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Boris Johnson Warned Against Big Tax Cuts as U.K. Faces No-Deal Shock

  • Chaotic exit could send government debt to highest since 1960s
  • Economy set for two years of stagnation after no-deal Brexit
Boris Johnson 

Boris Johnson 

Photographer: Simon Dawson/Bloomberg
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Prime Minister Boris Johnson was urged to rein in his tax-cutting plans amid warnings that a no-deal Brexit could blow a 100 billion-pound ($123 billion) hole in the public finances and lift government debt to its highest for half a century.