Alan Howard, co-founder of Brevan Howard Asset Management, joins the ranks of wealthy individuals exiting the UK amid tax hikes https://t.co/Xb9MUN4QiR ...

Core Argument - The Washington Post editorial board criticizes Mayor Brandon Johnson's proposed tax hikes, claiming they threaten Chicago's economic growth and tax collections, while the mayor defends his position as being misrepresented [1][4]. Economic Impact - Mayor Johnson argues that increasing taxes on less than 1% of the largest corporations will not harm job growth, countering the claims made by the Washington Post [2]. - Critics suggest that the proposed tax increases could drive businesses out of Chicago, exacerbating the city's economic decline [10][12]. Public Safety Concerns - There is a significant concern regarding rising crime rates in Chicago, with critics highlighting incidents of violence that they believe are not being adequately addressed by the mayor [8][9]. - The perception is that the mayor's focus on fiscal matters is overshadowed by the urgent need to tackle crime, which is seen as detrimental to the city's economy [6][8]. Leadership Critique - Critics argue that Mayor Johnson lacks experience in business and governance, which they believe contributes to his ineffective leadership and decision-making [11][12]. - There are allegations of corruption and mismanagement within the administration, with claims that taxpayer money is being misused [5][7].

Fiscal Policy and Economic Outlook - The budget aims to cut borrowing and debt, with an increase in headroom to £217 billion [3] - The IMF indicates the UK has a faster rate of fiscal consolidation compared to other G7 economies [4] - Some fiscal repair is expected to extend to 2028 and beyond [4] - The government aims to beat growth forecasts, targeting 15% growth this year [11] Taxation and Revenue - The government acknowledges that freezing tax thresholds will require ordinary people to contribute more [7] - The Office for Budget Responsibility (OBR) productivity downgrade is expected to result in £60 billion less in tax revenue [7] - The government denies that policy measures in the budget impact growth forecasts [8] - The government defends its tax policies as fair and necessary choices in the current circumstances [13] Government Initiatives and Reforms - Planning and Infrastructure Bill is nearing completion [10] - The government highlights the India deal and planning and infrastructure bill as positive for the economy [8] - Changes to Universal Credit are projected to add 15000 people to the workforce [8] - The government is focused on growing the economy through reforms, including pensions and planning [14]

House prices in Kensington and Chelsea fell by almost £160,000 as the housing market reels from expected tax hikes in the UK budget next week https://t.co/rgTm8h3SnS ...

Rising unemployment has given Britain's Labour government a warning over tax hikes — but Chancellor Rachel Reeves has little option but to come back for more. Get the Readout with Julian Harris. https://t.co/PiheBjzBN3 ...

Government Spending - Mexico's lower house approved President Claudia Sheinbaum's second year budget, outlining 10.1 trillion pesos (approximately $543 billion) in spending [1] Fiscal Policy - The budget includes a series of tax increases [1]

UK Chancellor Rachel Reeves made an unusual appeal to the British public to support her upcoming budget, as speculation about tax hikes reaches fever pitch.@lizzzburden reports https://t.co/eUvgpIr6pe https://t.co/2U6TnYtyss ...

Government Fiscal Policy - Mexico's ruling party senators approved the revenue portion of next year's budget [1] - The budget includes tax hikes designed to boost government income [1] - The government aims to narrow its 2026 fiscal deficit [1]

Can the UK government secure trade deals abroad that reduce the need for tax hikes at home? With Chancellor Rachel Reeves in the Gulf, that's the hope. Get the Readout with @allegrastratton https://t.co/hfbhTe99ak ...

MARTIN Several lawmakers have said that higher taxes are basically inevitable because of federal cuts to health care and food aid under President Trump's new mandates, new budget laws. Where does that leave what Mamdani is proposing and what Andrew Cuomo says he will do for the city. Well, it's going to make my daddy's proposals harder to get through the legislature.The state is facing a seven and a half billion dollar budget deficit. You have the cuts from the one big, beautiful bill. So they're going to h ...