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Tax Cuts

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UK’s Sunak to unveil tax-cutting manifesto

      By James PHEBY       British Prime Minister Rishi Sunak will promise voters "financial security" and tax cuts when he unveils his Conservative party manifesto on Tuesday, following a disastrous week that even led to rumours he might quit. "We Conservatives have a plan to give you financial security," he will say, according to extracts of his speech released in advance. "We will enable working people […]

todayJune 11, 2024 2

Business / Economics

NZ Budget 2024: tax cuts and borrowing don’t always fuel inflation – but Nicola Willis has to get the balance right

LazingBee/Getty Images     By Dennis Wesselbaum, University of Otago     On the eve of the first budget from the National-ACT-New Zealand First coalition government, there is ongoing debate over whether borrowing while offering tax cuts could trigger a rise in inflation. Finance minister Nicola Willis has confirmed the budget will introduce “meaningful but modest” tax relief. But what impact will these cuts have on New Zealand’s economy? During the […]

todayJune 5, 2024 12

Health / Medical

New Zealand to repeal smoking ban for tax cuts

New Zealand’s new government has announced it will scrap the nation’s world-leading smoking ban to help fund tax cuts. According to the BBC, the change has shocked health experts. The legislation, introduced under the previous Jacinda-Ardern-led government, planned to ban cigarette sales next year to anyone born after 2008.

todayNovember 27, 2023 4