Economic data
Highlights From Healey's UK Budget Announcement
UK Chancellor John Healey speaks in the House of Commons about his budget measures that he says are built on "fiscal discipline" and intended to give the British public "breathing space." During the speech, Healey outlined plans to impose an additional 3% tax on banks’ profits, to increase taxes on gambling and to target 3.5% of GDP for defense spending by 2035. He also announced updated OBR forecasts on growth and fiscal headroom. (Source: Bloomberg)
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