#economic-policy

#economic-policy

Keir Starmer is tightening his grip on economic policy by beefing up a committee that will help shape the 26 November budget. Pensions minister Torsten Bell and Starmer's new chief economic adviser, Minouche Shafik, will co-chair the budget board, that will meet weekly to discuss the details of the statement. Government sources said the meetings were aimed at ensuring No 10 and No 11 were aligned and that there was not a repeat of the backlash from businesses that followed Rachel Reeves's maiden budget.

Angela Rayner, stamp duty dodge, forced her to quit. That was the starter pistol on Starmer's circus. If the Deputy PM can't keep her own tax affairs straight, what chance has she got running the country!? Rogues gallery And the chaos doesn't begin and end with Rayner's tax fiddle. Andrew Gwynne, booted out for racist and sexist filth in his messages. Rushanara Ali, kicked out after shafting her tenant. Louise Haigh's fraud conviction from years back, exposed.

Bessent criticized the weak jobs data released Friday, extending recent administration claims that the numbers aren't correct and haven't been collected properly. (Trump fired the commissioner of the Bureau of Labor Statistics after the August report, and said without evidence that the BLS rigged the data against him.) "President Trump was elected for change, and we are going to push through with the economic policies that are going to set the economy right," Bessent said. "I believe by the fourth quarter we are going to see a substantial acceleration."

Former Columbia University president Minouche Shafik has been appointed chief economic adviser to British prime minister Keir Starmer, the Associated Press reported. An economist by training, Shafik served as president of the London School of Economics before she was tapped to lead Columbia in 2023. She also previously held leadership positions at the World Bank, the International Monetary Fund and the Bank of England.

Chief secretary to the prime minister Keir Starmer has poached Reeves's effective deputy for the newly created post of chief secretary to the prime minister. A reliable communicator and a willing attack dog, Jones is expected to do lots of media for the PM on the government's message and delivery, and take on the threat from Reform. Regarded as hardline on the economy, Jones was Reeves's firewall in tense negotiations with cabinet ministers over the spending review.

In July, French Prime Minister Francois Bayrou proposed eliminating Easter Monday and Victory in Europe Day (May 8) from France's annual list of 11 public holidays. Outrage ensued, with political leaders from across the spectrum attacking the plan. Bayrou said the move would help France ease budgetary pressures. He is not the only one to come up with such a proposal.

In the preceding decades of Mao Zedong's long reign, his cyclical policies of class struggle ended up leaving a mess in their wake. Mao achieved some modicum of reduced inequality, albeit in bloody fashion, but those years culminating in the disastrous Cultural Revolution did little to foster economic growth. The government leadership of the '80s, led by Deng Xiaoping, inherited an economy with dismal infrastructure, listless workers, and stagnation.

I PAID ZERO FOR INTEL, IT IS WORTH APPROXIMATELY 11 BILLION DOLLARS. All goes to the USA. Why are stupid people unhappy with that? I will make deals like that for our Country all day long. I will also help those companies that make such lucrative deals with the United States States. I love seeing their stock price go up, making the USA RICHER, AND RICHER. More jobs for America!!! Who would not want to make deals like that?

In 2022, at the newly elected Labor government's jobs and skills summit, economist Danielle Wood put women in the workforce front and centre. I can't help but reflect that if untapped women's workforce participation was a massive ore deposit, we would have governments lining up to give tax concessions to get it out of the ground, she said. As the CEO of the Grattan Institute, Wood had long been a powerful advocate for women to create a more productive economy.

Affordability remains the primary hurdle in the housing market, compelling homebuyers to await lower mortgage rates before making purchasing decisions. The continuous high prices inhibit market movement.

First of all the technicals and equities are crazy. [The] amount of cash on the sideline, the amount of buybacks relative to the IPO calendar-i.e. the demand is significant.

"To pull Pakistan out of its doom loop and establish stability, I recommended the medicine that I had successfully prescribed in Estonia (1992), Lithuania (1994), Bulgaria (1997), and Bosnia-Herzegovina (1997)"

While we'll continue to work with the United States on the many mutually beneficial opportunities that we share in trade and investment, it is clear that we cannot count, or fully rely, on what has been our most-valued trading relationship, for our prosperity.

Miran advocates for an extensive overhaul of Fed governance, suggesting shorter board member terms, presidential control, and nationalizing the Fed's regional banks to enhance oversight and support economic growth.

The U.S. economy added only 73,000 jobs in July, with previous job gains for May and June largely erased, leading to an increase in the unemployment rate to 4.2%.

Niesr recommends a moderate but sustained increase in taxes, including reforming the council tax system, to address a 41.2bn shortfall in government finances.

Demographic change and ever-increasing life expectancy make it unavoidable: the lifetime labour period must increase, she told the daily Frankfurter Allgemeine Zeitung late last month.

President Trump agrees that the number doesn't reflect the reality of unemployment, concluding the numbers were 'phony' and 'rigged' to underrepresent labor market robustness.

The proposed redenomination had been delayed since 2019, where one rial will become equivalent to 10,000 existing rials and will be subdivided into 100 gherans.

President Trump asserted that the United States will not go below 15% import taxes and is negotiating for fairer trade with the European Union.

Pressure is growing on Rachel Reeves to find new ways to boost the ailing economy after government borrowing reached the second-highest June figure since 1993 last month.