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United Kingdom

Critics say Chancellor's Budget lacks action on borrowing and growth

Opposition MPs argue the Budget fails to address rising debt and welfare costs, a point that matters for public finance planning and business forecasting.

Photo: Your Local Guardian

What happened

Commentators have described the Chancellor's latest Budget as a steady as she goes Budget, which critics say avoids market turmoil but does little more. Your Local Guardian Bobby Dean MP argues the Budget fails to tackle the economic challenges facing the country and that the government recognises the problems but seems unwilling to act on them. Your Local Guardian Kit Malthouse MP says the Chancellor delivered a strangely bland Budget that he believes was profoundly negligent given the challenges facing Britain. Andover Advertiser Malthouse argues that national debt is growing, the economy is struggling, the welfare bill is rising and the government has responded with more borrowing and higher taxes. Andover Advertiser

Around it

Dean says the government faces constraints, including pressure on public finances, inflation and energy prices linked to the war in Iran. Your Local Guardian Malthouse says the Office for Budget Responsibility forecasts show borrowing higher than previously forecast and economic growth downgraded. Andover Advertiser Malthouse says spending on working-age benefits and other non-pensioner welfare is forecast to rise. Andover Advertiser

Sources

  1. Your Local GuardianHundreds of thousands to miss out on Budget's £100 energy support package
  2. Andover Advertiser'A Budget full of nothing amid economic uncertainty is negligence'

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