The Japanese government approved a significant bump in military spending and an end to the country’s ban on exporting lethal weapons. The Cabinet of Japan made the decision Friday to increase defense spending by 16% and overturn the export ban which has
The UK’s overall tax burden is still on course to hit a record high (Image: Getty) Jeremy Hunt insists tax cuts he announced in the Autumn Statement were to help Britain’s long-term growth. The Chancellor said they were not “crowd-pleasing” sweeteners for
He promised an “Autumn Statement for growth” and pledged to “spread this prosperity across the UK”. The Treasury is betting that if it can turbo-charge productivity in the public sector this will clear the way for tax cuts. It believes that measures
Germany’s economy will shrink by 0.4% this year and grow only by a relatively modest 0.7% next year, the government’s panel of independent economic advisers forecast Wednesday. The panel joined several other forecasters in revising downward its outlook for Europe’s biggest economy.
Disappointing data indicating the Eurozone economy contracted in the third quarter of 2023 has prompted analysts to forecast “sluggish growth” throughout the monetary union for at least two years. And Germany, traditionally the European Union’s economic powerhouse, is “struggling”, the UK-based Centre
Senior Tories claim the Chancellor has been given bad advice and have drafted a package of targeted reductions to fire up the economy. They include cutting VAT on energy and fuel VAT by 5%. Easing the tax burden on November 22 is
Global economists were branded “pessimistic” about the UK after downgrading growth forecasts for next year. The International Monetary Fund said it expects Britain to record the weakest expansion across the G7 group of advanced economies in 2024. But Tories have pointed out
Hong Kong’s leader said Tuesday the city would seek to strengthen its economic and trade ties with Thailand after a meeting with the country’s prime minister, as the Chinese financial hub looks for more business opportunities in Southeast Asia. Chief Executive John
Labour leader Sir Keir Starmer’s plans for government spectacularly unravelled as he was grilled in a major interview on the first day of the Labour conference in Liverpool. The BBC’s Victoria Derbyshire repeatedly asked him where the economic growth was coming from
The United Nations trade body called on Wednesday for global growth to be revived by reducing inequalities between countries and for top central banks to play a bigger role in stabilising the world economy. In its 2023 Trade and Development Report, the