The pound rose for a third day against the dollar on Thursday ahead of finance minister Jeremy Hunt’s new budget full of "tough but necessary" measures to control inflation. Hunt, who took over from Kwasi Kwarteng who served as chancellor under former Prime Minister Liz Truss, plans to tackle a 55 billion-pound ($65.70 billion) hole in Britain’s budget by freezing thresholds and allowances on income tax, national insurance, inheritance tax and pensions for a further two years.
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