Tag: fiscal policy

Two-thirds of Britons Back Spending Cuts Over Tax Hikes as EY Downgrades 2024 Growth Forecast
28 November 2025

Two-thirds of Britons Back Spending Cuts Over Tax Hikes as EY Downgrades 2024 Growth Forecast

EY downgrades UK 2024 growth to 0.7% as two-thirds of voters reject tax hikes, backing Rachel Reeves’ spending cuts instead. The Bank of England holds rates at 5.25%, delaying recovery.

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