The plan presented by the chancellor of the Exchequer, Rachel Reeves, called for spending increases and higher taxes on the wealthy and the middle class.
Category: Economic Conditions and Trends
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A Major Moment for the British Economy: What to Watch in the U.K. Budget
Rachel Reeves, the top economic official in an increasingly unpopular government, will appear in Parliament to present tax and spending plans.
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Britain’s Most Unpopular Chancellor in Decades Faces Another Big Test
Rachel Reeves, who has had a bruising tenure as the country’s top economic official, is set to announce tax and spending measures that risk stoking more discontent.
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Mexico Is Now the United States’ Top Buyer
For first time in at least 30 years, the United States has exported more to Mexico than Canada, U.S. government data show, in a sign of how much North American trade has consolidated.
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Trump Tariffs Push Japan’s Economy Into Contraction
The Japanese economy shrank by 1.8 percent compared to the same quarter last year, as U.S. tariffs dampened automobile exports and prompted a bleak outlook for growth.
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Britain Faces Up to Tough Economic Choices. Finally, Economists Say.
The central bank held interest rates steady on Thursday, a decision that came at a time when British policymakers and lawmakers are confronting economic challenges.
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This Trillionaire Economy Thrived in a Global Order Trump Is Ditching
Poland and other countries across Europe that found economic success in an era of collaboration are now facing a crumbling of international alliances.
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China Started Separating Its Economy From the West Years Ago
Two decades of sustained effort to build national self-reliance and minimize imports have antagonized trade partners but fortified what a senior adviser called Beijing’s “bulwark” against conflicts.
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Shutdown Could Cancel Next Inflation Report
Since the shutdown began, the Bureau of Labor Statistics has not been gathering the new data it needs to produce future reports, since its staff is furloughed.
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China’s Consumers Are in a Years-Long Funk. Will Anything Get Them to Spend?
Countries worldwide are buying more than ever from China, but domestic consumption is lagging and government stimulus efforts aren’t working.
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China Has Another Lever to Pull in Showdown With Trump: Factory Lines
In Washington, China hawks say its economy is too weak to withstand a tariff shock. In the city of Yiwu, factories are showing why, for now, that may be a miscalculation.
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China’s Economy Held Steady in the Third Quarter, but Consumers Were More Cautious
A further increase in China’s trade surplus failed to fully offset the effects of a worsening housing market, which has left consumers wary.