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Search resuls for: "Britain’s Treasury"


5 mentions found


☆ Rural uprising over British tax change that critics say will hammer family farms
  + stars: | 2024-11-30 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com   time to read: +5 min
LONDON — The countryside came to the capital as thousands of farmers packed into London streets around Britain’s Parliament to protest changes to tax rules. Some drove tractors, others brought hay bales, many carried signs saying “no farms, no food.” All were protesting against the new Labour government’s decision to tax inherited agricultural property. Despite the gray skies and wet weather, thousands of farmers gathered in central London. “Ministers claim the inheritance tax cap hits only the rich, but it could put 70,000 farms — big and small — at risk. We are not — claiming that 70,000 farms will shut down or have to pay the tax a year.” The website defines a generation as 40 years.
Persons: ” Tom Bradshaw, Keir Starmer’s, Rachel Reeves, Mark Kerrison, Starmer, Victoria Vyvyan, Richard Baker, Jeremy Clarkson, Steve Reed, ” Organizations: Labour, National Farmers Union, NBC, Group, Department for Environment, Food & Rural Affairs, Agricultural, Business Property Relief, Institute for Fiscal Studies, Country Land and Business Association, Britain’s Treasury, Farmers, Getty, JCB Locations: London, Britain’s, U.S, Brazilian, Rio de Janeiro, Union
☆ The Federal Reserve Must Be Independent. Here’s Why. - The New York Times
  + stars: | 2024-08-13 | by ( Paul Krugman | ) www.nytimes.com   time to read: +1 min
On Saturday, Kamala Harris was asked to respond to Donald Trump’s suggestion that the president should have a say in the Federal Reserve’s interest rate decisions. But why should the Fed be independent? The Federal Reserve’s legal status is complicated, but there’s no fundamental constitutional principle saying that elected officials must keep their hands off the money supply. Historically, central banks like the Fed have often been treated like ordinary government agencies, and not only under autocratic regimes. Why take this particular piece of policy out of the hands of elected officials?
Persons: Kamala Harris, Donald Trump’s, “, Trump, Biden Organizations: Fed, Wall Street, Trump, Bank of England, Britain’s Treasury Department Locations: Harris
☆ Former UK Treasury Chief Alistair Darling, Who Steered Nation Through a Credit Crunch, Has Died
  + stars: | 2023-11-30 | by ( Associated Press | Nov. | At A.M. | ) www.usnews.com   time to read: +1 min
LONDON (AP) — Alistair Darling, a central figure in the U.K.’s response to the 2008 financial crisis who later helped organize the campaign against Scottish independence, has died. Darling had been treated for cancer, his family said in statement on Thursday. He served as Britain’s treasury chief under then Prime Minister Gordon Brown, who praised him as a “popular and effective’’ government minister. Though Darling held a variety of posts during his 28 years in the House of Commons, he is likely to be remembered most for his work in steering the nation’s finances during the global credit crunch. The package of measures he implemented were credited with preventing an even more dramatic slide after the crisis threatened the nation’s banking system.
Persons: — Alistair Darling, Darling, Gordon Brown, “ Alistair, ” Brown Organizations: Scottish, Commons, Associated Press
☆ UK Treasury Chief Says He'll Hike the Minimum Wage but Rules Out Tax Cuts While Inflation Stays High
  + stars: | 2023-10-02 | by ( Associated Press | Oct. | At A.M. | ) www.usnews.com   time to read: +4 min
MANCHESTER, England (AP) — Britain’s Treasury chief is to announce a hike in the national minimum wage on Monday, as the governing Conservative Party tries to persuade voters it is on the side of those who are struggling financially. Chancellor of the Exchequer Jeremy Hunt has ruled out tax cuts, saying they would fuel inflation. The exact amount will be set after a recommendation by the Low Pay Commission, an advisory body. The right-of-center Tories, in power since 2010, are lagging far behind the center-left opposition Labour Party in opinion polls. Truss, whose plan for billions in unfunded tax cuts spooked the financial markets, is calling for the party to “revive Conservative values” such as “cutting red tape, lower(ing) taxes and trusting that markets will find the solutions we all want.”
Persons: Jeremy Hunt, Hunt, ” Hunt, “, Rishi Sunak, Sunak, Liz Truss, Boris Johnson, pocketbooks, Suella Braverman, Kemi Badenoch, James, Truss, ” Organizations: —, Treasury, Conservative Party, Conservatives, Low, Commission, U.K, Sky News, Labour Party, European Union Locations: MANCHESTER, England, Ukraine, Britain, Manchester
☆ U.K.'s new finance chief warns of 'difficult decisions ahead' amid political and market turmoil
  + stars: | 2022-10-15 | by ( Leila Sackur | ) www.nbcnews.com   time to read: +5 min
LONDON — The U.K.'s new finance minister warned of “difficult decisions ahead” on Saturday, the morning after he had replaced his predecessor who was only 38 days into the job. Warning of “difficult decisions ahead” Hunt told British broadcaster Sky News: “Some taxes will not be cut as quickly as people would want, some taxes will go up.” (Sky News is owned by Comcast, the parent company of NBC News.) Kwarteng became the second shortest-serving chancellor of the exchequer, as the British finance minister is known. Britain's Prime Minister Liz Truss at a news conference on Friday. Truss is Britain’s third prime minister in six years.
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