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World

The real reason the Treasury can’t find the fiscal ‘black hole’

12 September 2024

8:46 PM

12 September 2024

8:46 PM

The Chancellor was so shocked when she received the briefings from Treasury officials that she had no choice but to scrap her election commitments. It was so serious that it was about to crash the markets. It had to be fixed so urgently that the winter fuel allowance had to be cut, and we will need huge tax rises in a ‘Horror Budget’ next month.

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