This week, finance minister Rishi Sunak unveiled another £30 billion ($37.8 billion) coronavirus stimulus package aimed at stemming a growing jobs crisis. The Institute for Fiscal Studies, an economic think tank, predicted that the latest measures would likely push this year's deficit further north of £300 billion ($378 billion), which it said would be "easily" the highest as a share of national income since World War II. … [Read more...] about Could the United Kingdom become an emerging market?
With the recovery expected to take years, economists predict that more action from the Bank of England will be needed down the line. That's sparked discussion about whether the central bank could opt to push interest rates into negative territory, a controversial measure already deployed by the European Central Bank and Bank of Japan. … [Read more...] about Bank of England unleashes more stimulus as UK economy sinks
The justices ruled in a 7-2 decision that the Manhattan district attorney can gain access to eight years of Trump’s financial documents, including his personal and corporate tax returns. But in another 7-2 ruling, the justices tossed questions about subpoenas issued for similar records by three House committees to lower courts. Chief Justice John Roberts wrote both majority opinions and the dissenters in both rulings were Justices Clarence ThomasClarence ThomasOVERNIGHT ENERGY: WH pushed for 'correction' to Weather Service tweet contradicting Trump in 'Sharpiegate' incident, watchdog says | Supreme Court rules that large swath of Oklahoma belongs to Native American tribe Clarence Thomas's wife criticized her town's 'Black Lives Matter' banner: report The Hill's 12:30 Report - Presented by Facebook - Trump wins by losing in the Supreme Court MORE and Samuel AlitoSamuel AlitoOVERNIGHT ENERGY: WH pushed for 'correction' to Weather Service tweet contradicting Trump in 'Sharpiegate' … [Read more...] about The Hill’s Morning Report – Presented by Facebook – Justices rule Manhattan prosecutor, but not Congress, can have Trump tax records