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9min chapter
Tax driver: Labour’s budget
Economist Podcasts
Navigating Britain's Budget Challenges
This chapter dissects the recent budget presented by the Labour government, highlighting a significant £40 billion tax increase aimed at funding public services. The discussion contrasts political perspectives on this fiscal approach and examines the implications for working individuals amidst a backdrop of limited reform ideas. As the government tackles complex financial challenges, the chapter also reflects on broader economic models, suggesting a shift towards a more European-style taxation strategy.
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