UK unveils £94 bn cost-of-living budget package
- Economy
- AFP
- Published Date: 04:19 | 15 March 2023
- Modified Date: 04:19 | 15 March 2023
Britain on Wednesday said cost-of-living support for this year and next will total £94 billion ($114 billion), and forecast the economy would avoid recession this year as inflation slows sharply.
"In the face of a cost-of-living crisis... we have demonstrated our values by protecting struggling families," finance minister Jeremy Hunt said in a budget speech outlining extra support for energy bills and childcare.
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