A cabinet minister indicated that tax rises are a possibility following Labour's concessions to backbench rebels, creating a £4.8 billion hole in spending plans. The chancellor of the duchy of Lancaster acknowledged that the budget is impacted by various financial elements, but refrained from making specific predictions about tax increases. He emphasized that the government will adhere to its tax promises from the electoral manifesto while admitting that changes in welfare policy carry financial implications that must be considered alongside other economic factors.
The process of the last couple of weeks does have financial consequences. They will all be taken together with all the other moving parts that there are in the economy.
I'm not going to speculate on where the budget lands, because there are so many other different moving parts in it, and it wouldn't make sense for me to do that.
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