#tax-increases

#tax-increases

He has highlighted four signature policy proposals: universal child care, free buses, city-owned grocery stores and a rent freeze on rent-stabilized apartments. These ideas have excited New Yorkers who are worried about the soaring cost of living. But if Mr. Mamdani wins, the plans could be difficult to implement. He would have to secure support from critical stakeholders, find funding to pay for the plans and hire the right staff members to make sure they are successful.

"The Directors' Economic Confidence Index, a key barometer of UK business sentiment, dropped to -53 in June 2025, down from -35 in May, marking a significant deterioration in optimism among company directors."

UK business confidence has fallen sharply to its lowest level in over two years, driven by concerns over tax increases and Trump’s trade policies.