Spending

IMF warns Britain against more pre-election tax cuts

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IMF warns Britain against more pre-election tax cuts

The International Monetary Fund warned Britain’s government on Tuesday that it was on course to miss its debt target and should not cut taxes before an election later this year, with tax rises likely to be needed in future. The IMF increased its projection for British economic growth in 2024 to 0.7% from an April … Read more

Ottawa’s ‘Shark Tank’: fast-track program helped rapid test contractors land billions

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Ottawa’s ‘Shark Tank’: fast-track program helped rapid test contractors land billions

The Canadian government awarded two of the largest medical supply contracts of the pandemic to importers participating in an invitation-only federal program rather than to Canadian manufacturers offering lower prices, according to a Global News investigation. The Toronto-area suppliers, BTNX and Switch Health, received contracts adding up to an estimated $2 billion for BTNX and $365 … Read more