In her first budget, the chancellor faces a minefield of risks: Ahead of the new government’s first budget on October 30, chancellor Rachel Reeves has revealed her determination to change borrowing rules that will allow her to boost investment spending. The overriding goal of the government is to promote economic growth, after more than a …
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Baisse de 40 % du budget du Niger : ce qui va changer dans l’économie du pays: Des éléments de la garde présidentielle menés par le général Abdourahmane Tchiani ont renversé le président du Niger Mohamed Bazoum le 26 juillet 2023. En réaction, quelques jours plus tard, un certain nombre de ses partenaires ont suspendu …
South Africa’s medium-term budget reflects difficult and contested decisions: The medium-term budget policy statement presented by South Africa’s finance minister, Enoch Godongwana, to parliament on 1 November 2023 is intended to provide a preview of government’s public finance plans over the next three years. It does not actually commit government to anything, either in law …
Carbon budget for 1.5°C will run out in six years at current emissions levels – new research: Mykhailo Pavlenko/Shutterstock If humanity wants to have a 50-50 chance of limiting global warming to 1.5°C, we can only emit 250 another gigatonnes (billion metric tonnes) of CO?. This effectively gives the world just six years to get …
Battling to make ends meet? Financial planning expert offers 5 tips on how to build your budget: Every day seems to bring new headlines about rising costs. In Nigeria, unions are threatening to strike amid soaring fuel prices; the country’s inflation rate hit 25% in August. The amount it costs to fill a food basket …
Wilko: what insolvency really means for the budget retailer and why its competitors are surviving (for now): Zeynep Demir Aslim/Shutterstock All 400 of Wilko’s shops are now expected to close over the next month, leaving 12,500 people without jobs across the UK. The budget retailer’s administrator PwC announced the news after it struggled to secure …
Wilko is the latest shop to be edged out by competition but it doesn’t have to mean the end for the budget retailer: A Wilko branch in Kingston, Surrey. Abdul N Quraishi – Abs/Shutterstock By selling pick ‘n’ mix, stationery, garden tools and bird boxes, Wilko has spent the last 90 years transforming from a …
Kenya’s budget doesn’t allocate funds for new education initiatives – this will stall innovation in the country: Kenya has over 18.2 million children and youth in educational institutions. Wolfgang Kaehler/LightRocket via Getty Images President William Ruto’s first budget for Kenya sets no education priorities. The Finance Bill 2023 doesn’t make it clear what Kenya is …
Kenya’s first budget under Ruto – three experts review its key points: Shutterstock President William Ruto’s first budget comes to the national assembly on 15 June against the backdrop of massive public debt and public disquiet over high inflation. The KSh3.663 trillion (US$ 26.35 billion) plan sets out priority areas of an administration that campaigned …
The UK spent a third of its international aid budget on refugees in the UK – what it’s paying for, and why it’s a problem: A third of the UK’s international aid budget was spent supporting refugees in the UK in 2022. A new report by the Independent Commission for Aid Impact (ICAI) details the …
Budget 2023: why the UK’s fiscal watchdog does not share the chancellor’s optimism: Sean Aidan Calderbank/Shutterstock UK chancellor Jeremy Hunt confidently described his first budget of 2023 as a “budget for growth”. He went on to offer a fairly upbeat assessment of both economic performance and future prospects, arguing: “The declinists are wrong and the …
Spring budget 2023: AI announcements hint at data grab behind the scenes: The UK government is keen to "maximise the potential" of AI Shutterstock / TierneyMJ In the area of digital technologies including artificial intelligence (AI), the UK budget can be a barometer of technological development and hype. However, there is a worrying drive towards …
Jeremy Hunt’s budget is more about short-term politics than the economy: Jeremy Hunt’s first budget day as chancellor was in many ways more about politics than economics. Historically, the Conservative party’s electoral success has been based on a reputation for economic competence. October 2022’s infamous Liz Truss/Kwasi Kwarteng “fiscal event” seriously damaged this brand and …
Three ways the ‘back to work’ budget will affect your finances: Calculating how the budget will affect your finances. Atstock Productions/Shutterstock In the 2023 spring budget, UK chancellor Jeremy Hunt unveiled a raft of measures designed to boost economic growth and productivity. To achieve this he has overhauled both pensions and childcare support, which will …
Spring budget 2023: free early years places extended – but needs of children and staff must not be forgotten: DGLimages/Shutterstock The centrepiece of the spring 2023 budget was the provision of funded early years places for children of working parents. This will be expanded to cover children from nine months old until they start school, …
Spring budget 2023: experts react to UK government’s plan to get the economy moving: Jeremy Hunt’s 2023 spring budget covers employment, energy, enterprise and much more besides. The plan has already been dubbed his “back to work budget”, although he has called it a “budget for growth”. Hunt was appointed chancellor in a bid to …
Budget explainer: here are some ways to read between the lines on what’s being reported: Understanding economic news. Rawpixel.com/Shutterstock UK budget announcements inevitably lead to a deluge of reporting on how the chancellor’s latest plans for the economy will affect our wallets, pensions and investments, as well as the bottom lines of businesses, charities and …