Today news
About the same in other media
Higher Taxes, Spending Cuts to Follow in Other Countries, U.K. Chancellor Says
Reading now: 323
LONDON—U.K. Chancellor of the Exchequer Jeremy Hunt defended his decision to implement steep tax increases and public spending cuts, saying that many other governments are going to have to follow suit after years of ramped-up spending from the pandemic and new energy subsidies.
The U.K. on Thursday became the first Western economy to say it would sharply curtail its spending growth, even as a recession begins to take hold. Mr. Hunt announced £55 billion of budget cuts and tax increases aimed at convincing investors that the U.K. government is serious about tackling its rising debt load and combating inflation running at 11.1%.
Read more on wsj.comAbout this in other media
Billion-Dollar NFT Platform Backed By Gary Vee Cuts a Third of Workforce Amid Market Downturn – Here’s What You Need to Know cryptonews.com /1 year ago
Eurozone inflation has not peaked and risks rising even higher, says European Central Bank head euronews.com /1 year ago
Billionaire Investor Bill Ackman Says Crypto Regulators Will Take ‘Years’ to ‘Catch Up’ cryptonews.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
