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The world economy is hooked on government debt
FRANKFURT—This year, global growth is being brought to you by the government. Rocked by an avalanche of growth-sapping shocks, countries around the world are tearing up savings plans and rolling out ...
This is a substantially tax-raising budget, but one that tries to obscure where the burden will fall. Rather than confronting the need to raise the basic rate of income tax, the government has opted ...
This story was first featured in the Aftermath newsletter, a series from David Dayen exploring the economic consequences of the war in Iran. To have these stories delivered to your in-box as soon as ...
Asia Is Racing to the Arctic, But It’s Not Easy Economic growth in the Philippines remains on a solid trajectory, but the government has struggled in recent years to reduce its budget deficit. Last ...
The government looks set to report a smaller deficit this year, on the back of higher tax revenue and lower spending.
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. By Mark Landler Reporting from London When ...
UK economic growth almost ground to a halt in the third quarter after September’s activity was hit by a cyberattack on Jaguar Land Rover and the fear of looming tax hikes in the Labour government’s ...
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