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UK Treasury chief signals tax cuts, squeeze on welfare benefits on way

IndiaTimes Saturday, 18 November 2023
UK Treasury chief Jeremy Hunt has stated that the government can lower taxes as inflation falls, but this will be accompanied by cuts to welfare benefits. Hunt's autumn budget statement is expected to provide relief for businesses and wealthy property owners. He emphasized the need for difficult decisions to reform the welfare state and get more people back to work. Critics argue that cutting inheritance tax may leave poorer people vulnerable, considering the country's economic state. The Conservatives are trailing behind the Labour Party in opinion polls ahead of the national election.
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