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Related Special Reports
...Many economists expect the UK’s tax burden to rise to a record high, despite the tax cuts that will probably be announced on Wednesday....
...I think it’s fair to say that a government that can’t even grit out public anger towards making HMRC even more hard to reach is not going to make the very deep spending cuts envisaged in Hunt’s Budget, and...
...They “didn’t want to be number two”, said one of the people....
...Their two big ideas — burden-sharing and bilateralisation — are perfectly sensible....
...The chancellor told The Sunday Telegraph: “We don’t have as much of a positive outlook as we had at the end of the Autumn Statement.”...
...There are certain things we shouldn’t know about our kids, and shouldn’t want to....
...Strengthening the single market doesn’t necessarily make for good headlines when compared to big spending plans....
...Calls for a “classless society” were made 30 years ago by then Conservative leader, John Major, the last UK prime minister who didn’t go to university....
...“Pemex will require ongoing government support for the foreseeable future,” said Andrew De Luca, emerging markets credit analyst at Pemex bondholder T Rowe Price....
...comprehensive approach: the equivalent of the Heavily Indebted Poor Countries (HIPC) initiative, which the World Bank and IMF launched in 1996 to ensure that no poor country faced an unmanageable debt burden...
...In Jamaica’s case, the economists claim that a “hard-won tradition of consensus building” was key to “a sense of fair burden sharing”....
...“I know that Treasury ministers tried to rein them in but there are thousands of them dreaming up new ways to burden firms....
...Rather than learn the lessons from this, many European countries with high direct government debt burdens have instead increased their issuance of guaranteed bonds that don’t show up in debt-to-GDP ratios...
...“Sharing the burden equally is an existential necessity for Israel,” he said. “We won’t allow them to discriminate like this between different groups of people.”...
...“While Saudi understands that the Israel-US dynamic is different, Saudi believes that it doesn’t burden the US as much as Israel burdens the US, yet receives treatment that is (almost) unconditional,” Alghashian...
...Even if a revised New York law quickly imposes significant haircuts on bondholders, what good would it do in reducing the debt burden if official creditors don’t agree to give similar relief?...
...Just don’t let them bring their voting habits with them.”...
...“They don’t move, they don’t go to sleep, they don’t hide like they would at the zoo,” he explains....
...Shorn of that burden, the other businesses should be revalued by the market. Get the numbers here....
...The UK has a high tax burden by its own standards, and that is after 14 years of a right-of-centre government....
...But critics, including Germany’s powerful business lobby, say the proposed legislation places a huge burden on businesses and in many instances is unworkable....
...It also puts an expanding share of the tax burden on workers, since they for sure can’t very well pretend to be somewhere else for tax purposes....
...It isn’t obvious where the government could breezily slash public spending without severe consequences. The other option would be tax rises to fund the pledge....
...Some disabled rights campaigners say the proposed changes perpetuate stereotypes that people needing care are a burden....
...“The private markets aren’t going to disappear overnight.”...
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