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Tag: Taxation
UK Announces Billions in Tax Increases and Spending Cuts
The government is betting that the plan will put public finances back on sound footing but acknowledges that the measures are likely to deepen the economic misery for Britons.
Under Fire, New U.K. Leader Retreats on Economic Strategy
Fighting for her political survival, Prime Minister Liz Truss fired her top ally and reversed course on tax-cutting plans, trying to shore up financial markets and her poll ratings.
Amid Turmoil, Can Truss Afford to Hold on to Tax-Cutting Plan?
Prime Minister Liz Truss and her chancellor of the Exchequer, Kwasi Kwarteng, say they are holding steady on their plans, but experts believe concessions are inevitable.
The Purpose of Extra-Large Marshmallows? A U.K. Court Weighs In
A British tribunal considered how a slightly larger marshmallow might be taxed by evaluating its taste, size and packaging.
Truss Faces Protests During Speech at Her Party’s Conference
Britain’s beleaguered new prime minister weathered a protest during her set-piece annual speech to deliver an uncompromising message.
How the U.K. Finance Minister Came to Ignore Finance Experts
Kwasi Kwarteng, the chancellor of the Exchequer, faces widespread anger over the tax cuts he and Liz Truss have pushed, but their history of dismissing the economic establishment goes back years.
Britain’s Gamble on Tax Cuts has Economists Warning of Past Mistakes
Liz Truss, Britain’s new prime minister, defended her plan in the face of stiff criticism from the International Monetary Fund and others.
On Portugal’s ‘Bitcoin Beach,’ Crypto Optimism Still Reigns
In crypto havens such as Meia Praia beach, the confidence in digital currencies remains undimmed even after this summer’s crash.
U.K. Government Goes Full Tilt on Tax Cuts and Free-Market Economics
The new administration’s plans are a break from the Boris Johnson era and represent a turn toward Thatcherism. The negative reaction from financial markets underscored the extent of the gamble.