Newsom Proposes 1.5% Wealth Tax on California Billionaires
Governor Gavin Newsom unveils a bold plan to levy a 1.5% annual tax on fortunes over $1bn to tackle the state's deficit and fund key services. Could this set a new precedent?
Category : Search result: state budget deficit
Newsom Proposes 1.5% Wealth Tax on California's Billionaires
Governor Gavin Newsom unveils a bold plan to impose a 1.5% annual tax on billionaire fortunes over $50m, aiming to tackle the state's budget deficit and fund key services. Read the full proposal.
OBR 'Earned Trust' Despite Leak, Says Ex-Chair Hughes
Ex-OBR chairman Richard Hughes defends the fiscal watchdog's credibility after his resignation over a major budget leak. He cites 'unprecedented' pre-budget speculation in his 25-year career. Read the full story.
Woman loses 9 stone after plane seatbelt wake-up call
Daisie Jenson, 28, lost nearly half her body weight after a holiday humiliation. She reveals how a tailored diet plan transformed her health and confidence.
Woman loses 120lbs with one simple rule
Daisie Jenson, 28, lost over 40% of her body weight by ditching fad diets for a sustainable calorie deficit. Discover her transformative journey from anxiety to confidence.
Ferne McCann's two stone weight loss secret revealed
Former TOWIE star Ferne McCann shares her sustainable weight loss journey, shedding two stone without restrictive diets. Discover her daily habits and nutrition plan.
Pep Guardiola: Man City lacked energy last season
Pep Guardiola reveals a collective drop in energy from himself and his Manchester City players contributed to their trophyless 2024/25 campaign. Discover his candid reflections and plans for renewal.
US Conducts Airstrikes in Nigeria Targeting ISIS Militants
Donald Trump announces US military strikes against Islamic State in Nigeria's northwest. The operation, coordinated with Nigerian authorities, follows weeks of accusations against the group for targeting Christian communities. Read the full report.
Suicide Bomb at Nigeria Mosque Kills 5, Injures 35
A suspected suicide bomber attacked a mosque in Maiduguri, Nigeria, during evening prayers, killing five and injuring over 30. Read the latest on the investigation and regional security concerns.
Alps ski resort offers free skiing to save money
A French ski resort in the Alps makes skiing free this winter due to financial woes, saving costs by not selling lift passes. Discover how this drastic measure works.
Trooper and Suspect Killed in Delaware DMV Shooting
A Delaware state trooper and a suspected shooter are dead following an incident at a Wilmington DMV. Governor confirms no ongoing threat to the public. Read the latest.
Trump recalls 30 ambassadors in diplomatic shake-up
The Trump administration has recalled nearly 30 senior diplomats, a move critics call a purge of the professional foreign service. Read the full analysis of this unprecedented diplomatic reshuffle.
Dad loses 7st in a year after Mounjaro treatment
A busy father of four from West Yorkshire has transformed his life, shedding over 50kg in just over a year. Discover how he changed his diet and mindset.
South Korea's kimchi crisis as Chinese imports surge
South Korea faces a kimchi crisis as cheap Chinese imports flood the market, pricing out local producers and threatening a cultural staple. Discover the trade data and national response.
Scope charity to close 77 UK shops by March 2026
Disability charity Scope is shutting 77 of its 138 UK stores in a major restructure to tackle a £8.9m deficit. The closures, alongside job cuts, aim to save millions as charity retail faces soaring costs and online competition.
PT's Key Christmas Tip For Anyone Tracking Calories
Fitness expert Jess Hugo advises a simple strategy for managing diet goals over Christmas without stress. Learn the one mistake to avoid for a happier festive season.
Local elections delayed to 2027, sparking democratic concerns
The government is postponing May's local elections, with some councils unchanged for seven years. Critics call it a democratic outrage that could hinder Reform UK's momentum. Read the full analysis.
Reform's Kent Council reveals £60m budget deficit
Kent County Council, run by Reform UK, projects a £60 million deficit for 2026-27, with warnings it could worsen. Discover the impact on council tax and public services.
Food Influencer Shares Mounjaro Weight Loss Success
Marc Almond, known as Cooking With Tubz, updates 394k followers on his 2.5 stone weight loss using Mounjaro. He shares his journey, tackles trolls, and explains his calorie deficit strategy.
Illegal immigrant driver freed after fatal crash kills father
A father-of-two was killed in a crash involving a truck driver in the US illegally. Washington state authorities released the suspect, refusing an ICE detainer, sparking a national immigration policy row. Read the full report.
Australia's Mid-Year Budget Shows $12.6bn Deficit
Treasurer Jim Chalmers unveils a mid-year budget update with a $12.6bn deficit. Discover the spending cuts, economic forecasts, and political implications for Australia's future.
Deloitte: Australia Faces 'Decade of Deficits' Without Tax Reform
A new report warns Australia faces budget deficits 'as far as the eye can see' without bold tax reforms, including an inheritance tax. Read the key proposals.
Putin Visits India to Strengthen Strategic Ties
Russian President Vladimir Putin arrives in New Delhi for a state visit aimed at bolstering defence and economic cooperation with India, amid Western pressure over Ukraine. Read the full analysis.
Kate stuns in historic tiara at German state banquet
The Princess of Wales broke with tradition at the Windsor Castle state banquet, dazzling in Queen Victoria's Oriental Circlet Tiara. Discover the stunning details of her fashion and the historic significance of her choice.
Kate's Rare Tiara Debut at Windsor State Banquet
The Princess of Wales made a majestic appearance at Windsor Castle, debuting a historic tiara unseen for nearly 20 years. Discover the intricate details of her regal look and the significance of the event.
Starmer's Delight at Schiffer Seat in Windsor Banquet
Prime Minister Sir Keir Starmer appeared thrilled with his seat next to supermodel Claudia Schiffer at a glittering Windsor Castle state banquet for Germany's president. Discover the night's royal highlights.
King Charles's German State Banquet Menu Unveiled
King Charles hosts German President Frank-Walter Steinmeier at Windsor Castle. Discover the exquisite French menu, royal traditions, and how it compares to Trump's visit. Read the full story.
Macron in China for trade and Ukraine talks with Xi
French President Emmanuel Macron begins a three-day state visit to China, aiming to rebalance trade ties and seek Beijing's influence on Russia regarding the Ukraine war. Follow the latest diplomatic developments.
Chicago Proposes $1.25 Package Fee in Budget Battle
Chicago lawmakers propose a $1.25 delivery fee and doubled rubbish charges to tackle a $1.15bn deficit, clashing with the mayor over migrant spending. Discover the budget battle details.
OBR Chair Resigns as Fiscal Forecasts Spark Political Row
Richard Hughes, chair of the Office for Budget Responsibility, has resigned. The move follows intense scrutiny of the watchdog's economic forecasts and exposes the government's delicate balancing act between political promises and market demands.
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