The budget for 2025-2028 will see the country's general rate of Value Added Tax (VAT) increase to 25.5 percent from the current level of 24 percent, with cuts to education and healthcare also in the pipeline.
CBO says buying 18 medium landing ships could cost $3.6 billion more than the Navy expects, a 138 percent overrun.
Sir Keir Starmer reiterates Labour's commitment to the UK having nuclear weapons to "keep Britain safe".
Rishi Sunak has condemned pro-Palestine protesters that staged a demonstration outside Labour leader Sir Keir Starmer’s home.
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(Bloomberg) -- Brazil believes it has found a way to pay for the fight against climate change and world hunger: Tax the super-rich.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingIsrael Launches Retaliatory Strike on Iran, US Officials SaySingapore Loses ‘World’s Best Airport’ Crown to QatarAs president of this year’s Group of 20 nations, Brazil has made implementing a global...
The investment is part of Labour’s Green Prosperity Plan and is expected to bring in billions in private sector cash.
OTTAWA - The federal government expects that its latest effort to discourage Canadians from smoking, contained in the federal budget tabled Tuesday, will generate $1.7 billion in new revenue. That increased cash flow happens to coincide with the launch of a new $1.5-billion drug plan offering universal coverage for contraceptive and diabetes medications. Both programs were billed as new health measures in the budget tabled Tuesday in the House of Commons by Finance Minister Chrystia...
Yuval RosenbergApril 11, 2024President Joe Biden’s new student debt relief plans are projected to cost $84 billion if enacted, according to the
China’s inflation rate slowed in March, official data showed Thursday, as policymakers struggle to jumpstart persistently low spending in the world’s second-largest economy. The consumer price index (CPI) last month edged up by 0.1 percent year-on-year, according to the National Bureau of Statistics (NBS), below the 0.4 percent gain forecast by a Bloomberg poll of […]
(The Center Square) – The conflict over how to address getting rid of Illinois’ 1% grocery tax continues with Republicans saying their plan should be considered. In 2022, as a way to address high inflation, the legislature zeroed out the 1% grocery tax for 12 months. This year, Gov. J.B. Pritzker wants to get rid of it altogether, but local governments say that could mean a $375 million hit. Tuesday, Pritzker laid out his plan to cover that. “It will be brought up...
The increased cash flow coincides with the launch of a new $1.5-billion drug plan to offer universal coverage for contraceptive and diabetes medications.