UK Budget Surprises in Red | Bermuda News

The UK government stumbled into a £1.8 billion budget deficit in July — a shocking twist despite record-high tax receipts — as soaring inflation-driven spending on benefits and services swallowed up the gains, leaving economists stunned and new Finance Minister John Healey facing a tough October budget. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1449f456a484a879