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Limited Room for Tax Cuts in UK Budget
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UK's fiscal watchdog, OBR, confirms limited money for tax cuts in the upcoming budget, aligning with Treasury's internal analysis. The IMF also advises against tax cuts, emphasizing public service investment and debt control.
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How do the recommendations of the IMF and OBR reflect broader global economic considerations and the UK's fiscal policy?
How might the limited room for tax cuts impact the UK's economic growth and fiscal stability?
What strategies could the UK government employ to address the challenges of low headroom for tax cuts and debt control?
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