Chancellor Rachel Reeves acknowledges that her £40bn tax-raising Budget may impact wage growth for workers, as businesses may need to absorb costs through reduced profits leading to potentially lower wage increases. Despite this, the Office of Budget Responsibility predicts an increase in household incomes during this Parliament. The IMF supports the Budget’s investment and spending on public services, while IFS director Paul Johnson warns of the need for further tax rises in the future and questions the feasibility of the spending plans.
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☕️🥐FC Breakfast: Kvara shines 🍅 Boca in crisis 😨 odd award for an MVP 😅
Boca in a historic crisis 🫣Boca Juniors is facing its worst-ever winless streak, with eleven consecutive games without a victory, prompting hopes for improvement against Raina Club on August 9. In lighter news, Bryne club in Norway rewards its "man of the match" with groceries, and Khvicha Kvaratskhelia amusingly got sunburned during his vacation. Want More Context? 🔎
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