In his budget, Chancellor Jeremy Hunt leaves the UK with the “largest tax burden since the war” and the “tightest two-year squeeze on living standards on records”.
In response to fears of a potential crisis at Credit Suisse, one of Europe’s largest banks, the Bank of England has held emergency talks with international counterparts.
A £3.8bn tax boost was given to the wealthy by Chancellor Hunt in his budget and the chancellor “snubbed” key workers in need of a raise, according to the Daily Mirror.
As Chancellor Jeremy Hunt outlined a range of initiatives to get the UK back on track, he resisted calls from within his own party for tax cuts.
The Daily Star reports that 6ft 4in Jack Andrews is hoping to win at Cheltenham.
According to the i, the budget included a stealth increase in income tax of 4p.
A defiantly upbeat budget from Chancellor Jeremy Hunt offers businesses a £9bn tax break, according to the Financial Times.
Public services are “basically ignored” in today’s budget, with “implausibly tight spending” left to endure, reports the Guardian.
The Metro calls today’s budget announcement the “easy does it budget,” noting that inflation is expected to fall to 2.9% in the UK this year.