Hunt scales back energy price cap duration as he acts to stabilise markets

Hunt scales back energy price cap duration as he acts to stabilise markets

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Social Studies, Business

University

Hard

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The government emphasizes its responsibility for economic stability, crucial for businesses and families. It announces changes to the mini budget, reversing most tax measures from the growth plan. The planned cut to the basic income tax rate is postponed to maintain sustainable public finances. The energy price guarantee remains unchanged, but future tough decisions on tax and spending are anticipated to ensure economic growth and stability.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the biggest single expense in the growth plan mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What commitment does the government make regarding debt and the economy?

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