Labour's approach to traditional models in America and Europe.

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