Target pensions or welfare, not banks, IMF tells John Healey
The IMF has advised the UK to pursue pension and welfare cuts rather than impose additional taxes on banks, citing the nation’s already high tax-to-GDP ratio of roughly 40 percent.
How the oil capital of the US welcomed a solar power boom
Texas, the nation’s largest oil producer, has become its top solar electricity generator as farmers lease land to solar companies, transforming rural economies while sparking environmental concerns.
2 Americans win Nobel Prize in economics for work on boom-bust cycles
Two American economists won the 2026 Nobel Prize in Economics for research on boom-and-bust cycles and how policymakers can limit inflation and unemployment through better communication of their plans.
Banks expect to be hit with higher taxes in Budget
UK Chancellor John Healey is considering increasing taxes on banks ahead of the Budget in two weeks, according to banking executives. The sector’s leaders warn higher taxes could reduce competitiveness and investment.
Repairing Brexit economic damage should be Burnham’s top priority, business chief says
The head of the British Chambers of Commerce says repairing Brexit’s economic damage should be Prime Minister Andy Burnham’s priority as Labour reconsiders its EU membership stance.
Fuel costs squeezing margins for some Jersey businesses
Rising global fuel prices are straining Jersey businesses, prompting the government to propose freezing fuel duty in 2027, though some sectors worry it won’t sufficiently offset mounting costs.