A summary of the UK budget from UK Chancellor Hunt ...Middle East

UK Chancellor Hunt announced plans to reduce debt and cut taxes, with the Office for Budget Responsibility (OBR) assessing that these measures will lower inflation and boost GDP.The Chancellor intends to reduce business taxes.Welfare benefits will be increased by 6.7%, aligning with expectations.There will be increased support for housing costs through the local housing allowance.UK Chancellor Hunt has announced a freeze on all alcohol duties until August 1st, 2024TO increase pension allowance by the full triple lock commitment of 8.5%The headline debt is expected at 94% of GDP by the end of the forecast horizon (FY 27/28)To create new simplified R&D tax reliefWill sell NatWest shares back t

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