UK watchdog to downgrade productivity forecast, deepening fiscal gap

UK watchdog to downgrade productivity forecast, deepening fiscal gap Summary The UK’s fiscal watchdog is set to lower its forecast for productivity growth, a move that will shrink expected economic output and widen the government’s fiscal gap. A weaker productivity outlook reduces projected tax revenues and increases borrowing needs, making it harder for the Treasury […]

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UK inflation holds steady at 3.8% in August

UK inflation holds steady at 3.8% in August Summary UK consumer price inflation remained unchanged at 3.8% in August compared with the previous month. The flat reading suggests inflationary pressures have not accelerated, but the rate is still well above the Bank of England’s 2% target. The figure will be watched closely by policymakers, markets […]

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Trump’s quarterly reporting move is the wrong idea at the wrong time

Trump’s quarterly reporting move is the wrong idea at the wrong time Summary The Financial Times argues that Donald Trump’s proposal to change or weaken quarterly corporate reporting is ill-conceived and badly timed. The move would reduce the flow of timely financial information to markets, undermining transparency just when investors need it most amid economic […]

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The problem with taxing the rich

The problem with taxing the rich Summary The FT piece (paywalled) explores why higher taxes on the wealthy are politically attractive but practically difficult to implement. It argues that legal and economic realities — such as tax avoidance, asset mobility, valuation problems and enforcement limits — blunt the effectiveness of higher top rates or wealth […]

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