‘We didn’t know Britain was sitting on a financial tinderbox’: Who’s to blame for the bond market meltdown that torpedoed her premiership? Everyone, says LIZ

‘We didn’t know Britain was sitting on a financial tinderbox’: Who’s to blame for the bond market meltdown that torpedoed her premiership? Everyone, says LIZ

Britain was still reeling from the fallout from Chancellor Kwasi Kwarteng’s tax-cutting mini-Budget, presented to the Commons on Friday, September 23, 2022. Key measures included: a penny off income tax, reversing planned increases in National Insurance and corporation tax, scrapping the cap on bankers’ bonuses, abolishing the 45p rate of tax for high earners, freezing…

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Finance officials blame Ottawa as N.B. MLAs question massive surplus revisions

Finance officials blame Ottawa as N.B. MLAs question massive surplus revisions

New Brunswick finance officials faced questions from MLAs over a string of surpluses significantly higher than first forecast in recent years. The officials who appeared before the legislature’s public accounts committee Wednesday pointed to the federal government as the source of the discrepancy between initial revenue estimates and final figures. Cheryl Hansen, the province’s top…

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