UK Treasury withholds details on £22bn fiscal gap, sparking concerns on tax hikes and spending cuts.
The UK Treasury is not releasing details about a £22 billion ($26.5 billion) fiscal "black hole," which has raised concerns over potential tax increases and spending cuts. Critics, including former Bank of England economist Andy Haldane and Shadow Chancellor Jeremy Hunt, argue the claim is unfounded and politically motivated. The Treasury cited concerns over accuracy when declining a Freedom of Information request, leading to increased uncertainty among consumers and investors.
September 11, 2024
8 Articles