Saskatoon's city council has proposed an 8.23% property tax increase for the upcoming year, primarily to address budgetary needs, including a significant $12.5 million request from the police department. This increase could impact residents' finances, making it a crucial topic for community discussions as it reflects the city's priorities and financial health.

Labour's deputy leader has emphasized the importance of adhering to the party's manifesto pledge regarding tax policies, especially as the government hints at potential income tax increases in the upcoming Budget. This situation is significant as it raises concerns about financial burdens on citizens and the integrity of political commitments, highlighting the ongoing debate over fiscal responsibility and public trust.

In a recent announcement, the bank declared that inflation has likely peaked, leading them to maintain current interest rates after a closely contested vote. This decision is significant as it comes just ahead of the upcoming budget, suggesting a cautious optimism about the economy's trajectory. Keeping rates steady may provide stability for consumers and businesses alike, allowing for better financial planning in the months ahead.

The Bank of England has indicated that inflation may have peaked, paving the way for a potential interest rate cut in December. By maintaining borrowing costs at 4% for now, the bank is balancing the need for economic stability with the reality of weak growth. This decision is significant as it reflects a cautious optimism about the economy's direction, suggesting that consumers and businesses might soon benefit from lower borrowing costs.

UK banks are set to benefit as the chancellor has opted not to raise taxes on the sector in the upcoming budget. This decision has led to a rise in bank shares, with NatWest and Lloyds seeing significant gains. By keeping taxes stable, the government aims to ensure that banks remain competitive, which is crucial for fostering economic growth. This move is seen as a positive step for the financial sector and could have broader implications for the UK economy.

The ongoing U.S. government shutdown, now in its 35th day, is leading to significant disruptions in air travel, with some air traffic controllers unable to work due to forced overtime. Authorities warn that if the situation persists, domestic flights could be reduced by up to 10% as a necessary measure to manage the crisis. This is concerning for travelers and the airline industry, highlighting the far-reaching impacts of political gridlock.

Rachel Reeves is contemplating a new pay-per-mile tax for electric vehicle (EV) drivers, which could add an average of £250 to their annual costs. This proposed charge of 3p per mile aims to compensate for the declining revenue from traditional petrol and diesel vehicles as more drivers transition to EVs. This move has sparked concerns among EV owners, who may feel unfairly targeted as they already contribute to road taxes. The announcement is expected during the budget reveal on November 26, making it a significant topic for both the automotive industry and consumers.

The government is reportedly discussing the introduction of a new tax on electric vehicles (EVs), which could impact drivers who have invested in greener transportation. This potential levy raises concerns among EV owners about the financial implications of supporting environmentally friendly choices, especially as the market for electric vehicles continues to grow.