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Economy / The Economic Times

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UK unveils tax-raising budget as growth downgraded

Britains Labour administration has rolled out a new budget, surprising many with tax increases. Aimed at shrinking the national debt and bolstering public services, this budget reflects the government's response to projected sluggish economic growth ahead. Tax hikes will target both workers and businesses, with some of the adjustments coming into play in the later parliamentary sessions.

26 Nov 2025 8:28 pm