Elon Musk has made a bold claim that he could cut trillions in wasteful government spending, specifically targeting the $6.5 trillion budget proposed by the Harris-Biden administration. Speaking at a rally for Republican nominee Donald Trump, Musk suggested he could trim at least $2 trillion per
The black cab trade in London is at a critical juncture, with the number of licensed taxis plummeting by 37% over the past decade. This equates to a loss of around 1,000 drivers annually, a situation that industry leaders believe could spell the end for this iconic mode of transport if urgent
In the run-up to the Budget presentation, Rachel Reeves' performance and policies as Chancellor have come under intense scrutiny. Critics argue that her economic plans, specifically her intention to increase employers’ national insurance, could stymie economic growth rather than foster it. This
Councils in the north are grappling with increasing financial challenges, as laid out in a comprehensive report by local government auditor Colette Kane. The report underlines a record deficit of £128 million, a glaring gap between income generated by councils and their mounting expenditures. This
Last year, Iran experienced notable economic growth sitting at a robust 5%, driven by increased oil exports and governmental spending initiatives. However, according to a forecast from the International Monetary Fund (IMF), this promising trend may be short-lived. The IMF is projecting a
The UK retail sector is bracing for a potentially turbulent end to the year as the government contemplates tax hikes that could drastically impact consumer spending during the crucial Golden Quarter. A recent survey conducted by RSM UK paints a grim picture: 42% of consumers and 45% of families are
