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UK tax hike on the cards, Boris Johnson is adamant

A UK tax rise in the form of a hike in national insurance is what Prime Minister Boris Johnson is seeking, despite a push back from the cabinet.

The cabinet is split over how to pay for the government’s long-awaited social care reforms, according to reports.

Sajid Javid has pushed for a two per cent increase, saying the £10 billion raised from a mooted one per cent rise is not enough, according to The Times. 

The Time's front pages will be read ''PM to dey rebels over tax rise for social care''.

Meanwhile, from a technical point of view, Bears eye 1.3780, near term

 

GBP/USD Price Analysis: Bears eye 1.3780, near term

GBP/USD bulls have taken out near-term resistance around 1.3880-85. The single currency pair could be preparing for a corrective drop towards 1.3780 a
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ECB will be a critical event this week as US dollar looks into the abyss

The euro is flying high and the US dollar is on its knees following a series of bearish events that have taken the bulls by surprise. The central bank
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