‘That’s not building up the resilience you need to deal with the future shock that will come along, and someone else will be sitting in my chair.’ But economists have warned that tax rises could be around the corner, possibly in the Budget in 2022. … [Read more...] about Revealed: Britain is borrowing £1billion every DAY to keep the economy afloat with national debt now at £2.13trillion
Economy
Brazilian Economy Faces Threat of Recession Amid Political Tensions
According to the Central Bank of Brazil, overall economic activity declined by 0.28 percent in March. Officials say the Brazilian economy might be heading for a recession for the first time since 2016, when corruption scandals and volatility in international oil prices weighed on the Brazilian GDP. … [Read more...] about Brazilian Economy Faces Threat of Recession Amid Political Tensions
CM: Kerala to be made a knowledge economy
He was inaugurating an international webinar jointly organised by the Gulati Institute of Finance and Taxation (GIFT) and Global Network for Economics of Learning, Innovation, and Competence Building Systems (Globelics) on the theme ‘Kerala Transforming to a Knowledge Economy’ with the participation of representatives from 22 countries. … [Read more...] about CM: Kerala to be made a knowledge economy
Covid-19: ECOWAS budgets $398m to revive ailing economies, electoral reforms
“After the initial disruptions on the conduct of Court sessions by the outbreak of the pandemic in early 2020, which affected sixty cases which had been scheduled for both hearing and judgment, the Court realized that in a post Covid-19 world, it was imperative to migrate to the virtual technology infrastructure in order to continue to discharge its role.” … [Read more...] about Covid-19: ECOWAS budgets $398m to revive ailing economies, electoral reforms
Senate Panel Unanimously Approves Yellen Nomination to Treasury
Republicans failed to put up resistance to Yellen at the committee level, which many on Capitol Hill expect signals that she will easily be confirmed with a bipartisan vote. That is a stark contrast with Mnuchin’s nomination, which was bitterly opposed by Democrats who delayed a vote on the pick for three weeks. Ultimately, Mnuchin was confirmed on a largely party-line vote, with Sen. Joe Manchin (D-West Virginia) being the only Democrat to vote in favor. … [Read more...] about Senate Panel Unanimously Approves Yellen Nomination to Treasury