Britain’s finance minister said that Britons must “face into the storm” as he announced a swath of new taxes and spending cuts, supposedly to shore up the nation’s finances while somehow still stimulating growth, as the country faces the prospect of the longest recession in recorded history.
The ‘cash-strapped’ government, now preparing tax hikes, will overspend on its aid budget by around £1 billion due to the migrant influx.
Britain’s Chancellor of the Exchequer is laying the groundwork for a series of tax hikes and service cuts in the name of fighting inflation.
The British public will reportedly be on the hook for another £25 billion in tax hikes in Chancellor Jeremy Hunt’s budget next month, as the tax burden is set to hit its highest level since the 1940s.
Sunak implied he would be slashing borrowing, which will certainly mean considerable tax rises, cuts in government, or both.
Truss made her final speech, quoting stoic philosopher Seneca and laying ground for a future ‘told you so’ moment on the danger of high tax.
Brexit champion Nigel Farage has said that, following the “globalist coup” against the very moderately free market conservative Liz Truss, the Conservative (Tory) Party serves no purpose.
The last vestiges of the Truss era were swept away by Jeremy Hunt, officially the new finance minister but as claimed, de facto leader.
U.S. President Joe Biden has made another diplomatic blunder, publicly denigrating Prime Minister Liz Truss over her attempt to cut taxes.
Jeremy Hunt confirmed that once again a Conservative government will raise taxes, a blow to any hope of Liz Truss governing as a Thatcherite.
Hunt opposed Truss for Tory leader, opposed Brexit, and backed China-style lockdowns. His wife has presented TV for a CCP-owned media org.
Liz Truss is no radical but her very slight deviation from treasury orthodoxy has been so harshly punished, a brand new Prime Minister is throwing her brand new chancellor to the wolves.
For every £1 the average UK household will get in Liz Truss tax cuts, it will lose £2 to stealth taxes built into the system, a report claims.
Truss defended her agenda: “Whenever there is change, there is disruption. And not everybody will be in favour… But everyone will benefit”.
The government has noticed some people are taking time off work to look after elderly relatives and they aren’t happy.
Liz Truss is scrapping plans to get rid of the 45 per cent tax rate on income over £150,000 (~$168,000) after pressure from central bankers, the financial establishment, and leftists.
Prime Minister Liz Truss has been on a media tour defending her tax-cutting ‘mini-budget’ amid fierce criticism from the left and central bankers.
Britain’s opposition Labour Party opened its annual conference Sunday, with leaders attacking the “immoral” tax-cutting of the new Conservative government.
The new British government has confirmed a massive energy subsidy programme and widespread deregulation and tax reform for businesses.
Nigel Farage told Breitbart while Truss wouldn’t normally get his support, he thinks she might actually deliver on her Thatcherite rhetoric.
New UK PM heavily hinted there would be tax cuts this week, and that these would not please people with ideological opposition to tax cuts.
Tory leadership hopefuls Rishi Sunak and Liz Truss have set out questionable visions of how they would govern Britain, with tax-hiking Sunak pledging seminal tax cuts – someday – and “right-wing” Truss vowing to import even more migrant workers.
Conservative members who will make the choice on the next UK Prime Minister prefer Liz Truss for the job over Rishi Sunak, polling suggests.
Rishi Sunak, the tax-hiking former Chancellor of Exchequer, and Liz Truss, the Remain-voting Foreign Secretary, are continuing to clash ahead of the vote deciding which of them will replace Boris Johnson.
Germany’s climate crazy economics and climate minister is thinking about taxing gas cars to make them more expensive than their gas counterparts.
Hungary has told the European Union that it must adopt “Christian roots and culture”, as well as rework the union’s “dead end” European parliament
The next Prime Minister will be Sunak or Truss, both long-term allies of Boris Johnson and associates of the World Economic Forum.
The International Monetary Fund (IMF) published a paper Wednesday that warned of dark, troubled economic times ahead when the world can expect to have less of everything except “social instability.”
A German MEP has denounced a proposed EU scheme of “taxation without representation” that would leave Germany a “tax colony” of an “EU empire”.
A spokesman for a prominent pro-life organisation in Ireland has slammed the country’s TV tax-funded state broadcaster for “bias”, which she described as being “petty and pathetic”.
An elected representative within the European parliament has accused the EU of trying to tax its population out of poverty.
Richard Tice, leader of the rebranded Brexit Party, Reform UK, has proposed a bold, tax-cutting strategy to tackle the cost of living and inflation crisis.
Rep. Don Beyer (D-VA) is pushing a 1,000 percent tax on AR-15s and other semiautomatic rifles that Democrats label as “assault weapons.”
The Internal Revenue Service (IRS) reportedly has “no records” on a previous proposal to increase funding to add more agents and expand its authority over U.S. bank accounts with more than $600 a year in transactions.
Billionaire Michael Bloomberg, the failed Democrat presidential primary candidate and former New York City mayor, is paying less than half the federal income tax rate the average American taxpayer pays, newly published Internal Revenue Service (IRS) data reveals.
Urkaine has announced that spoils of war, such as Russian tanks taken from the battlefield, will not be considered taxable income.
Pope Francis met with a delegation from Italy’s internal revenue service Monday, praising them for their work and holding up taxation as a necessary tool for redistribution.
The direct imposition of permanent annual taxes on the earnings of the world’s richest individuals could redistribute wealth and lift millions out of poverty, a report presented to the World Economic Forum (WEF) on Wednesday outlined.
Poland´s Prime Minister said starting in December the government will cut tax on fuels and energy to counter inflation.
On Saturday’s broadcast of the Fox News Channel’s “Cavuto Live,” Transportation Secretary Pete Buttigieg said that top income earners would be paying “closer to” their fair share of taxes if their tax rate is raised to 50%. Host Neil Cavuto
