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Tight public finances after the next election could leave any potential Labour government forced to make significant decisions on taxation and borrowing to pursue its manifesto plans, after Wednesday's Budget saw chancellor Jeremy Hunt eat into the party's plans to raise revenue.
WASHINGTON ― Joe Biden would like to remind you that he favors higher taxes on corporations and the wealthy ― and on their fancy jets, too.
Chancellor Jeremy Hunt's decision to leave a narrow fiscal "buffer room" in Wednesday's budget has been described as a "high risk" strategy by economists who say that deep public spending cuts could be penciled in on the horizon to pay for it.
Jeremy Hunt presented his much anticipated Spring Budget to the House of Commons on Wednesday, with its flagship policy of cutting a further two pence from National Insurance an apparent demonstration of his ability to cut taxes.
Campaigners have said the cost of living support measures announced in Jeremy Hunt's Spring Budget fall short of what is needed to help households struggling with the cost of living.
A number of Conservative MPs have expressed concern that any cuts to personal taxation in Jeremy Hunt's Spring Budget are likely to be raising taxes on business and foreign nationals.
WHILE STAYING away from populist announcements, the interim budget presented by Finance Minister Nirmala Sitharaman Thursday aligned with what are set to be the themes of Prime Minister Narendra Modi’s campaign as he seeks re-election for a third time months from now.
Opposition strength, already at a historic low in the Gujarat Assembly, is further enervated as the month-long Budget Session begins February 1. With the resignation of Dharmendrasinh Vaghela, who had won the Waghodia seat in Vadodara as a rebel BJP candidate as an Independent, as an MLA, the strength of the members in the Gujarat Assembly is down to 178 out of 182, with 156 of the BJP.