Six wealthy areas in and around London are set for annual tax hikes in excess of 5% in the coming years, after the Labour government lifted a cap on council levies to make up for its efforts to shift funds to poorer communities. https://t.co/8DZf2KotUC ...

Romanian inflation stagnated last month as a raft of tax hikes and austerity measures to narrow a budget deficit that’s become the widest in the European Union continues to impact prices https://t.co/dCUULZQXV4 ...

So finally, Chancellor, you've effectively just broken your promise made after the last budget not to raise taxes again. Will you now rule out more tax rises whether directly or by stealth this parliament. >> So last year I had to close the black hole in the public finances left by the Conservatives. Uh and um in the budget last year um I lived within the forecast set by the OBR.uh they have now changed their forecasts around productivity and they are very clear that's nothing to do with the policy of this ...

Prime Minister Keir Starmer said the UK budget announced next week would be “based on Labour values,” as speculation builds that Chancellor Rachel Reeves will have to target the wealthy with tax hikes https://t.co/MXypHHoYtz ...

Mexican President Sheinbaum has repeatedly ruled out tax hikes, but new levies are hidden in plain sight in a 2026 budget her ruling Morena party is pushing through Congress https://t.co/39FUzSxEei ...

Economic Overview - The UK's jobs market is showing signs of weakness, with average regular earnings excluding bonuses rising by only 4.8% in July, the slowest pace since June 2022 [2][74] - The number of job vacancies has fallen for the 38th consecutive month, dropping to 728,000 in the three months to August from a peak of 1.3 million in 2022 [2][67][42] - Payroll employment has decreased by 153,000 since October last year, with a decline of 8,000 in August alone, indicating a trend of shrinking workforce [3][70] Impact of Government Policies - The decline in job numbers is attributed to the tax increases implemented by Chancellor Rachel Reeves, which included a £40 billion tax hike and increased National Insurance Contributions [5][6][70] - The retail sector has been particularly hard hit, with jobs in retail falling to a record low of 2.78 million, down by 97,000 from the previous year [53][54] - The Employment Rights Bill and rising costs are seen as significant barriers to hiring, with 45% of business leaders citing employment regulation as a major obstacle to growth [38][36] Youth Employment Challenges - Young people have been disproportionately affected, with 51,000 fewer under-25s in payrolled work since April, largely due to rising employment costs and increased competition from lower-skilled migration [5][14] - The number of under-30s on out-of-work benefits has risen by 66,000 since the General Election, highlighting the challenges faced by this demographic in securing employment [5][13] Future Economic Outlook - Economists predict that the Bank of England will maintain interest rates at 4% for the remainder of the year, as wage growth remains above inflation, which was recorded at 3.8% in July [9][60][71] - The overall economic environment suggests that the UK may face further turbulence, with the unemployment rate potentially exceeding 5% in the coming months due to rising costs and weakening demand [68][69]

The New York Democratic mayoral candidate has proposed tax hikes on the wealthy and businesses; free buses and child care; and a $30 minimum wage by 2030. He is highly unlikely to enact these https://t.co/KCdbV3puuM ...

Policy Proposals - The New York Democratic mayoral candidate has proposed tax hikes on the wealthy and businesses [1] - The candidate also proposed free buses and child care [1] - A $30 minimum wage by 2030 was proposed [1] Political Outlook - The report suggests that the candidate is highly unlikely to enact most of the proposed ideas [1]