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Top related persons:
Henry Nicholls - 1 Boris Johnson - 1 Ben Zaranko - 1 Rishi Sunak - 1 Jeremy Hunt - 1 Hunt - 1 William Schomberg - 1 Andy Bruce - 1
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REUTERS - 1 Conservative Party - 1 for Fiscal Studies - 1 Conservatives - 1 Labour Party - 1 Thomson - 1

Search resuls for: "Ben Zaranko"


5 mentions found


☆ UK households shoulder 3,500 pound tax hit - IFS
  + stars: | 2023-09-28 | by ( ) www.reuters.com   time to read: +2 min
Rows of houses lie in front of the City of London skyline in London, Britain, March 19, 2023. "This is not, for the most part, a direct consequence of the pandemic," Ben Zaranko, a senior IFS research economist, said. "Rather, it reflects decisions to increase government spending, in part driven by demographic change, pressures on the health service, and some unwinding of austerity." The current parliament was likely to represent "a decisive and permanent shift to a higher-tax economy," he said. ($1 = 0.8197 pounds)Writing by William Schomberg, editing by Andy BruceOur Standards: The Thomson Reuters Trust Principles.
Persons: Henry Nicholls, Boris Johnson, Ben Zaranko, Rishi Sunak, Jeremy Hunt, Hunt, William Schomberg, Andy Bruce Organizations: REUTERS, Conservative Party, for Fiscal Studies, Conservatives, Labour Party, Thomson Locations: London, Britain
☆ Analysis: UK voters unlikely to share Hunt's budget optimism
  + stars: | 2023-03-15 | by ( William Schomberg Andy Bruce | William Schomberg | Andy Bruce | ) www.reuters.com   time to read: +4 min
The immediate outlook is less sombre: The economy is due to shrink by 0.2% in 2023, not 1.4% as previously thought. It also said Hunt's three-year business investment incentives would bring investment forward at a cost to later years. "We're on track to meet the - relatively loose, poorly designed - fiscal rule on paper only," he said. "It's even more important that the government builds on the measures presented today and produces a more comprehensive plan for boosting growth." ($1 = 0.8282 pounds)($1 = 0.8283 pounds)Writing by William Schomberg, Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.
☆ In a health system in crisis, Britain's heart care suffers
  + stars: | 2023-02-02 | by ( Alistair Smout | ) www.reuters.com   time to read: +11 min
Britain's cardiology departments are a microcosm of the problems that have spread through the system. In November, around 8,000 people like Cogan had been waiting more than a year for heart treatment, up from a couple of dozen pre-pandemic. Reuters GraphicsTeams were still trying to restore cardiac services to pre-pandemic levels, NHS England said. Pandemic disruptions to diagnosis and treatment, in addition to delays in emergency care, had an outsized impact on cardiological care, she said. On one visit to his local Colchester hospital, staff could not find a working ECG machine to read his heart's electrical activity when he felt a twinge.
☆ UK budget: Britain is bringing back austerity. Here's why
  + stars: | 2022-11-16 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +5 min
The country is staring down the barrel of a grueling recession, and investors remain on edge as interest rates rise. That requires Hunt, who has acknowledged that Britain faces “extremely difficult” decisions, to pull off a delicate balancing act. When the government adopted an austerity program in 2010 on the heels of the Great Recession, it shaved 1% off the country’s GDP, according to the UK budget watchdog. Just four years ago, former Prime Minister Theresa May pledged to bring nearly a decade of austerity to a close. “If we hadn’t had Brexit, we probably wouldn’t be talking about an austerity budget this week.
☆ UK economy: Rishi Sunak only has unpleasant choices as prime minister
  + stars: | 2022-10-25 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +7 min
There’s little appetite for government spending cuts after years of austerity in the wake of the 2008 global financial crisis. Plus, failing to help households deal with surging living costs could prove politically devastating and further weigh on the economy. Finance minister Jeremy Hunt got the ball rolling last week when he reversed £32 billion ($37 billion) in tax cuts that formed the bedrock of Truss’ plan to boost growth. Risk of a ‘doom loop’Investors and economists expect that the government will announce a mixture of tax increases and spending cuts shortly. No one wants to repeat the errors of the brief Truss era, when her gamble that unfunded tax cuts would jumpstart growth backfired spectacularly.
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