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The UK cuts energy bills, taxes banks and boosts defense in high-stakes budget
The U.K. budget cuts household energy costs, raises taxes on banks and directs billions toward defense, Ukraine and artificial intelligence
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The U.K. budget cuts household energy costs, raises taxes on banks and directs billions toward defense, Ukraine and artificial intelligence
Tourist taxes are usually sold as a way to manage crowds. Their deeper appeal is political: They raise money from people who cannot vote against the officials spending it.
On Friday, Berlin announced measures to reduce the price of fuel, a few days after Chancellor Friedrich Merz pledged to make a gesture for consumers affected by the price boom. These measures were announced before two regional elections at high risk for power, weakened by a recent victory of the far-right AfD party.