UK Spring Statement: how healthy is the economy?
On the third of March next week on Tuesday, the UK will release their spring statement. This is a regular checkup on the economy! Rachel Reeves, a British Politician, will give this statement. The point of doing so is to give a view into the performance of the economy and the trajectory of government finances. It is essentially a progress report. The Office for Budget Responsibility (OBR) will publish additional information such as growth, inflation, borrowing, and tax revenu
Supreme court strikes down Trump's tariffs
In its simplest form, a tariff is a tax on goods coming into the country from outside sources. The idea behind tariffs is that they make foreign products more expensive, so consumers opt to buy American products instead. Trump's administration had put in place these tariffs under "emergency powers" on a very wide range of imports. On Friday, the Supreme Court ruled that the president did not have the right to do so, and therefore declared the tariffs as unconstitutional and i
