UK government dishes out extensive tax cuts as country braces for recession

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LONDON — The new U.K. government announced a sweeping program of tax cuts and investment incentives Friday, as Prime Minister Liz Truss seeks to boost the country's faltering economic growth.Speaking to the House of Commons, Finance Minister Kwasi Kwarteng said the government wanted a "new approach for a new era focused on growth" and was targeting a medium-term 2.5% trend rate in economic growt...

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