Labour's Chancellor Faces £35 Billion Shortfall in Maiden Budget
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John Healey, the UK Chancellor of the Exchequer, is set to face a significant financial challenge in his first budget, with the Institute for Fiscal Studies warning that he must find £35 billion ($46 billion) to meet the Labour government's spending ambitions. This shortfall is primarily due to the impact of inflation on public services and a pledge to increase defense spending.
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🔴 John Healey faces a £35bn shortfall in his maiden Budget, raising th...
UK Chancellor of the Exchequer John Healey must find £35 billion ($46...
Healey must find up to £35bn to meet spending plans, says think tank T...
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