UK Needs to Cut Spending by Over $66Bln to Stabilize Public Debt, Think-Tank Says

UK Needs to Cut Spending by Over Bln to Stabilize Public Debt, Think-Tank Says

MOSCOW (Sputnik) – The UK government will need to tighten fiscal policy and cut spending by more than 60 billion pounds ($66 billion) to stabilize public debt after announcing massive tax cuts, the Institute for Fiscal Studies (IFS) said on Tuesday.

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