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Yellen says global economy remains resilient, lauds US as growth driver

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Strong U.S. economic growth has been a “key driver” of better than expected global growth, U.S. Treasury Secretary Janet Yellen will tell a news conference on Tuesday ahead of this week’s meeting of G20 finance officials in Sao Paolo, Brazil. In excerpts of her remarks released by Treasury, Yellen said the International Monetary Fund and… Read More »Yellen says global economy remains resilient, lauds US as growth driver

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UK should resist tax cuts without detailing spending pain, IFS says

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British finance minister Jeremy Hunt should not announce further pre-election tax cuts in his budget next week unless he can explain the painful spending cuts needed to pay for them, a leading economic think tank said on Tuesday. Hunt and Prime Minister Rishi Sunak have said they want to lower Britain’s tax burden – which… Read More »UK should resist tax cuts without detailing spending pain, IFS says