best barefoot shoes

Exclusive Content:

Council wants more specific criteria for construction grants program

The San Antonio City Council agreed Wednesday that...

Ask Andy: How do I choose the right cofounder for my startup?

In this biweekly column, Andy Dunn—the founding CEO...

UK finances worst since 1945 – new chancellor — RT World News

best barefoot shoes

Rachel Reeves has blamed the Tories for wrecking the economy during their 14 years in power

The UK’s new Labour government has inherited the worst economy since the Second World War, the newly appointed Chancellor of the Exchequer Rachel Reeves has said. Reeves overtook the country’s finances after Labour won 412 out of the 650 seats in the House of Commons last week, ending the 14-year Tory rule.

“I have repeatedly warned that whoever won the general election would inherit the worst set of circumstances since the Second World War,” Reeves said in a speech at the Treasury on Monday.

“We face the legacy of 14 years of chaos and economic irresponsibility,” she said, accusing her Tory predecessors of acting out of “political self-interest” as part of a “government that put party first, country second.”


New British PM assures Ukraine of ‘unshakable’ support

“New Treasury analysis that I requested over the weekend shows that, had the UK economy grown at the average rate of other OECD [Organisation for Economic Co-operation and Development] economies this last 13 years, our economy would have been over £140 billion [$179 billion] larger,” Reeves said. She added that the Tory policies have effectively cost the UK budget £58 billion ($74 billion) in lost tax revenue in 2023 alone.

“That’s money that could have revitalized our schools, our hospitals, and other public services,” the new chancellor said. “Growth requires difficult choices – choices that previous governments have shied away from.”


World Bank raises estimate for Russian economic growth

Reeves vowed to end “political timidity” in the UK’s “antiquated planning system,” and promised reform, while staying committed not to “no increases in National Insurance, and the basic, higher, or additional rates of Income Tax, or VAT.”

According to the Guardian, the UK’s deficit has reached the highest level since the 1960s under more than a decade of Conservative governments, while the country was badly affected by “shocks including Brexit, the Covid pandemic and the cost of living crisis.”

The International Monetary Fund projected in early July that the UK’s GDP will grow by 0.5% this year.

You can share this story on social media:



Source

Latest

Newsletter

[tds_leads input_placeholder="Email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" msg_composer="" display="column" gap="10" input_padd="eyJhbGwiOiIxM3B4IDEwcHgiLCJsYW5kc2NhcGUiOiIxMnB4IDhweCIsInBvcnRyYWl0IjoiMTBweCA2cHgifQ==" input_border="1" btn_text="I want in" btn_icon_size="eyJhbGwiOiIxOSIsImxhbmRzY2FwZSI6IjE3IiwicG9ydHJhaXQiOiIxNSJ9" btn_icon_space="eyJhbGwiOiI1IiwicG9ydHJhaXQiOiIzIn0=" btn_radius="0" input_radius="0" f_msg_font_family="831" f_msg_font_size="eyJhbGwiOiIxMiIsInBvcnRyYWl0IjoiMTIifQ==" f_msg_font_weight="400" f_msg_font_line_height="1.4" f_input_font_family="831" f_input_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEzIiwicG9ydHJhaXQiOiIxMiJ9" f_input_font_line_height="1.2" f_btn_font_family="831" f_input_font_weight="400" f_btn_font_size="eyJhbGwiOiIxMiIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSJ9" f_btn_font_line_height="1.2" f_btn_font_weight="400" pp_check_color="#000000" pp_check_color_a="var(--center-demo-1)" pp_check_color_a_h="var(--center-demo-2)" f_btn_font_transform="uppercase" tdc_css="eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3Njh9" btn_bg="var(--center-demo-1)" btn_bg_h="var(--center-demo-2)" title_space="eyJwb3J0cmFpdCI6IjEyIiwibGFuZHNjYXBlIjoiMTQiLCJhbGwiOiIxOCJ9" msg_space="eyJsYW5kc2NhcGUiOiIwIDAgMTJweCJ9" btn_padd="eyJsYW5kc2NhcGUiOiIxMiIsInBvcnRyYWl0IjoiMTBweCIsImFsbCI6IjE3cHgifQ==" msg_padd="eyJwb3J0cmFpdCI6IjZweCAxMHB4In0=" msg_err_radius="0" msg_succ_bg="var(--center-demo-1)" msg_succ_radius="0" f_msg_font_spacing="0.5"]
spot_img

Don't miss

payday loans online

Uzbekistan reveals volume of commercial banks’ deposits

TASHKENT, Uzbekistan, July 21. The deposits of Uzbekistan's commercial banks amounted to...

Albany Police investigate Madison Ave shooting

ALBANY, N.Y. (NEWS10)-- Albany Police are looking for a suspect that left two people injured following a shooting on Madison Ave near Ontario...

Obama Calls Biden A True Patriot And A Consequential President

Former President Obama issued a statement calling his former vice president Joe Biden a true patriot after the current president stepped aside and...