The chancellor will present the Spring Statement alongside the OBR’s economic forecast, facing pressure due to the UK economy’s underperformance and global events. While major policy announcements are reserved for the Budget, speculation surrounds possible spending cuts and a freeze on income tax thresholds. With slow economic growth and rising inflation, challenges include balancing borrowing rules, welfare reform, and potential tax changes to address financial uncertainties.
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What’s the fallout from Trump’s new batch of tariffs? | International Trade News
The US has imposed new tariffs on over 60 countries, with some levies reaching as high as 50 percent, sparking global shock and financial volatility. In response to disappointing economic growth data, President Trump fired the head of the US Labour Statistics agency, raising concerns about the potential backlash of these tariffs on the global economy. Want More Context? 🔎
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