Natural resources
As France grapples with its worst financial crisis in decades, Finance Minister Roland Lescure has found himself looking to Canada for inspiration. Lescure, a former finance executive who spent years working in Canada, seeks to tackle France's soaring deficits and debt-to-GDP ratio by learning from Canada's
Natural resources
Canadian industries, built on seamless integration into continental supply chains, are fighting for survival as US protectionism takes its toll on exports and business investment. To push back, Ottawa needs to convince companies and investors to bet on Canada, even without guaranteed access to the world's largest market.
Budgets
Rachel Reeves, the Chancellor of the Exchequer, has undergone a significant transformation in her approach to budgeting, moving from feeling forced into making decisions to taking ownership of her choices. This shift reflects her evolving thinking and priorities, with a focus on investing in the NHS, reducing debt, and getting
Budgets
As speculation mounts over the upcoming Budget, a recent survey has found that Brits are more fearful of an income tax raid than a rise in VAT or stricter rules on inheritance. The survey, commissioned by the investment platform Hargreves Lansdown, reveals that higher rate taxpayers are particularly anxious about
Brexit
As the Office for Budget Responsibility (OBR) downgrades its forecast of Britain's productivity growth, Labour leader Keir Starmer is right to be incandescent at the implications. Brexit has hit productivity and the economy harder than previously thought, with independent research suggesting losses of 6-8% in output and 12-18%
Budgets
Finance Minister Enoch Godongwana's upcoming Medium Term Budget Policy Statement on November 12 is expected to set the tone for the remainder of the fiscal year, providing updates on growth forecasts, inflation expectations, and government spending priorities. Economists are closely watching for revisions to economic growth and inflation
Budgets
Pressure is mounting on Labour's chancellor, Rachel Reeves, to break the party's manifesto pledge and raise taxes on the wealthiest earners. Ministerial sources have revealed that changes to the top rate of income tax have been discussed within the government, with some sources suggesting that an
Budgets
Chicago Mayor Brandon Johnson unveiled a proposed $16.6 billion city budget for 2026, which includes a significant increase in funding for Chicago Public Schools (CPS). The proposal aims to stabilize school finances, protect classroom programs, and offset federal funding losses. The additional $173 million for CPS would prevent midyear
City councils
Meschede, the city in Germany, has concluded its 2024 fiscal year with a break-even result, according to its annual financial statements. The city's treasurer, Jurgen Bartholme, reported a surplus of nearly €40,000, which is €3.8 million better than expected. A significant factor contributing to this positive
City councils
The Heidelberg City Council has approved an immediate program to address the city's strained budget situation. The program aims to improve the City of Heidelberg's current business results for 2025 by around EUR30 million. The City Council plans to adopt a supplementary budget for 2026, which
City councils
Following two town hall meetings and a public hearing, the City Council voted to approve Arlington's $750.7 million Fiscal Year 2026 operating budget, which includes spending cuts, new fees, and a three-cent property tax rate increase to close a $20 million budget shortfall. The approved budget also
Mayors
As the Town of Petrolia embarks on its first municipal budget under the Strong Mayor Powers legislation, Mayor R. Brad Loosley has taken steps to ensure a collaborative and transparent process. The delegation of powers to Council and the Chief Administrative Officer (CAO) will provide a framework for decision-making, while
