News

Johnson proposes UK tax hike to support health and social care crisis

Published

4 years ago

September 8, 2021

UK Prime Minister Boris Johnson has unveiled plans to raise taxes to support the National Health Service

UK Prime Minister @BorisJohnson has announced a proposed tax hike in order to pay for @NHSuk insurance – but how much will citizens fork out? | @_Simon_Anderson reports from London. pic.twitter.com/FDA1R0t72Y
— ticker NEWS (@tickerNEWSco) September 8, 2021

Johnson set out plans to raise taxes on workers, employers and some investors in an attempt to fix a health and social care funding crisis.

The proposal though has angered some in his governing party following the PM breaking election promises.

The UK government spend billions to fight the coronavirus pandemic – but now the Prime Minister is returning to an election pledge to address the United Kingdom’s creaking social care system – where costs are projected to double as the population ages over the next two decades.

Boris Johnson also attempted to try and tackle a backlog in Britain’s health system, which has seen millions waiting months for treatments such as operations from the state-run National Health Service.

The delays had been caused after resources were refocused to deal with COVID-19.

“It would be wrong for me to say that we can pay for this recovery without taking the difficult but responsible decisions about how we finance it,”
THE PM SAID IN PARLIAMENT

The UK’s history of health care struggles

Politicians in Britain have attempted to find a resolution to pay for social care for years, though successive Conservative and Labour prime ministers have ducked the issue because they feared it would anger voters and their own parties.

News

RBA holds rates as investors shift from property to stocks

RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

Published

2 hours ago

November 26, 2025

Harvey Vargas

RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.

The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.

We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.

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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV

News

U.S. retail sales slowdown sparks new fears ahead of Fed decision

U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.

Published

2 hours ago

November 26, 2025

Harvey Vargas

U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.

Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.

The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.

Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.

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#RetailSales #USEconomy #FederalReserve #ConsumerSpending #EconomicOutlook #MarketUpdate #InterestRates #TickerNews

News

xAI’s $15 billion raise, deadline pressure and Grokipedia launch

Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.

Published

3 hours ago

November 26, 2025

Harvey Vargas

Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.

Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.

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#xai #elonmusk #ai #startupnews #grok #grokipedia #technews #fundinground