CLEAN: UK braced for emergency budget

The video discusses the UK's fiscal deficit, which exceeds £150 billion, and the need to demonstrate to markets the ability to reduce it. The reduction will primarily come from public spending cuts, with some tax increases. The focus is on middle and upper-middle income earners, as there are few millionaires. The UK public understands the need for action, and the chancellor must show fairness in tax and spending changes. The best time to address such issues is in the first budget after an election to avoid bad news before the next election.

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