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Chancellor John Healey Gears Up for First Budget | Markets & Money News
John Healey is preparing to present his first Budget as Chancellor amid rising oil prices and inflation, leaving him with limited options for addressing financial challenges. With no plans for additional borrowing, tax hikes are likely, as welfare cuts appear off the table. Proposed changes may include increasing the bank profit surcharge, imposing taxes on large foreign online retailers, and raising slot machine taxes. Healey faces the task of balancing fiscal responsibility with public
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