Tag: Fiscal Policy
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Reeves Signals Higher Taxes on the Wealthy as Part of November Budget Plan
Overview: Reeves frames November budget as a growth-focused plan Chancellor Rachel Reeves has signaled that higher taxes on the UK’s wealthiest could feature in the upcoming November budget, framing the move as part of a broader strategy to repair public finances without returning to austerity. Speaking in Washington at the International Monetary Fund (IMF) meetings,…
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France Suspends Pension Reform to Avert Government Collapse as 2027 Election Looms
France Moves to Pause Pension Reform as Political Pressure Mounts In a decisive turn aimed at stabilizing a fragile minority government, French Prime Minister Sébastien Lecornu announced on Tuesday that Paris would suspend the controversial pension reform, which seeks to raise the retirement age from 62 to 64. The pause is designed to prevent a…
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Lagman Objects to 2026 Budget Over Unprogrammed Appropriations, Votes No
Albay Representative Rejects 2026 Budget Over Unprogrammed Allocations Lagman, a vocal budget watchdog from Albay’s 1st District, has publicly refused to sign the 2026 General Appropriations Act (GAA) citing persistent unprogrammed appropriations or insertions. In a statement shared with The Manila Times, she argued that such practices undermine fiscal discipline and threaten the integrity of…
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Federal worker layoffs begin as Trump shutdown escalates
Overview: Substantial layoffs amid the ongoing shutdown The Trump administration announced that federal employee reductions are underway as the government remains closed due to Congress’s failure to pass a funding deal. White House budget director Russ Vought stated on X that the government has begun a “reduction in force” (RIFs) for workers, signaling a shift…
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Federal Worker Layoffs Begin During Government Shutdown
Overview: Substantial Layoffs Amid a Shutdown The Trump administration announced that it has begun substantial layoffs of federal workers as the government remains shut down due to Congress’s failure to pass a funding deal. White House budget director Russ Vought confirmed the development on social media, stating that reductions in force (RIFs) have commenced. While…
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Pakistan Nears IMF Staff-Level Agreement as Flood Losses and External Accounts Take Center Stage
Pakistan Eyes Swift IMF Staff-Level Agreement Amid Flood Loss Verifications The countdown is on for Pakistan to finalise a staff-level agreement (SLA) with the International Monetary Fund (IMF), with officials signalling that a consensus could be reached at the upcoming IMF-World Bank annual meetings. The discussions, focused on the external account and verified flood-related losses,…
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IMF staff-level agreement with Pakistan expected soon: Report
Overview: IMF ties close to Pakistan’s external accounts and flood losses Pakistan is nearing the finalisation of a staff-level agreement (SLA) with the International Monetary Fund (IMF), the Dawn newspaper reported. The deal hinges on consensus around the country’s external account and the verification of flood-related losses, as well as how these will be reflected…
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Pakistan Moves Closer to IMF SLA Amid Flood Losses
Pakistan Inches Toward IMF Staff-Level Agreement as Flood Losses Are Tallied Pakistan is edging closer to finalising a staff-level agreement (SLA) with the International Monetary Fund (IMF), with the talks focused on the external account, verified flood-related losses, and the necessary fiscal adjustments across central and provincial accounts. The progress comes as the country prepares…
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Market Outlook After Sanae Takaichi’s Victory: Yen Weakens, Stocks Rise
Overview: Takaichi’s victory and the initial market reaction Japan’s Liberal Democratic Party (LDP) has selected Sanae Takaichi as its new party president, a decision that has traders and investors weighing how a leadership shift might recalibrate policy. In the very short term, market chatter centers on a so-called “Takaichi trade” — a rally fed by…
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Sanae Takaichi Victory Triggers Takaichi Trade Market Rally
Market reaction to Sanae Takaichi’s victory The election of Sanae Takaichi as the next leader of Japan’s ruling party has sparked immediate chatter about a renewed policy push that could shift the country’s financial terrain. In financial markets, a wave of optimism is taking hold: investors are pricing in more aggressive fiscal support and a…