From WSJopinion: Liz Truss is betting voters want the Tories to be a party of prosperity again. The risk is the U.K.’s economic hole is so deep that two years won’t be enough to dig out.
Markus Schreiber/Associated Press
Mr. Kwarteng is expected to announce this week, or in a formal budget in November, a raft of personal tax cuts. These could involve a reduction in the 20% rate that applies on incomes up to about £50,000, and an adjustment to tax brackets in light of recent inflation. Other tax cuts, such as on business premises, could be in store. Ms.
Britain’s high-tax, low-deficit fiscal scolds claim to be stewards of the pound and gilts, but the real threat to the exchange rate and the marketability of British government debt is a failing economy. A plunge in retail sales pushed the pound last week down to a 37-year low below $1.14.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Liz Truss’s Overturn of Fracking Ban in the UK Is Sparking Grassroots Resistance Liz Truss’s Overturn of Fracking Ban in Britain Is Sparking Grassroots ResistanceThe U.K. will soon see the first license to drill for shale gas issued since 2019, when the practice was banned following a 2.9-Richter tremor at a fracking test well near Blackpool.
Lire la suite »
Biden meets Prime Minister Liz Truss, calls UK ‘our closest ally in the world’President Biden on Wednesday met with new British Prime Minister Liz Truss in New York City — telling her that the UK is “our closest ally in the world.”
Lire la suite »
Breitbart News Daily Podcast Ep. 222: Climate of Violence: Biden Goon Kills MAGA? Guests: Nigel Farage and Kash PatelNEW PODCAST: AlexMarlow is joined by two guests — Hear Nigel_Farage on the Queen's passing, his new king and PM, and the future of Brexit/UK-US trade; then Kash Patel on his new children's book about the 2020 election and his review of MySonHunter:
Lire la suite »
Economic strength can help counter authoritarianism -UK's Truss tells U.N.Britain's Liz Truss said economic strength in democracies could help push back authoritarianism, in her first international speech as prime minister on Wednesday, also defending her plans for economic reform as a boost to the free world.
Lire la suite »