How did the Chancellor address the issue of falling tax revenues and potential budget deficit?
The Chancellor's NIC cut is estimated to reduce tax revenues by 10.5 billion annually. Future tax increases resulting from freezing income tax thresholds are planned to offset this.
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How did the Chancellor address the issue of falling tax revenues and potential budget deficit?
The Chancellor's NIC cut is estimated to reduce tax revenues by 10.5 billion annually. Future tax increases resulting from freezing income tax thresholds are planned to offset this.
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