Perhaps the most important long-term change announced in the first Labour budget are the new rules the government has set itself to fund the expansion of public services and increase public investment. These fiscal rules, which set out how much the government can borrow and spend, are seen as critical to reassuring the markets and the public that the government is sensibly managing the economy.
Consumers still give the economy poor marks, though the job market is strong and price increases have faded for months.
To prepare for ever-longer shopping season, thousands of employees were assembled for a retail jamboree in Florida’s August heat.
Noted economic nationalist Alexander Hamilton. Douglas Sacha/Getty ImagesOne of the more surprising developments in recent American politics has been the backlash against free trade.
From the ports of Los Angeles to the cornfields of Iowa, the U.S.’s international trade policy is a force that shapes the lives of every American. With the presidential election looming in November 2024, discussing trade policy isn’t just an academic exercise – it’s a civic responsibility.
It remains priority No. 1 for many voters, particularly those who are still undecided, according to Times/Siena polling. But can Kamala Harris translate her gains into votes?
The Biden administration has pursued a big shift in trade policy, but it’s not clear whether that will be enough to win votes.
Although Donald Trump has opposed policies that favor electric cars, if he becomes president he could ease regulatory scrutiny of Tesla or protect lucrative credits and subsidies.
Chinnapong / ShutterstockCrypto traders are waiting anxiously to see whether it will be the Republican presidential candidate, Donald Trump, or his Democratic rival, Kamala Harris, who will be sitting in the White House come January 2025.
For the first time in 14 years, it was a Labour chancellor who delivered the UK budget. And for the first time ever, that chancellor was a woman. But Rachel Reeves faces an almighty task: plugging a £40 billion spending gap in the knowledge that pre-election promises not to raise the main taxes are still fresh in people’s memories.
Growth was the buzzword of the election campaign – Reeves now had to lay her cards on the table. So here’s what our panel of experts made of the plans:
More challenges for employers and small businesses
