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Economy

Britain’s Treasury chief vows to run the economy with ‘iron discipline’ amid demands for pay raises

LONDON (AP) — Britain’s new Treasury chief said Sunday she will run the economy with “iron discipline,” but suggested she’ll give public sector workers an above-inflation pay raise to help end a wave of strikes and strife.The Labour Party government is under pressure from supporters and trade unions to spend more on salaries and welfare benefits, two weeks after it was elected on promises not to hike personal taxes or increase public borrowing,“I think people know that things are a mess,” Treasury chief Rachel Reeves told the BBC, arguing the...
Economy

Trump goes into RNC 2024 with bold promises on economy

WASHINGTON (AP) — The first night of the Republican National Convention kept its official focus on the economy Monday even after Saturday’s shooting at a rally in Pennsylvania in which former President Donald Trump was injured.Speakers argued that Trump would fix inflation and bring back prosperity simply by returning to the White House as president. Virginia Gov. Glenn Youngkin lamented, “Tonight, America, the land of opportunity, just doesn’t feel like that anymore.”But Trump has released few hard numbers and no real policy language or legislative blueprints, and most of the...
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