Business
November 07, 2024
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Bank of England cuts rates but sees higher inflation after Reeves' budget

Bank of England cuts rates but sees higher inflation after Reeves' budget

The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government’s first budget. The Monetary Policy Committee voted 8-1 to cut interest rates to 4.75% from 5%, a stronger majority than expectations […]

Politics
November 06, 2024
1 views 6 mins 0

Running India on a ₹100 budget: Where would you put the money?

Running India on a ₹100 budget: Where would you put the money?

Participants were asked to choose between paired policy options, revealing clear inclinations. An overwhelming 70% prioritized free healthcare and education for the poor over public infrastructure. Two-thirds favoured tax relief for the middle class over cash transfers. Similarly, over 70% preferred developing villages to building cities, and a similar share leaned towards income-based reservations in […]