India, Oct. 14 -- The British pound strengthened against other major currencies in the European session on Wednesday, as UK Chancellor of the Exchequer John Healey promises to finance the cost-of-living support package through increased taxes or cuts in public spending rather than further borrowing.
The fiscal package is anticipated to be "scorecard positive" in 2029-30, the last year of the current parliamentary term, according to the report, which cites sources acquainted with the UK's budget preparation. This implies that all additional discretionary expenditures would be completely covered.
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