Back

UK: Liz Truss says recession is predicted due to Sunak's increase in taxes – The Independent

The UK Foreign Minister Liz Truss said in an interview with The Independent, Britain is predicted to experience a recession due to Rishi Sunak 's increase in taxes.

Key quotes

"It is cutting back on growth. It is preventing companies from investing and it's taking money out of people's pockets.”

"That is no way to get the economy going during a recession."

"I think the tax cuts I've outlined are not inflationary."

"I think the tax cuts I've outlined are not inflationary."

NZD/USD Price Analysis: Crosses monthly resistance but bulls stay cautious below 0.6230

NZD/USD begins the trading week on a positive note, backed by upbeat New Zealand Q2 Consumer Price Index (CPI) data, as the bulls attack 0.6200 during
Read more Previous

S&P 500 Futures, yields portray cautious optimism on Fed, China chatters

Risk profile improved during early Monday, extending the previous day’s upbeat sentiment, as markets curtail hopes of the Fed’s 100 bps rate hike. The
Read more Next