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.... The paper’s research does not extend to Britain, although given that the distribution of income and wealth has also been tilted in favour of the rich and the very rich, a similar picture would almost certainly emerge. As the authors note, since 1980, economic policy making has been dominated by the idea that deregulation, less generous welfare and tax cuts will stimulate higher investment, higher productivity, higher growth and higher living standards for all. ... [Read full article on Guardian ]
Sunday 27th of August 2017 11:00:03 AM
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.... Unfortunately this is an almost daily feature of the stock and bond markets, which have given up on governments of any colour doing something significant to boost investment and growth. There was a flurry of excitement when Donald Trump was elected president on a platform of steep tax cuts and infrastructure spending commitments. ... [Read full article on Guardian ]
Sunday 27th of August 2017 05:59:02 AM
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. A new study by the IMF examining the impacts of tax cuts has found that while lowering tax rates for the rich will stimulate the economy, it does so at the great cost of increased inequality. ... [Read full article on Guardian ]
Saturday 9th of September 2017 09:30:19 PM
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.... They are able to borrow money at record-low interest rates at home, while keeping the bulk of their cash sheltered in overseas tax havens, many of them in Europe. Indeed, one of the only things keeping the markets – which have diverged wildly from Main Street fundamentals – up these days is the prospect of Trump tax “reform” (aka corporate tax cuts) that would allow companies to repatriate some of that cash, and use it to do even more “share buybacks” of their own stock, which has the effect of artificially inflating share prices. ... [Read full article on Guardian ]
Thursday 14th of September 2017 01:57:39 PM
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....But as usual the debate in the City excludes the potential that governments have to support the economy with much-needed day-to-day spending and investment. Trump says that is exactly what he has in mind, but his reckless budget proposals look like being a rerun of the George W Bush tax cuts 15 years ago that favoured the rich and wrecked Bill Clinton’s efforts to balance the books. ... [Read full article on Guardian ]
Saturday 2nd of September 2017 04:00:19 PM
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.... Here are five reasons why investors are buying into shares. Donald Trump’s proposals for tax cuts and a spending spree to boost the US economy gave some impetus to stock markets after his election, but his inability to pass key reforms – notably on healthcare – raised doubts about his other plans. ... [Read full article on Guardian ]
Monday 18th of September 2017 11:10:43 AM
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Latest Finance News related to Tax Cut

Treasury criticises Moody's after UK credit rating is downgraded image
Source : Guardian [Read Article] Saturday 23rd of September 2017 01:03:01 PM
....“Fiscal pressures will be exacerbated by the erosion of the UK’s medium-term economic strength that is likely to result from the manner of its departure from the European Union, and by the increasingly apparent challenges to policy-making given the complexity of Brexit negotiations and associated domestic political dynamics,” Moody’s said. The Office for Budget Responsibility said in March that the Treasury would have about £26bn of headroom in the public finances over the next five years, offering the prospect of tax cuts or spending increases in the autumn budget on 22 November. ...
Five reasons why global stock markets are surging | Nick Fletcher image
Source : Guardian [Read Article] Monday 18th of September 2017 11:10:43 AM
.... Here are five reasons why investors are buying into shares. Donald Trump’s proposals for tax cuts and a spending spree to boost the US economy gave some impetus to stock markets after his election, but his inability to pass key reforms – notably on healthcare – raised doubts about his other plans. ...
The financial system is still blinking red. We need reform more than ever | Rana Foroohar image
.... They are able to borrow money at record-low interest rates at home, while keeping the bulk of their cash sheltered in overseas tax havens, many of them in Europe. Indeed, one of the only things keeping the markets – which have diverged wildly from Main Street fundamentals – up these days is the prospect of Trump tax “reform” (aka corporate tax cuts) that would allow companies to repatriate some of that cash, and use it to do even more “share buybacks” of their own stock, which has the effect of artificially inflating share prices. ...
Tax cuts for the rich don't help the rest. Don't take my word for it, ask the IMF | Greg Jericho image
. A new study by the IMF examining the impacts of tax cuts has found that while lowering tax rates for the rich will stimulate the economy, it does so at the great cost of increased inequality. ...
Look under the bonnet and the US economy is in for a rough ride | Phillip Inman image
....But as usual the debate in the City excludes the potential that governments have to support the economy with much-needed day-to-day spending and investment. Trump says that is exactly what he has in mind, but his reckless budget proposals look like being a rerun of the George W Bush tax cuts 15 years ago that favoured the rich and wrecked Bill Clinton’s efforts to balance the books. ...
Should the rich be taxed more? A new paper shows unequivocally yes | Larry Elliott image
.... The paper’s research does not extend to Britain, although given that the distribution of income and wealth has also been tilted in favour of the rich and the very rich, a similar picture would almost certainly emerge. As the authors note, since 1980, economic policy making has been dominated by the idea that deregulation, less generous welfare and tax cuts will stimulate higher investment, higher productivity, higher growth and higher living standards for all. ...
World leaders need to take centre stage and shove central bankers into the wings image
.... Unfortunately this is an almost daily feature of the stock and bond markets, which have given up on governments of any colour doing something significant to boost investment and growth. There was a flurry of excitement when Donald Trump was elected president on a platform of steep tax cuts and infrastructure spending commitments. ...
The fallout from Trump closing down his advisory panels is just beginning | Nils Pratley image
....America’s chief executives finally seem to have got the message about President Trump. There is little benefit in trying to maintain sweet relations with a president whose ability to deliver tax cuts is fading by the day. ...
10 years after the crash, alternatives are emerging | Letters image
Source : Guardian [Read Article] Thursday 10th of August 2017 06:12:03 PM
....David MurrayWallington, Surrey. • Torsten Bell’s assertion that “a period of prolonged fiscal consolidation is a very silly time to be making major tax cuts” is a welcome reminder that it doesn’t have to be like this. ...
We let the 2007 financial crisis go to waste | Torsten Bell image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:00:01 AM
.... There have been big rows about the pace of deficit reduction, but one lesson of the crisis that everyone agrees on is that Britain’s tax base was too narrowly reliant on banking. Yet we seem to have forgotten that cutting taxes is easier than putting them up, meaning that a period of prolonged fiscal consolidation is a very silly time to be making major tax cuts. ...
Why Trumponomics cannot make America great again image
Source : Guardian [Read Article] Friday 4th of August 2017 09:40:46 AM
....That leaves congressional Republicans with little room for manoeuvre. Because the US Senate’s budget-reconciliation rules require all tax cuts to be revenue-neutral after 10 years, Republicans will either have to cut tax rates by far less than they had originally intended, or settle for temporary and limited tax cuts that aren’t paid for. ...
The Bank keeps hinting at a rate rise. Markets will only listen for so long image
.... Growth is tepid, inflationary pressure is weak, wage pressure is nowhere to be seen. So why has the Dow been doing so well? One factor has been Wall Street’s expectation that Trump will deliver on a package of corporate and personal tax cuts heavily weighted in favour of the already well-off. ...
Donald Trump's tax cuts for the rich won't make America great again | Joseph Stiglitz image
.... If corporate tax reform happens at all, it will be a hodge-podge brokered behind closed doors. More likely is a token across-the-board tax cut: the losers will be future generations, out-lobbied by today’s avaricious moguls, the greediest of whom include those who owe their fortunes to scummy activities, like gambling. ...
IMF cuts 2017 growth forecasts for UK and US image
Source : Guardian [Read Article] Monday 24th of July 2017 04:45:27 AM
....“The recovery in global growth that we projected in April is on a firmer footing; there is now no question mark over the world economy’s gain in momentum,” Obstfeld said. He added that Donald Trump’s failure so far to push through his promised package of tax cuts had dampened US growth prospects. ...
The Guardian view on the 1%: all gain, no pain | Editorial image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:59:34 PM
.... When the dust settled, it was clear the elites had failed to anticipate the near-apocalyptic events. They had placed too much faith in market liberalisation, deregulation and tax cutting that benefitted the very wealthy disproportionately. ...
Chancellor needs to find an extra £33bn a year to end austerity, says IFS image
....Carl Emmerson, deputy director of the IFS, said: “An ‘end to austerity’ – as defined by no further net tax rises, benefit cuts or cuts to spending on public services – would require a very sharp change of direction. “It would imply a £17bn boost to planned spending on public services alongside a £5bn net tax cut and an £11bn increase in planned benefit spending – ie a giveaway of £33bn a year. ...
The Taylor review could make things worse for workers. What a surprise | Owen Jones image
.... That is why big business and wealthy individuals lavish the party with their money. They consider it, quite wisely, as an investment, and they will more than recoup what they donate in tax cuts, deregulation, privatisation and the erosion of workers’ rights. ...
Ending austerity means increasing taxes or deficit, warns thinktank image
Source : Guardian [Read Article] Saturday 8th of July 2017 07:00:02 AM
.... If we want a serious discussion on ending austerity, we need to get serious about prioritising what spending we really want to see rise and how we want to pay for it – and that means tax rises for most of us. “The chancellor can start by cancelling unneeded corporation tax cuts. ...
Theresa May defends public sector pay cap under pressure from Labour image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:23:29 PM
....Philip Hammond, who has admitted that he would have liked the economy to play a more central role in the election campaign, has resisted pressure to ease up on austerity, warning his cabinet colleagues that money to fund extra spending pledges would have to come from cuts elsewhere or tax increases. One suggestion is that the Treasury could cancel planned tax cuts, including to the rate of corporation tax, as the Labour manifesto mooted. ...
Philip Hammond under pressure to spend to lure voters back to Tories image
Source : Guardian [Read Article] Saturday 17th of June 2017 03:00:41 PM
....But some economists point out that more spending will not necessarily translate into a much bigger hole in the public finances. Martin Beck, from the consultancy Oxford Economics, believes increasing borrowing to fund more spending or tax cuts would help the economy grow faster, which in turn could speed up deficit reduction. ...
OECD predicts fastest global growth in six years image
Source : BBC [Read Article] Wednesday 7th of June 2017 09:21:03 AM
....6% for 2017 and 2018 respectively. The think tank downgraded its outlook for the US, despite a weaker dollar boosting exports and tax cuts supporting household spending and business investment. ...
Let’s hope a hung parliament can halt the Brexit disaster image
Source : Guardian [Read Article] Sunday 4th of June 2017 05:59:15 AM
....It all boils down to two essential factors: one, referred to in this column a few weeks ago, is the fantasy that we can enjoy Scandinavian levels of public service and welfare on US-style tax rates. (It is, by the way, scandalous that the right wing of the Conservative party and their ghastly tabloids have made “welfare” into a dirty word – while always promising tax cuts. ...
Why help to buy is no help at all to the economy | Jeffrey Frankel image
Source : Guardian [Read Article] Tuesday 30th of May 2017 09:54:25 AM
.... The largest component of this subsidy is the tax deductibility of home mortgage interest, which costs a lot of revenue and is hard to justify on distributive grounds: the benefit goes only to those with incomes high enough to itemise deductions. If President Donald Trump manages to get any economic legislation passed at all in the coming year, it is likely to be a tax cut. ...
White House denies 'egregious' budget accounting error image
Source : BBC [Read Article] Wednesday 24th of May 2017 05:46:23 PM
....He said the spending plan was "simply ludicrous". The budget forecasts about $2tr in extra federal revenue growth over the next 10 years, which it uses to pay for Mr Trump's "biggest tax cut in history". ...
$6.40 an hour for nine years: how I got stuck in a career as a Walmart employee image
.... My premiums rose every year, and soon health insurance was my second highest personal expenditure after rent. Politicians gave lip service to tax cuts and programs for the “middle class,” but never seemed to mention the “working class. ...
Dow Jones falls more than 370 points as Trump controversy rattles markets image
....The slump came after the White House was forced to deny reports on Tuesday that Trump had allegedly made a personal appeal to the now fired FBI director, James Comey, to drop the bureau’s investigation into the former national security adviser Michael Flynn. Despite the denial, the latest political drama weighed on markets, stoking concerns over how the potential fallout may affect the Trump administration’s ability to pass corporate tax cuts and other business-friendly reforms. ...
General election 2017: Lib Dems promise £100-a-week for entrepreneurs' living costs image
....". "While the Conservatives focus on giving tax cuts to giant corporations, our focus is on small businesses seeking to grow. ...
Labour reveals 'fat cat' tax pledge aimed at reining in excessive pay image
.... Those proposals, which were not included in last week’s leaked draft manifesto, will be published in a separate document. Money for a series of giveaways will come from reversing corporation tax and inheritance tax cuts and a proposal to hit City transactions with a “Robin Hood tax”. ...
Australia budget 2017: Treasurer unveils big banks tax image
Source : BBC [Read Article] Tuesday 9th of May 2017 12:13:11 PM
....Infrastructure projects, health and housing affordability were also high on the government's agenda. The main opposition Labor party accused him of using a healthcare levy increase to fund tax cuts for big business. ...
Federal budget 2017: the 10 graphs you need to see | Greg Jericho image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:39:56 AM
.... Yes such people will now be paying an extra 0. 5% points on the Medicare levy, but so will most other taxpayers, and no one else is getting an income tax cut to more than offset the impact. ...
The Guardian view on the Bank of England: independence and accountability | Editorial image
.... Willem Buiter, one of the original interest-rate setters from 1997, says central banks should “stick to their knitting” and confine themselves to setting interest rates and acting as a lender of last resort. At the other end of the spectrum, Adair Turner has argued that in certain circumstances the government should instruct the Bank to print money for public spending or tax cuts. ...
UK needs £15bn in cuts or tax rises to clear deficit by 2022, says IFS image
....“The deficit is now roughly back to the level it was prior to the financial crisis, although is still above its long-run average. On the tax side, the impact on the public finances of substantial tax cuts has been more than outweighed by tax raising measures,” said Carl Emmerson, deputy director of the IFS and author of the report. ...
US economy turns in weakest quarterly performance in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 12:54:36 PM
....Donald Trump repeatedly attacked the weak GDP rates during the campaign as an example of the Obama administration’s failed economic policies. He said his program of tax cuts for individuals and businesses, deregulation and tougher enforcement of trade agreements would double growth to 4% or better. ...
US growth rate hits three-year low image
Source : BBC [Read Article] Friday 28th of April 2017 12:40:39 PM
....". Just two days ago, as they released President Trump's proposals for large tax cuts, his Treasury Secretary, Steven Mnuchin, and his National Economic Director, Gary Cohn, were boasting that an annual GDP growth rate of 3% and above was possible. ...
Nasdaq surge expected to continue after strong Alphabet and Amazon results image
.... But after-the-bell figures from the industry’s giants looked set to take it even higher when trading resumes on Friday. With shares already buoyant on the hopes of huge corporate tax cuts by the Trump administration, the impressive earnings helped Wall Street brush aside any concerns about a possible US government shutdown amid continued congressional wrangling. ...
Poor working families face big losses from benefit cuts, says IFS image
Source : Guardian [Read Article] Thursday 27th of April 2017 04:57:27 PM
.... Pensioner households are mostly protected from future benefit cuts. Tom Waters, a research economist at the IFS, said: “As suggested by the 2015 Conservative manifesto, the government have announced income tax cuts that mostly benefit middle- and higher-income households and working-age benefit cuts that mostly hit lower-income households. ...
Wall Street edges down after Trump tax plan image
Source : BBC [Read Article] Wednesday 26th of April 2017 08:19:48 PM
. US markets slid at the close after the Trump administration outlined its tax cut plan. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
. The Trump administration unveiled what it called the biggest tax cuts “in history” on Wednesday, in a move that will simplify the US tax system, slash taxes for businesses large and small – including Trump’s own – eliminate inheritance taxes and set the president on a collision course with Congress over the likely $2tn-plus cost of the proposal. ...
Reform property laws to reduce inequality | Letters image
Source : Guardian [Read Article] Wednesday 26th of April 2017 05:59:37 PM
.... Hardly any media pointed out the effect this will have on increasing inequality via property, mainly because the vast majority of homeowners are quite happy to go along with it. Jeremy Corbyn says the Labour party would fund a £10-a-week rise to the carer’s allowance by reversing this inheritance tax cut, but how many potential Labour voters who are also homeowners will support this? Where is our sense of social justice?Mary Ann HooperWirksworth, Derbyshire. ...
In the small print image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:35:41 PM
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
....But Mr Mnuchin said the tax plan would pay for itself "through growth, through deductions and closing loopholes". Secretary Mnuchin, joined White House chief economic adviser Gary Cohn on Wednesday to announce the tax proposal, which he billed as "the biggest tax cut" in history, but it is unclear whether that will really prove to be the case. ...
Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
....Meanwhile the MSCI World Index, which measures performance across 23 developed country equity markets, hit a record high for the second day running. Joshua Mahony, a market analyst at IG, said: “US markets are leading the way higher, as the excitement over Donald Trump’s corporate tax cuts takes the mantle from the French elections . ...
UK government borrowing at lowest level since 2008 financial crisis image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:39:40 AM
....“When the super-rich are paying less in taxes than their cleaners, you know something has gone disastrously wrong with our broken, regressive tax system,” said Wanda Wyporska, the executive director of the Equality Trust. “Time after time we see sensible reforms attacked and rejected in favour of tax cuts for billionaires. ...
What does the business world make of Trump 100 days in? The jury is still out image
....”. But even more than tax cuts and deregulation, business likes certainty and here Trump’s first 100 days suggest business is out of luck. ...
Nasdaq hits new high on tax cut hopes image
Source : BBC [Read Article] Thursday 20th of April 2017 11:46:41 PM
. Wall Street bounced back on Thursday, with the Nasdaq hitting a new record high on revived hopes about US tax cuts under Donald Trump. ...
The Guardian view on the IMF: a global institution in an age of protection | Editorial image
....Ms Lagarde has been waiting to discover exactly what Mr Trump plans for her organisation. The lack of action so far signifies very little because the administration has had other things – repeal of Obamacare, a package of tax cuts, Syria and North Korea – on its mind. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
.... If he was genuinely a fiscal-rectitude iron chancellor, he would have pursued that goal. Instead, he gave out a mammoth £40bn in tax cuts to business and the better-off, in needless capital gains cuts and in this month’s new £1m inheritance tax threshold. ...
Reality Check image
Source : BBC [Read Article] Wednesday 19th of April 2017 01:31:06 PM
.... This year it is £11,500. That has clearly risen considerably faster than inflation, so for people paying the basic rate of income tax there has been a tax cut, while a higher proportion of low earners are not paying income tax at all. ...
Tesco to save £105m in business rates after property revaluation image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:12:13 PM
....In Southwold, the coastal town’s property boom forced rateable values up by 152%, with some shop owner’s saying the hike threatened the viability of their business. Meanwhile, it emerged that online retailers such as Amazon, Shop Direct and Asos were enjoying tax cuts after the bills for their distribution centres declined. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
.... The BAT does not have enough support even among Republicans, and it would violate World Trade Organisation rules. The Republicans’ proposed tax cuts would create a $2tn revenue shortfall over the next decade, and they cannot plug that hole with revenue savings from their healthcare reform plan or with the $1. ...
The Guardian view on rising personal debt: more prudence please | Editorial image
.... A growing number of low-income families face a grim mix of stagnant wages, increasing inflation and huge cuts to tax credits and benefits in the coming years, which will force growing numbers of people towards unsustainable debt. The most significant thing the government could do would be to reverse the unnecessary and expensive tax cuts it has planned for businesses and more affluent families, and use the proceeds to cushion the blow of its unfair and unwarranted cuts to benefits and tax credits. ...
Is there a housing bubble or isn't there? | Greg Jericho image
Source : Guardian [Read Article] Wednesday 5th of April 2017 02:00:07 PM
. In the run-up to the May budget each year, the talk is often about tax cuts and welfare cuts, or general hubbub about the budget balance. ...
Donald Trump tells banks he will give laws a 'haircut' image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:50:19 PM
....Mr Trump had promised during his election campaign to relax rules on big banks, and subsequently ordered a review of the industry's regulations. Michelle Fleury, the BBC's New York business correspondent, says Republican policymakers are trying to see how they can pay for tax cuts. ...
Welfare shakeup 'will push a quarter of a million children into poverty' image
.... It is expected to save £1bn a year for the Treasury by 2021. Also coming this week is a freeze to working age benefit levels at a time when, according to the Resolution Foundation, the wealthiest will benefit from over £2bn a year in income tax cuts. ...
Osborne’s huge tax giveaway starts for rich – as the poor are hit image
Source : Guardian [Read Article] Saturday 1st of April 2017 11:05:38 PM
....The richest will reap 80% of the rewards from the tax and benefit changes that start to come into effect this week, while the poorest will become worse off, according to detailed analysis by the Resolution Foundation. The independent thinktank’s research shows that the effect of £2bn of income tax cuts and more than £1bn of welfare cuts will add up to a huge transfer of wealth from low- and middle-income households to richer ones. ...
US fourth-quarter growth rate revised up image
Source : BBC [Read Article] Thursday 30th of March 2017 12:51:24 PM
....6% - the slowest since 2011. The sluggish growth will make it more difficult for President Donald Trump to meet his pledge to lift GDP growth to 4%, through tax cuts and infrastructure spending. ...
Why Scott Morrison needs to ignore armchair treasurers before the budget | Greg Jericho image
....But as do footy coaches, treasurers also have to deal with armchair experts – those who played in years past and who still think the old ways are the best. Morrison has no shortage of advice from those on his side of politics such as former Howard government adviser, Niki Savva, who this week suggested the way to tackle housing affordability was to dump the $40bn worth of company tax cuts and instead cut income taxes. ...
Nervous markets take fright at prospect of Trump failing to deliver | Larry Elliott image
....72. Markets have become increasingly impatient with the new Trump administration for failing to follow through on pledges to use a package of tax cuts and infrastructure spending to raise the US growth rate. ...
Asian shares drop as investors fear Trump won't deliver on promises image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:23:59 AM
....7% fall in the FTSE100 when it opens. Investors view the Trump administration’s struggles to push through its healthcare overhaul through congress as a bad omen for promised tax cuts. ...
Wall Street suffers worst day this year image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:28:57 PM
. Wall Street suffered its worst day this year as investors fretted about whether President Donald Trump will be able to deliver promised tax cuts. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
.... Whether their doubts are vindicated will matter for both the US and the world economy. Donald Trump’s election as US president has triggered a surge in positive economic sentiment, because he pledged that his administration would aggressively pursue the policy trifecta of deregulation, tax cuts and reform, and infrastructure construction. ...
Happiness report: Norway is the happiest place on Earth image
Source : BBC [Read Article] Monday 20th of March 2017 08:43:03 AM
....Jeffrey Sachs, the director of the Sustainable Development Solutions Network, which published the report, said President Donald Trump's policies were likely to make things worse. "They are all aimed at increasing inequality - tax cuts at the top, throwing people off the healthcare rolls, cutting Meals on Wheels in order to raise military spending. ...
The Ronald, the Donald – and a hamstrung Hammond image
Source : Guardian [Read Article] Sunday 19th of March 2017 06:59:01 AM
....For the first few months after his election, Donald Trump was cast by many in the financial markets as the reincarnation of Ronald Reagan. His plans for deep and widespread tax cuts and a bonfire of regulations would, they said, spark a business renaissance akin to that credited to the stetson-wearing president who dominated the 1980s. ...
Netflix and Tesla overrated? Yes, in this mad, mad world image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:01:32 AM
.... Others still deliver, just not quite what the market expects, and the shares then lose their buzz. Wall Street has been buzzing because speculators reckon a combination of Trump tax cuts, plus big spending on infrastructure, will pump up the economy. ...
US interest rate rise signals end of ultra-low borrowing costs image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:31:25 PM
....The growing differential between US rates and those in Japan, the eurozone and the UK will lead to further support for the dollar unless the American economy shows signs of weakness. With Donald Trump planning tax cuts and spending increases, Wall Street currently sees that as unlikely. ...
US raises benchmark interest rate by 0.25% image
Source : BBC [Read Article] Wednesday 15th of March 2017 06:29:37 PM
.... those would be very welcome changes that we would like to see," she said. Some economists think the next rate hike will be no earlier than June, given that the Fed probably wants time to assess the likelihood that Congress will pass Trump's ambitious program of tax cuts, deregulation and increased spending on infrastructure. ...
US Federal Reserve raises interest rates to 1% in bid to hold off inflation image
....“There isn’t much bleed over into mortgage rates; it’s mostly the short-term borrowers,” he said. Fed policymakers are known to be concerned that the tax cuts and extra government spending Trump has demanded could overheat the economy and lead to a deep recession. ...
Good riddance to the unfair NIC tax rise. Now what about that £2bn black hole? | John McDonnell image
.... Nor did it arrive with an improvement in the benefits and conditions offered to those in self-employment, which remain substantially worse than those in employment. And in the context of the government’s £70bn of tax cuts to corporations and the super-rich, hammering the self-employed was plainly unfair. ...
Q&A: What will happen if the Federal Reserve raises US interest rates? image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:08:31 PM
....Setting aside concerns about Brexit and a string of potentially destabilising elections on the continent, Fed policymakers have judged that the strength of the economy is enough to override a series of rate rises, possibly taking the base rate to almost 2% by the end of next year. Consumers have embraced the Trump rhetoric of tax cuts and deregulation to continue spending, undeterred by the prospect of higher mortgage costs. ...
Trump is set to win the battle on interest rates, but US economy will pay the price image
....Treasury secretary Steve Mnuchin, like Trump, believes the administration is about to unleash an economic revolution that will spark rocketing growth without the inflationary pressures that spur interest rate rises. Mnuchin’s plans for tax cuts and infrastructure spending, far from increasing inflation alongside growth and forcing the Fed to raise rates further, are supposed to raise productivity, allowing supply to stay in synch with rising demand. ...
US jobs report means Fed rate hike is a bolt-on certainty image
Source : Guardian [Read Article] Friday 10th of March 2017 03:03:04 PM
.... The only weak spot was retailing. The new president has plans for a big package of tax cuts and spending increases but fiscal easing will mean more aggressive tightening from the Fed, which is already starting to fret about the risks of the economy overheating. ...

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