Good morning Britain’s Chancellor of the Exchequer Jeremy Hunt aims to fund tax cuts through public services, Israel counts the cost of war and shows signs of optimism in China’s hardest-hit property sector. Here’s what people are talking about.
Finance Minister Jeremy Hunt will redouble pressure on Britain’s crumbling public services to fund 21 billion pounds ($26.2 billion) in tax cuts designed to boost growth and revive the Conservative Party’s electoral fortunes. After the election, expected next year, government agencies will have to make a further £19 billion in cuts, on top of spending plans that the Resolution Foundation research group had already deemed “implausible”. Compared to the measures taken by Chancellor George Osborne over the last decade, these are austerity measures.
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