Rishi Sunak vows tax-cut; citizens term it desperate ‘U-Turn’
UK: Rishi Sunak, who has always been reluctant to waive off taxes, has now announced a 5% VAT cut-off on energy bills. This is majorly being termed as a ‘u-turn’ by citizens and the supporters of Liz Truss. Sunak has never favoured tax cut-offs since the beginning of the campaign. On the flip side, Liz has been promising the tax waivers from the very beginning of her campaign for the position of Prime Minister of the UK.
Europe faces another gas cut-off from Russia
Europe: Days after the flow of gas resumed in Europe from the Nord Stream 1, the Russian President Vladimir Putin, has announced yet another gas cut-off to Europe . This is being considered as a driving force for Europe towards recession in forthcoming times.
Shop Price inflation hits 4.4 % in UK, highest since 2005
UK: The shop price inflation rate reached 4.4% in July from 3.1% in June. This is the highest rate of inflation since the commencement of the British Retail Consortium index in 2005.
Europe faces a more difficult task than its peers
The National Bank of Kuwait noted that applications for US unemployment benefits rose for the third week, hitting their highest level since last November, as more companies announced layoffs.
Dominica: “Future Housing Programme” to provide affordable homes for youth
The Government of Dominica recently launched its “Future Housing Programme” on July 16,2022 , with an ambition to provide homes that fit in the budgets of youth without taking much toll upon their pockets. The programme looks forward to provision of affordable , budget-friendly houses to young Dominican citizens, mainly 45 years or younger than that.
