Economics
Hiking Taxes, Cutting Benefits: Sunak Faces 5 Key Fiscal Choices
- Think tank says reversing welfare uplift would hurt millions
- Fiscal windfall won’t be enough to avoid tough decisions
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U.K. Chancellor of the Exchequer Rishi Sunak is facing five crucial fiscal decisions -- including whether to deliver the biggest overnight welfare-benefit cut in history and the largest state pension increase in 30 years, according to the Resolution Foundation think tank.