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Benzinga

Business

Wayne Duggan

What Historic UK Tax Cuts Mean For The Markets: 'Material Increase In Risks'

United Kingdom Tax Cuts ETF NYSE Robert Wood

The iShares MSCI United Kingdom ETF (NYSE:EWU) plummeted 5.3% on Friday after investors were not impressed by an aggressive series of tax cuts unveiled by the new U.K. government.

What Happened? On Friday, new U.K. Prime Minister Liz Truss announced a bold new stimulus program that includes tax cuts and investment incentives. The U.K. government is planning to cancel a planned corporate tax rate hike, reverse a recent increase in the income tax and cut taxes for certain businesses in designated investment zones.

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Top stories on inkl right now

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

Rep. David Valadao voted to slash Medicaid, giving Democratic challenger Randy Villegas an opening as voters focus on affordability and health care access.

Mississippi Cop Who Shot 1-Year-Old Kohen Wiley Resigns After State Calls Shooting 'Justified'

Mississippi Cop Who Shot 1-Year-Old Kohen Wiley Resigns After State Calls Shooting 'Justified'

The resignation comes after the release of bodycam footage that raised questions about the police's handling of the incident.

Severe flooding in the Four Corners region triggers rooftop rescues and evacuation orders

Severe flooding in the Four Corners region triggers rooftop rescues and evacuation orders

Severe flooding in the Four Corners region has led to water rescues and impassable roads

The Independent UK

DOJ sues to prevent Sullivan loss in Alaska - Roll Call

DOJ sues to prevent Sullivan loss in Alaska - Roll Call

The DOJ has moved in federal court to preemptively block a narrow loss by GOP Sen. Dan S. Sullivan if he comes up short on Election Day.

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Trump again invokes claim he has the ‘right’ to run for third term as president

Trump again invokes claim he has the ‘right’ to run for third term as president

US constitution unequivocally states that he can’t campaign again, which the president also seems to acknowledge

The Guardian - US

Xocova Users Who Still Caught COVID Reported Fewer Severe Symptoms in Small, Exploratory Company-Sponsored Trial Analyses

Xocova Users Who Still Caught COVID Reported Fewer Severe Symptoms in Small, Exploratory Company-Sponsored Trial Analyses

New exploratory Xocova data from IDWeek suggest fewer severe symptoms in breakthrough COVID cases. What households should know about the limits and cost.

Related Stories

Top stories on inkl right now

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

Rep. David Valadao voted to slash Medicaid, giving Democratic challenger Randy Villegas an opening as voters focus on affordability and health care access.

Mississippi Cop Who Shot 1-Year-Old Kohen Wiley Resigns After State Calls Shooting 'Justified'

Mississippi Cop Who Shot 1-Year-Old Kohen Wiley Resigns After State Calls Shooting 'Justified'

The resignation comes after the release of bodycam footage that raised questions about the police's handling of the incident.

Severe flooding in the Four Corners region triggers rooftop rescues and evacuation orders

Severe flooding in the Four Corners region triggers rooftop rescues and evacuation orders

Severe flooding in the Four Corners region has led to water rescues and impassable roads

The Independent UK

DOJ sues to prevent Sullivan loss in Alaska - Roll Call

DOJ sues to prevent Sullivan loss in Alaska - Roll Call

The DOJ has moved in federal court to preemptively block a narrow loss by GOP Sen. Dan S. Sullivan if he comes up short on Election Day.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Trump again invokes claim he has the ‘right’ to run for third term as president

Trump again invokes claim he has the ‘right’ to run for third term as president

US constitution unequivocally states that he can’t campaign again, which the president also seems to acknowledge

The Guardian - US

Xocova Users Who Still Caught COVID Reported Fewer Severe Symptoms in Small, Exploratory Company-Sponsored Trial Analyses

Xocova Users Who Still Caught COVID Reported Fewer Severe Symptoms in Small, Exploratory Company-Sponsored Trial Analyses

New exploratory Xocova data from IDWeek suggest fewer severe symptoms in breakthrough COVID cases. What households should know about the limits and cost.

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Raw vs fresh: Is this brand's 'Michelin Dog Star' food worth the hype?

Billed as the nation’s top-rated dog food, here’s why your pet might be better off eating human-grade ingredients

Evening Standard

McDonald’s confirms return of beloved menu item — here’s what to know

Menu item will be available in certain states starting October 27

The Independent UK

'I Want To Mind My Business': A$AP Rocky Jokes 'It Was Hell' at Home After Teasing Rihanna's Music

A$AP Rocky joked that life at home was "hell" after revealing Rihanna was recording music, but declined to explain what consequences followed his August disclosure.

International Business Times UK

Cardi B Criticises Listeners for Expecting Her To Mention Nicki Minaj as a Female Rap Influence

Cardi B addresses criticism for omitting Nicki Minaj from her list of rap influences, explaining how childhood favourites shaped her musical identity.

International Business Times UK

'We're Disgusted': Ethan Klein Dropped by H3 Podcast After Hila Klein Reveals Cheating Allegations

The H3 Podcast crew says it will no longer work with Ethan Klein after Hila Klein alleged he had an affair lasting more than six months.

International Business Times UK

Pitbull Faces Fierce Backlash After His Cheeky Confession About Jennifer Lopez: “So Nasty And Cringe”

Pitbull has finally explained the viral 2011 photo of himself and Jennifer Lopez, but his cheeky confession has left some people wishing he had kept the story to himself.

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