The Chancellor of the Exchequer, Jeremy Hunt, has warned Britain will need to “face into the storm” in the next year as it faces high energy prices, inflation, and recession. Unveiling his autumn budget, in which he raised taxes and announced £55 billion of funding cuts, Hunt told the House of Commons: “There may be…

Los Angeles County’s Chief Executive Officer previewed a $36.5 billion recommended budget for the 2022–23 fiscal year, which includes four new departments and $1 billion to address homelessness. County CEO Fesia Davenport will present the budget on April 19 to the county’s Board of Supervisors. This budget “means continuing to respond vigilantly to an evolving…

President Joe Biden’s proposed “billionaire tax” may sound good to many voters, but it is fraught with vagaries that could redefine—and expand—the nation’s tax code, according to first-look analyses across a range of publications and sites, from The Wall Street Journal to the Heritage Foundation. The tax proposal was included within Biden’s $5.8 billion Fiscal…

Indigenous Australians will see a significant boost from the Morrison government’s 2022-23 Budget after Treasurer Josh Frydenberg announced a substantial raft of indigenous portfolio measures to empower Aboriginal and Torres Strait Islander people economically. These measures will include creating more jobs and wealth-building programs and elevating Indigenous voices across Australia. In a media release published shortly…