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U.K. Government Will Stick to Budget Rules, Treasury Chief Says

U.K. Government Will Stick to Budget Rules, Treasury Chief Says

The U.K. government will continue to stick to its budget rules despite a series of challenges that include big changes in geopolitics and trade, Chancellor of the Exchequer Rachel Reeves said Tuesday.
Figures released earlier in the day showed the government's June borrowing was the second highest for that month on record, exceeded only in 2020 when the Covid-19 pandemic pushed government spending sharply higher and lowered tax revenues.
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