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- 📢 Gate Square #TopContentChallenge# is coming! Post high-quality content and win exclusive rewards!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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Deutsche Bank: The UK may still fill its fiscal gap by increasing tax rates.
Jin10 data, July 14th, reported that TD Securities analyst Kumara stated that the UK may fill its fiscal gap by increasing tax rates and cutting government spending. She pointed out that the UK's public finances remain fragile due to the impact of global tariffs. In addition, the Labour Party's decision to cancel spending cuts related to welfare legislation has also added pressure to the already tight fiscal situation in the country. Kumara mentioned that the autumn budget may require an additional £10 billion to £20 billion in fiscal space. The specific figures are still difficult to determine, as they will also depend on the monthly tax revenues and expenditures leading up to the autumn budget.