UK Chancellor Healey avoids welfare cuts despite £28bn public finance shortfall

UK Chancellor John Healey has declined to cut welfare spending this parliament, despite warnings of a £28bn shortfall in public finances. The IFS criticizes the budget as 'scattergun', noting Healey ducked major tax and spending decisions, leaving a difficult fiscal path ahead. This signals a potential policy reversal from earlier austerity signals and raises uncertainty about future fiscal consolidation.

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