Bulgaria's government faced a tough situation recently. They had to pull back their 2026 budget plan. This was the first budget made in euros, even though Bulgaria hasn't officially switched to the euro yet. The reason? People were not happy. They took to the streets to protest. The protests were b
The UK's finance chief, Rachel Reeves, is in hot water. Just days after unveiling the national budget, a big fuss has started. The issue? The so-called "black hole" in public finances, used to justify tax hikes, seems to be a lot smaller than claimed. Official numbers from the Office for Budget Res
Russia's economy is in a bit of a tight spot. After a few years of growth fueled by war spending, things are slowing down. Oil prices are dropping, and the government is spending more than it earns. So, where is the Kremlin looking to make up the difference? Right into the wallets of ordinary people
The UK economy is showing small signs of improvement. Businesses are feeling a bit more confident. They are spending and hiring again after a shaky September. This is good news for the finance minister, who is preparing for a big budget announcement next month. Consumers are also spending more. The
UK government borrowing costs hit their highest level since the Labour party took charge. This happened after Finance Minister Rachel Reeves announced big tax increases in her first budget. Right after the news broke at 12:30 p. m. , the yield on 10-year UK government bonds jumped by as much as 7 ba
On September 23, UK Finance Minister Rachel Reeves spoke at the Labour Party Conference in Liverpool, hinting at the upcoming budget. This is Labour's first budget in 15 years, and it's causing a stir. Will there be tax hikes or spending cuts? Reeves hinted at a change in debt rules to free up funds
The presidential election is heating up, and with it, the debate over the best economic strategy for America's businesses. Kamala Harris and Donald Trump have both released their plans, promising to slash taxes and boost the economy. But what do these plans really mean for small and big businesses?
