Tag Archives: tax cuts

Truss’ premiership lasted just 49 days as she was forced to quit after a proposed US$54 billion package of unfunded tax cuts panicked the markets and tanked the pound. Source link

From its zero-Covid policy and heavy-handed regulations to deteriorating international relations in a weakened global environment, China faces a ‘storm’ like it’s never seen. Source link

The new prime minister said team ‘should have laid the ground better’ and said plan for huge package of unfunded tax cuts, which drove pound to record low, was taken by Chancellor Kwasi Kwarteng, not the cabinet. Source link

Newly unveiled policy items are expected to help alleviate the severity of China’s economic growth slowdown, but economists remain cautious on the full-year growth outlook. Source link

Beijing has rolled out tax relief and other beneficial policies such as more favourable loan rates and rent exemptions for small and micro-sized firms, but analysts still expect a big hit to consumption this year. Source link