Tag: Government
How will Trump’s Second Presidency Affect the Economy?
Inflation and Tariffs One of the main concerns for voters is how the president will deal with inflation. Trump has promised to ‘defeat’ inflation in the coming years, yet has also made a firm stand on raising tariffs for imported goods. He proposes a 10% tariff on all goods entering the US, with a 60%…
US Mishap Could Have Sent $293M to the Taliban: Here’s Why
According to a letter from the Special Inspector General for Afghanistan Reconstruction (SIGAR), of the $2.8 billion international aid sent by the US to Afghanistan after the withdrawal of US troops in 2021, approximately $293 million remains unaccounted for. The SIGAR implied that much of this may have been pre-empted by the Taliban. This is…
Labour Uncover £22B Nightmare left behind by Conservatives
Newly appointed Chancellor of Exchequer Rachel Reeves disclosed a £22B ‘spending-hole’ left behind by the Conservative government, following their electoral defeat to Labour on July 4th. The overspend was discovered during the first financial audit under Reeves’ governance. A frustrating combination of failures to meet various investment pledges, shortfalls in public service demands, and exorbitant…
Rishi Sunak Releases £17B Manifesto: Up to the job?
Rishi Sunak has released a 76-page manifesto detailing present and future policies that the Conservative government intends to implement. The main cause for both approval and dispute was Sunak’s promise for a £17B overall nationwide tax reduction. Key Details The manifesto pledges that National Insurance will reduce from 8% to 6%. The Torys will also…
Bank of England Holds Interest Rates for Sixth Straight Month
Bank of England Holds Interest Rates The Bank of England has opted to hold interest rates for the sixth consecutive month. Interest Rates continue to remain at 5.25%. Although this may be frustrating, the BOE governor, Andrew Bailey, indicated that they will cut rates within the next two months. In 2024, inflation has decreased from…
Weekly Politics Summary – 6/5/24: Palestine Protesters arrested
Violent Palestine Protesters arrested Between Tuesday and Thursday evening, violent Palestine protesters were arrested at notable US Colleges. Columbia University, the University of Los Angeles (UCLA), and the University of Texas–Austin were the major sites of the arrest. Riot police were called to de-escalate the protests. Protesters at Columbia University had entered Hamilton Hall and occupied it as a protest.…
