The government announced a budget as a national election looms. Here’s what you need to know.
Category: Conservative Party (Great Britain)
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Britain Is Cutting Taxes Again. Why Now?
The government announced a budget as a national election looms. Here’s what you need to know.
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U.K. to Cut Taxes Again as Election Nears
The Conservative government, trailing badly in the polls, proposed the second tax cut in four months.
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U.K. Cuts Workers’ Taxes as Sunak Faces Election and Stagnant Economy
Britain’s top financial official, Jeremy Hunt, outlined measures to spur business investment and push more people into work.
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NatWest C.E.O. Resigns Amid Nigel Farage’s Feud With Coutts Bank
Nigel Farage, a political insurgent and ally of Donald J. Trump, exposed his bank for dropping him over “reputational risks.” Some analysts say he could parlay his situation into a comeback.
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As Sunak Makes His Case to Britons, the Economy Undermines It
Britain’s stubbornly high inflation rate has come to symbolize a deeper economic malaise — a morass of problems, some new, others longstanding, that are stymying Prime Minister Rishi Sunak.
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President Biden Renews Fight on ‘Surprise Fees’ as Inflation Stays High
President Biden will host executives from several companies, including Airbnb and Live Nation, to announce new efforts to end so-called junk fees as inflation remains high.
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How the Lab Leak Theory Could Strain U.S.-China Relations
The New York Times – Business:The U.S. Energy Department’s report identifying the Wuhan Institute of Virology as the likely source of the coronavirus has already generated pushback in Beijing.
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Brexit Turns 3. Why Is No One Wearing a Party Hat?
The New York Times – Business:The divorce between Britain and the European Union has become the dark thread that, to many, explains why Britain is suffering more than its neighbors.
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U.K. Rail Strike May Scuttle Post-Holiday Plans to Return to Work
The New York Times – Business:Public sympathy for striking nurses and other health workers is particularly strong, posing a challenge for Prime Minister Rishi Sunak, who has promised to confront trade unions.
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UK Approves New Coal Mine, Despite Climate Concerns
The New York Times – Business:Local politicians said the facility, the country’s first new coal mine in decades, would create hundreds of jobs.
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Adidas Cuts Ties With Kanye West
The New York Times – Business:The sportswear brand calculates it will incur a $246 million cost for its decision to terminate its partnership with the hip-hop mogul.