UK Chancellor of the Exchequer Jeremy Hunt unveiled tax cuts on Wednesday to boost a sluggish economy as growth forecasts for next two years were sharply cut.
In the autumn statement, the chancellor announced that national insurance employees pay on their earnings will be cut from 12 percent to 10 percent from January and this is set to help 27 million working people.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.