The best ways to fix britain’s budget
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Leaders | Britain’s economy THE BEST WAYS TO FIX BRITAIN’S BUDGET CONTROLLING PENSIONS SPENDING AND TAXING PROPERTY ARE THE RIGHT ANSWERS On November 17th Jeremy Hunt, Britain’s chancellor,
will unveil the most austere tax-and-spending measures since 2010. The tightening could be worth nearly £55bn per year ($62bn, 2.5% of GDP)—or about a billion pounds for each day since Liz
Truss’s disastrous government lost the confidence of financial markets by promising huge unfunded tax cuts. To regain credibility, Britain must now ensure that its debt-to-GDP ratio starts
falling within five years. This article appeared in the Leaders section of the print edition under the headline “How to fix a budget in 55 days” ------------------------- LEADERS November
12th 2022 * →After the midterms, America and its democracy look stronger * →Imagining peace in Ukraine * →America and China must talk * →Israel’s centrists should back Binyamin Netanyahu *
→The best ways to fix Britain’s budget * →Economic growth no longer requires rising emissions FROM THE NOVEMBER 12TH 2022 EDITION Discover stories from this section and more in the list of
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