UK set to deliver more economic pain ...Kuwait

The New Arab - News
UK set to deliver more economic pain
Britain is set Thursday to unveil hefty tax rises and spending cuts at the risk of worsening a cost-of-living crisis for millions in the recession-bound economy. A day after official data showed UK inflation rocketing to a 41-year high above 11 percent, Chancellor Jeremy Hunt will trigger a fresh era of austerity after the calamitous and short-lived tenure of Prime Minister Liz Truss. The chancellor will insist his strategy "protects our long-term economic growth" while being "compassionate" towards the most vulnerable. "We aren't immune to these global headwinds, but with this plan for stability, growth and public services, we will face into the storm," he is expecte

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