As the mayor of Frankfurt offers tax cuts to encourage the banks now decamping from London to come to Germany (see lesson 1), the inevitable loss of tax revenues will mean the a new "austerity" budget in the Autumn.
George Osborne warns UK to expect spending cuts and tax rises after Brexit vote | UK Politics | News | The Independent
George Osborne warns UK to expect spending cuts and tax rises after Brexit vote | UK Politics | News | The Independent
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