UK borrowing falls as debt interest payments jump to £8.7bn

As economy reopened, government’s budget deficit reached £22.8bn in June, says ONS Coronavirus – latest updates See all our coronavirus coverage Last modified on Wed 21 Jul 2021 03.34 EDT UK government borrowing fell in June as the reopening of the economy from lockdown fuelled a rise in tax receipts despite a record jump in […]

Kuwait Can’t Pay Salaries Beyond October, Minister Tells Parliament

Follow us @middleeast for more news on the region. Kuwait has 2 billion dinars ($6.6 billion) worth of liquidity in its Treasury and not enough cash to cover state salaries beyond October, Finance Minister Barak Al-Sheetan told parliament. The government is withdrawing from its General Reserve Fund at a rate of 1.7 billion dinars a […]

Hardest Law Schools to Get Into

Working as a lawyer is one of the most prestigious and high paying jobs in America. Prospective attorneys must complete law school and pass the bar exam, but to really stand out among their peers, these students will often aim to get into some of the nation’s most revered law schools to pad their resume […]

Making Payroll, Rehiring, and Paying Yourself During the Covid-19 Pandemic

LISTEN TO ARTICLE SHARE THIS ARTICLE If, like my septuagenarian parents, you run or work for one of the one in four small businesses in America that had to close temporarily because of the Covid-19 pandemic, you’re probably scrambling to understand your options to keep paying your employees, among other concerns. The Trump administration’s Paycheck Protection Program (PPP), a […]

Sunak Signals Huge Response to Virus Crisis in U.K. Budget

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter Finance minister Rishi Sunak signaled the U.K.’s fiscal rules could be ditched as he prepares a massive package of measures to tackle the coronavirus crisis. In television interviews on Sunday, Sunak signaled he’s weighing up higher borrowing as he finalizes proposals to […]

G7 Finance Chiefs Pledge To Use Appropriate Tools To Address Coronavirus Impact

Finance chiefs from the world’s largest economies have pledged to use “all appropriate policy tools” to address the economic fallout from the deadly coronavirus outbreak. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell led a conference call with the G7 Finance Ministers and Central Bank Governors on Tuesday to discuss the coronavirus. In […]