Furthermore, the institute said excluding the pandemic-induced outturn of 14.1% of GDP in 2020, total revenue and grants have ranged narrowly between 15.0% and 15.8% of GDP since 2017, despite the various revenue measures outlined in previous budgets.
On September 28 1976, Denis Healey, the then chancellor, was en route to Heathrow. In the morning, he was due to fly to Hong Kong for a meeting of finance ministers. This would be followed by a flight to Manila, and a meeting of the International Monetary Fund (IMF). When he arrived at the airport, literal and metaphorical clouds were settling.
The UK Chancellor has disagreed with claims that the UK economy has a ‘broken leg’ but instead says is has a ‘sprained ankle’ as he blames Brexit for sparking half a decade of instability leading to ‘incredibly challenging times’,
We don’t have to tell you that Canada is still mired in a housing affordability crisis. But will newly announced government measures make a dent? The House hears from someone trying to make affordable housing work in Ontario, and Toronto Mayor Olivia Chow weighs in on what she wants to see from the feds.
The fiscal update this week also gave us a look at the state of Canada’s books, and the ballooning deficit. Two people who know the issue inside and out talk about what the new number means.
The House also travels to the U.S. border to find out how the CBSA is fighting back against the importation of fentanyl and its precursor chemicals with the help of some canine companions.
This episode features interviews with:
- Bruce Davis, development consultant
- Olivia Chow, mayor of Toronto
- Lenny Zhou, Vancouver city councillor
- Robert Asselin, economist, Business Council of Canada
- Kevin Page, economist, Institute of Fiscal Studies and Democracy
- Mark Patterson, CBSA dog hand