UK awaits voter-friendly budget before election

Eastern Eye04 Mar, 2024News

Britain’s Conservative government unveils a pre-election budget Wednesday that could feature voter-friendly measures as Prime Minister Rishi Sunak’s party badly trails main opposition Labour in polls. Huge giveaways are not expected, however, as stubbornly-high inflation hikes repayments on state borrowing, undermining the ability to stimulate the recession-hit UK economy. Finance minister Jeremy Hunt, who unveils his budget before parliament, dampened hopes of major tax cuts in comments at the weekend.