UK chancellor Rachel Reeves has set herself a fiscal “trap” ahead of this month’s spring forecast statement, the Institute for Fiscal Studies (IFS) has warned. IFS research economists explained that Reeves has committed to holding one major fiscal event per year, which refers to the autumn budget. Meanwhile, the spring forecast statement — set to…
Hongkong Post has said it will continue to stop accepting items containing goods for the United States despite the country making a U-turn saying mail service will resume after suspending incoming parcels from the city and mainland China for half a day. In a statement released on Thursday night, Hongkong Post said it would not…
Hongkong Post has said it will continue to stop accepting items containing goods for the United States despite the country making a U-turn saying mail service will resume after suspending incoming parcels from the city and mainland China for half a day. In a statement released on Thursday night, Hongkong Post said it would not…
China’s mortgage rate cut for existing properties will hardly make any impact for Ivy Cai, as the Shanghai-based homeowner is facing the burden of a 15,000 yuan (US$2,131) monthly repayment. She is expected to save a few hundred yuan per month once the rate cut, announced on Tuesday as part of a bumper round of…