Lizzy, this is a question you put this question to the Chancellor before why she's given herself once you gave us such small fiscal headroom, and now the IFS is underscoring just how much that needs to be expand in the years ahead. What are the consequences if she doesn't do this. I'm glad you remember that, Tom.Of course, we've had two fiscal events so far. This government, the last autumn budget and the spring statement, and both the chancellor left herself a razor thin margin of £9.9% billion. And becaus ...

A billionaire Conservative Party donor and his family almost tripled the annual payout from their business empire, pocketing the windfall as fears grow over UK tax hikes https://t.co/zdale4X4V2 ...

Fiscal Policy - Russia aims to hold federal spending flat next year [1] - Russia is considering tax hikes to address a widening budget gap [1] Economic Impact - Fiscal pressure from the war in Ukraine continues to mount [1]

I've said I don't want to raise income taxes on high netw worth people. I want them to know that New York is a place where we want to foster innovation. Uh be open to your success because your success means you're hiring more people. You're putting more people to work.Any tax increase has to come across my desk first. So I will work with whomever the mayor is as long as they want to help foster my policies which is prog growth, pro business. And uh if it's Mandami, I will work closely with him to help him u ...

Romania is set to present a fiscal package of tax hikes and wage freezes in the public sector to scale back the budget deficit https://t.co/y44U1kOGbf ...

Market Concerns - Wall Street is worried about the potential market impact of a leftward political shift, particularly concerning New York City real estate [1][2] - Stocks connected to New York City real estate, including those lending to apartments or REITs with exposure, are taking a hit [2] - There are concerns about the wealthy leaving New York City and the subsequent loss of tax base [3] Political Landscape - The New York mayoral primary is seen as a potential sign of a leftward move in policy, even if people are voting against their wealth interests [7] - Policymakers and investors are trying to understand the direction of the Democratic Party post-Trump [5][6] - The market reaction is driven by concerns about the direction of the Democratic Party, not just the New York mayoral race [7][8] Policy Implementation - Policy proposals, such as tax raises on the rich, would face challenges in implementation, requiring approval from moderate Governor Kathy Hochul [8] - Significant debt issuance would also be challenging [8]