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.
Bitten by inflation, workers are demanding a greater share of the surging profits of energy giants. It’s the kind of unrest leaders fear as they struggle to keep a united front against Russia.
Under the governing Conservatives, the markets are down and the pound is under pressure. On Thursday, Keir Starmer, the Labour leader, staked his claim as the guardian of sound fiscal policy.
A persistent pandemic-driven downturn has caused revenue from business and personal-income taxes to fall in New York City, while tourism and job losses have yet to recover.