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The Financial Times looks ahead to the economic statement expected from Chancellor Rishi Sunak next week, reporting that he has told Tory MPs not to expect big tax cuts to boost the economy. Instead the paper says the chancellor will focus on averting job losses, after the prime minister confirmed the government would phase out the furlough scheme by October.

Financial Times Front Page 14th of June 2024

Labour leader Sir Keir Starmer has announced an £8.6 billion tax increase plan aimed at stimulating economic growth and addressing perceived mishandlings by the Conservative government, with significant focus on funding for the NHS and education and cracking down on tax avoidance.

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