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The Independent UK
The Independent UK
National
Via AP news wire

UK budget takeaways: Higher taxes, more aid to needy

Copyright 2022 The Associated Press. All rights reserved

Jeremy Hunt has delivered his autumn statement, confirming tax rises for millions and deep public spending cuts as he seeks to repair the public finances following a series of shocks to the economy.

The chancellor said his plan would aim to “rebuild our economy” in the aftermath of the Covid pandemic, Liz Truss’s disastrous September mini-Budget and Russia’s ongoing war in Ukraine, which is fuelling rampant inflation.

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