"No Tax Rises, No Austerity"

This is a UK news story, published by BBC, that relates primarily to Faisal Islam news.

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budgetary numbers

BBC

•

World

Spring Statement: No tax rises and no return to austerity, but will it last?

Summary

Nutrition label

79% Informative

Low growth and higher borrowing costs have blown the budgetary numbers off course, says Faisal Islam .

The 5bn cut to welfare spending already announced is the biggest single welfare cut for a decade .

But the chancellor may still leave the option on the table for the autumn Budget .

Divvying up defence spending will be a key feature of the Spring Statement .

UK bond yields went up with the US in January , but when that stopped they also rose in line with Europe after massive debt-fuelled rearmament plans.

Small signs of the economy breaking out of its recent rut, especially in the service sector.

Small businesses in retail and hospitality fearing the rises to National Insurance and the National Living Wage are holding out for some sort of alleviation of the pain.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful