Hong Kong must prioritise cutting expenses and even consider raising taxes after authorities more than doubled their fiscal deficit estimate, observers have said, with some warning a reliance on land sales has become a structural problem. Experts weighed in after finance chief Paul Chan Mo-po revealed his earlier projection of a HK$48 billion deficit for…
Hong Kong must prioritise cutting expenses and even consider raising taxes after authorities more than doubled their fiscal deficit estimate, observers have said, with some warning a reliance on land sales has become a structural problem. Experts weighed in after finance chief Paul Chan Mo-po revealed his earlier projection of a HK$48 billion deficit for…
Hong Kong’s deficit will more than double to HK$100 billion (US$12.8 billion) in the 2024-25 financial year from the HK$48 billion forecast the previous year, the finance chief has said, with the city feeling the pinch from a property slump and weakened corporate performance. At a meeting of the Legislative Council’s financial affairs panel on…
Average house prices in the UK rose to £265,738 in October, a 2.4% increase from the previous year, a slowdown compared to the month before as the property market is set to be hit by the stamp duty changes introduced in the budget. The figures from lender Nationwide showed that price growth has slowed, with…