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With the Budget set for 26 November, Chancellor Rachel Reeves is expected to make “necessary choices” for the economy to tackle issues like NHS waiting lists, national debt and the cost of living.
She has confirmed that both tax rises and spending cuts are on the table, though she has ruled out increasing income tax rates.
Analysts suggest the government may extend the freeze on tax thresholds, which would raise revenue without technically increasing rates.
The financial gap is estimated at around £20 billion, so the pressure is high for this week’s announcement.
Do you feel optimistic about the Budget?
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