this post was submitted on 25 Jan 2024
15 points (94.1% liked)

United Kingdom

4065 readers
301 users here now

General community for news/discussion in the UK.

Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.

Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.

Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.

Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.

If you think "reputable news source" needs some definition, by all means start a meta thread.

Posts should be manually submitted, not by bot. Link titles should not be editorialised.

Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] autotldr@lemmings.world 2 points 9 months ago

This is the best summary I could come up with:


Promises of tax cuts during general election campaigns may have to be rolled back as the UK economy faces some of its worst problems since the 1950s, a new report suggests.

The warning comes after Chancellor Jeremy Hunt insisted he did not make "crowd-pleasing" tax cuts as giveaways ahead of the next general election in his Autumn Statement in November.

The UK is in the midst of a cost-of-living crisis after inflation - the pace at which prices rise - hit double-digit figures.

Economic growth has also been slower, with new challenges on the horizon resulting from attacks by Houthi rebels on ships in one of the world's busiest trading routes in the Red Sea.

A spokesperson for the IFS cited the example of the University of York which was reported to have lowered its entry grade requirements for foreign students in the face of "financial challenges".

The Treasury said its action to "halve inflation and ensure debt falls as a share of the economy means we are now beginning to turn a corner, which is why we can afford tax cuts for 27 million working people this month".


The original article contains 792 words, the summary contains 189 words. Saved 76%. I'm a bot and I'm open source!