UK faces tougher austerity era – ex-Bank chief

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Former Bank of England governor Lord King says people could face “significantly higher taxes”. …

“But what we need is a government that will actually tell us honestly there is a reduction in our national standard of living because we’ve decided to help Ukraine and confront Russia and that means that all of us are going to have to share the burden, we can’t just put all of it on our children and grandchildren.”

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