After a blowback over her budget-busting tax cuts, Britain’s prime minister has junked her free-market plans and adopted several measures favored by Labour.
Tag: Budgets and Budgeting
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Retailers’ Holiday Wish: That Cash-Strapped Shoppers Will Spend
Retailers have navigated pandemic closures and supply chain snarls in recent years. But dealing with the fallout from inflation could be an even tougher test.
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Strikes Spread in France, Piling Pressure on Macron
Students and transit workers joined a walkout started at oil refineries. It’s a growing problem for President Emmanuel Macron, whose government was already embattled in Parliament.
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Under Fire, Liz Truss Retreats on Economic Strategy
Fighting for her political survival, Prime Minister Liz Truss fired her top ally and reversed course on tax-cutting plans, trying to shore up financial markets and her poll ratings.
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U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster
Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.