The Sunday Times reports that British finance minister Jeremy Hunt is considering cutting income tax or national insurance as they try to rescue their election hopes as they trail badly in polls. “We do want to bring down the tax burden but we will only do so responsibly,” Hunt told Sky News. “The one thing
Euro (EUR/USD, EUR/GBP) News and Analysis EU Bond Spreads on the Move as ECB Officials Call for ‘Fiscal Discipline’ Yesterday the Italian government approved a budget for 2024 that entails tax cuts, increased spending and plans to borrow to fill the gap, despite market concerns over the country’s indebtedness. In recent trading sessions investors have
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© Reuters. FILE PHOTO: A vendor counts Russian rouble banknotes at a market in Saint Petersburg, Russia July 9, 2023. REUTERS/Anton Vaganov/File Photo By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia effectively abandoned its budget rule on Wednesday as the central bank said it would stop conducting finance ministry foreign currency purchases from Aug. 10