BREAKING NEWS

Britain's business minister calls for corporate, personal tax cuts

By REUTERS

JULY 6, 2016 09:45

LONDON - Britain's business minister Sajid Javid said the government should introduce a raft of corporate and personal tax cuts to soften the blow from an expected slowdown in the wake of Britain's vote to leave the European Union.

Javid told the Financial Times newspaper the government needed to switch its focus from reducing the deficit to stimulating economic growth.

Finance minister George Osborne last week dropped his policy of turning Britain's budget deficit into a surplus by 2020 and Javid said on Wednesday that it was now hard to predict what would happen to the deficit.

Javid said he did not think it could be brought down to zero by 2020.

"Does it mean 3 per cent becomes 4 per cent or 5 per cent? I don't think anyone can say at this point."

Discussions on a ceasefire in Lebanon have made significant progress

By REUTERS

11/25/2024 09:22 PM

High Court approves three more months of haredi daycare subsidy

By JERUSALEM POST STAFF

11/25/2024 09:09 PM

US prosecutor asks judge to dismiss 2020 election subversion case

By REUTERS

11/25/2024 08:55 PM

DM Katz to promote construction of fence on Israel-Jordan border