Russia's economy is in a bit of a tight spot. After a few years of growth fueled by war spending, things are slowing down. Oil prices are dropping, and the government is spending more than it earns. So, where is the Kremlin looking to make up the difference? Right into the wallets of ordinary people and small businesses. Get ready to pay more for just about everythi...
The UK economy is showing small signs of improvement. Businesses are feeling a bit more confident. They are spending and hiring again after a shaky September. This is good news for the finance minister, who is preparing for a big budget announcement next month. Consumers are also spending more. They bought more iPhones and gold jewelry last month. This surprised exp...
UK government borrowing costs hit their highest level since the Labour party took charge. This happened after Finance Minister Rachel Reeves announced big tax increases in her first budget. Right after the news broke at 12:30 p. m. , the yield on 10-year UK government bonds jumped by as much as 7 basis points. This shows that investors see more risk. The yield later ...
On September 23, UK Finance Minister Rachel Reeves spoke at the Labour Party Conference in Liverpool, hinting at the upcoming budget. This is Labour's first budget in 15 years, and it's causing a stir. Will there be tax hikes or spending cuts? Reeves hinted at a change in debt rules to free up funds for investment. She didn't say exactly what would change, but expert...
The presidential election is heating up, and with it, the debate over the best economic strategy for America's businesses. Kamala Harris and Donald Trump have both released their plans, promising to slash taxes and boost the economy. But what do these plans really mean for small and big businesses? Let's start with the basics. Harris's plan focuses on lowering costs...