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The Independent UK
The Independent UK
Jabed Ahmed

Britons cutting back on everyday spending due to gloomy outlook on ‘worsening’ UK economy

Britons are reducing their spending on everyday items amid falling consumer confidence in the economy ahead of the chancellor’s spring budget, according to a new survey.

Rachel Reeves has ruled out “tax and spend” policies in her spring statement on Wednesday, however, she is under pressure to increase taxes or cut spending to meet the financial rules she set in October.

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