Post Tagged with: "Budget"

Hong Kong: Another pro-rich budget

Hong Kong: Another pro-rich budget

The Hong Kong government is hoarding cash for an eventual bailout of bankers and speculators as financial storms gather in mainland China Dikang, Socialist Action (CWI in Hong Kong) There was a strong sense of déjà vu about the budget presented by Financial Secretary John Tsang Chun-wah on 25 February. Two years […]

Hong Kong: Another ‘Scrooge’ budget

Hong Kong: Another ‘Scrooge’ budget

Calls for increased welfare spending and affordable housing are deafening, but this government only listens to the rich Dikang, Socialist Action John Tsang’s sixth budget presented at the end of February resembles all the others – stingy beyond belief. Apart from some familiar ‘sweeteners’ – electricity and rent rebates – […]