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Friday, May 17, 2024

U.K. Chancellor Warns Taxes Will Stay High as Inflation Bites

LONDON—U.K. Chancellor of the Exchequer Jeremy Hunt ruled out tax cuts in the near future as Britain grapples with decades-high rates of inflation, rising interest rates and slow growth that looks set to crimp government finances for years to come. “Right now to reflate the economy with further …

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