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UK unveils tax-raising budget as economic growth projections are cut
UK unveils tax-raising budget as economic growth projections are cut

UK unveils tax-raising budget as economic growth projections are cut

Britain's centre-left Labour government unveiled a tax-raising budget Wednesday to curb debt and fund public services -- and said the country's economy would grow less than expected over the coming years. Ahead of the budget, Prime Minister Keir Starmer vowed to reduce National Health Service waiting times and ease a prolonged cost-of-living crisis,

Britain's unpopular government prepares a high-stakes budget and hopes for growth

Britain's unpopular government prepares a high-stakes budget and hopes for growth

After being elected in a landslide last year, Britain's Labour Party government delivered a budget it billed as a one-off dose of tax hikes to fix the public finances, get debt down, ease the cost of living and spur economic growth. A year on, inflation remains stubbornly high, government borrowing is up and the economy is turgid. The annual budget,