Labour's £10 Billion Crisis Bill Just the First Fiscal Challenge [Yahoo! Finance Canada]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Yahoo! Finance Canada
First it needs to find the money. Most Read from Bloomberg On some problems, incoming Prime Minister Keir Starmer may try to play for time by pushing out big decisions to next year. But many crises are so acute there'll be no choice but to tackle them immediately. In particular, a series of tricky short-term decisions await on public sector pay, fuel duties, and healthcare and prison funding. ADVERTISEMENT Resolving those would cost as much as £10 billion, official forecasts and think tank calculations show. Fixing the public services long-term will need another £20 billion or more, according to the International Monetary Fund. The question is how new Chancellor of the Exchequer Rachel Reeves can do that when the debt ratio is close to 100%, trend growth is anemic and the tax burden is the highest in decades. Labour won a near-record number of seats in Thursday's election as the Conservatives slumped to their worst ever result. As well as addressing mammoth problems that
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C
Earnings
- 7/12/24 - Beat
C
Sec Filings
- 10/4/24 - Form 424B2
- 10/4/24 - Form 424B2
- 10/4/24 - Form 424B2
- C's page on the SEC website