#economic-policy

#economic-policy

"ESRI research has shown that from 2020 to 2025, permanent changes to the tax and welfare system have resulted in small average income losses (-0.3pc of disposable income) compared to policy changes pegged to wage growth."

The industry's current affordability crisis is against the larger illicit market, prompting calls for reversing an excise tax increase that took effect this month.

The new tax break will be available even to people who don't itemize deductions, but there are some caveats that could limit its reach, including vehicle assembly location and loan issuance date.

Kore Power Inc. abandoned its plans for a plant in Buckeye, leading to the cancellation of a promised $850 million federal loan and signaling broader issues in green manufacturing.

No longer. I, like many other longtime doves, am joining the hawks, because our nation's budget math just got a lot more dangerous.

"Childcare, as you know, has been seen as a personal problem for women and workers, but not an economic imperative. We knew we needed to get businesses to make the case..."

Millions of people across India are striking against new government labor and business policies. This includes significant disruptions across various sectors including banking and public transport.

You need to allocate capital to it, right? What has worked for us in Norway is to have a very long-term view on what we do. It has broad political anchoring. It means that when you have a change in parliament or in government, you do not change the way we invest.

Bay Area transit agencies face annual deficits nearing $800 million, leading to calls for increased revenue through a proposed sales tax, which may disproportionately impact lower-income residents.

The US tariff rate is currently at 25% and this could rise to 50% after the 9 July deadline, indicating that Trump is putting more pressure on countries to start negotiating.

Miran dismissed critics like Summers as doom-mongers regarding the Big Beautiful Bill, arguing such claims have repeatedly proven erroneous in the past.

Without changing some of the big taxes, welfare and pensions, they (Labour) can't commit to things like Northern Powerhouse Rail, small modular nuclear reactors (SMRs), and various other things that will make an investment and growth difference.

Although supporters of the reform argue that removing the exemption is essential for combating fraud and improving data quality on the Companies House register, critics in the business community reveal that such changes would impose extensive additional costs and regulatory burdens on smaller firms.

The vote came after House minority leader Hakeem Jeffries (D-N.Y.) broke the record for longest House speech in history at 8 hours and 44 minutes, charging the legislation with disproportionately benefiting the wealthy and adding trillions to the federal deficit.

"The echoes of Truss in 2022 are unmistakable. Back then, it was a reckless mini-budget that shattered market confidence. This time, it's a government lurching from one policy retreat to another, raising serious doubts about fiscal control and political authority."

The Chancellor was seen visibly in tears during Prime Minister's Questions as Sir Keir Starmer refused to guarantee Rachel Reeves will keep her job, amid controversies over welfare reforms.

Workers in about 15 locations nationwide are about to receive a boost in their paychecks, thanks to minimum wage increases that went into effect this week around the country.

The amount added to the national debt of the Senate version of the bill is substantially higher than what the House had crafted, which is the salient point here.

The closing of Gale Street Inn is being used by critics of Mayor Brandon Johnson to argue that getting rid of the tipped minimum wage is detrimental to the restaurant industry.

During these uncertain times, business leaders must navigate shifting economic policies, the rise of AI, and geopolitical instability. Prioritizing action is crucial.