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Rishi Sunak is planning to decide on further tax cuts and the date of the next UK general election around February, people familiar with his thinking said, as the prime minister’s aides weigh whether to hold a vote in May or later in 2024. Chancellor of the Exchequer Jeremy Hunt’s Autumn Statement this week sparked speculation that Sunak is mulling an earlier election than expected, thanks to a fast-tracked payroll tax cut to take effect in January rather than April — giving voters the chance to feel the benefits before a spring vote. Hunt’s failure in broadcast interviews to rule out holding his spring ... (full story)
The rise in Europe’s populist parties, underlined by this week’s far-right election win in the Netherlands, further exacerbates central banks’ political and public relations ...
Next week in the US, we will be closely following the ISM manufacturing index and the Fed's favoured measure of inflation. All eyes will be on CPI releases in the eurozone, where ...
Two questions will dominate in the November 27 week. First, how is the 2023 winter holiday shopping season shaping up? Second, will the FOMC raise rates again at the December ...
A recession in the euro area is looking increasingly likely as the economic downturn persists in the final quarter of the year, private-sector activity surveys showed. Meantime, ...
A run of 14 consecutive interest rate rises has brought worry and financial pain for mortgage holders - but it has also boosted savers' bank balances. Millions of people in the UK ...
China’s health commission said a combination of pathogens is causing a surge in acute respiratory infections across the country, reiterating previous comments aimed at easing ...