- Friday, April 19, 2024
By: Radhakrishna N S
UK finance minister Philip Hammond held out the prospect of an end to Britain’s long spending squeeze provided the government secures a Brexit deal with the EU, putting pressure on the divided conservative party to back prime minister Theresa May. Delivering an annual budget speech on Monday (29) that sought to change the tone about tax and spending a decade after the financial crisis, Hammond announced tax cuts for households and the easing of welfare curbs for poorer working families. He also took aim at big tech firms such as Google, Facebook and Amazon with a new sales levy. In…
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