Britain's new finance minister Rachel Reeves has announced spending cuts of over 13.5 billion pounds to address a 22 billion pound overspend from the previous government. A further decisions on tax will come in the October 30 budget presented by the newly-elected Labour government. The new government has accepted recommendations on increasing pay for state workers at a cost of 9 billion pounds, prompting accusations of future tax rises from critics. Read The Rest at :
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