Reeves plans 'targeted action' on bills in Budget

In the upcoming Budget, Chancellor Jeremy Hunt is planning "targeted action" to assist households struggling with the cost-of-living crisis. While the specifics of the measures have not been revealed, the chancellor has signaled that he will focus on providing support to the most vulnerable members of society. The government's priority is to address the rising inflation and energy costs that have placed a significant burden on many households. The Budget is expected to include a mix of tax cuts, increased welfare payments, and other initiatives aimed at mitigating the impact of the economic challenges. However, the chancellor has also emphasized the need for fiscal discipline, indicating that any new spending will be balanced by corresponding savings or revenue-generating measures. The government's goal is to strike a delicate balance between providing relief to those in need and maintaining the overall stability of the UK's financial system.
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