𝕏xGB first seen 8 d ago, last 2 d ago, peak #1
Chancellor refuses to promise welfare bill cut before election
Original: Friday News Roundup in Bankrupt Britain • Chancellor won't promise the benefits bill falls before the election • Savers
A Friday news roundup circulating in Britain lists a series of grim fiscal headlines: the Chancellor has declined to promise the benefits bill will fall before the election, savers and landlords face a 2p tax hike, the tax burden has hit a record 38.6% of GDP, national debt has reached £3 trillion, and the past decade marked the worst for household income growth on record. The roundup is being shared as a snapshot of the country's worsening public finances and cost-of-living pressures.
Why now: The combination of record tax burden, rising debt and tax rises on savers has sparked debate over the government's economic management ahead of the election.
UK TreasuryChancellor of the ExchequerUnited Kingdom
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