Britain And France Tighten Fiscal Policy And Protest Against &Nbsp; &Nbsp; Europe'S Economy Is Being Shadowed Again.

The near future,

Osborn, the British Chancellor of the exchequer, announced the details of the government's budget cut of 83 billion pounds last week.

Osborn, who attended the meeting of G20 finance ministers and central bank governors recently, said no G20 member expressed concern about Britain's fiscal spending cuts.

Although cuts in fiscal spending may lead to a lot of unemployment, the market is confident of the recovery of the private sector in the UK.

The French Senate passed the retirement system reform bill ahead of last Friday night with 177 votes in favour and 153 votes against it.

The retirement system reform bill proposed by the French government includes raising the minimum retirement age from 60 to 62, and the age of full pension is raised from 65 to 67 years.

According to the relevant legal procedures, the joint committee composed of 7 members from the upper and lower houses is scheduled to finalize the final version of the retirement system reform bill on the 25 day. After confirmation by the Senate, the joint vote will be issued after the final vote of the national assembly.

Affected by this, France continues to strike for many days, the wave of protests is still not improving.

It is reported that the French trade unions have announced that they will continue to organize nationwide strikes in October 28th and November 6th.

Austria's ruling parties reached agreement on the 23 year's tight budget in the 2011 government budget, and decided to raise taxes on banks, fuel oil and tobacco.

Zapatero, Spain's prime minister, recently announced a big reshuffle of the cabinet. The analysis shows that the unemployment rate remains high and the government's austerity policy has led to a fall in the popularity of the ruling party. Zapatero has been reorganizing the cabinet to win public support.

The austerity policy launched by European countries has aroused market participants' concerns about the European economic prospects.

It is expected that the French economic recovery will gradually slow down in 2011 by the impact of fiscal tightening. By the end of next year, the French unemployment rate will rise from 9.4% this year to 9.7%.

Krugman, a Nobel Laureate in economics, said the British government had adopted a large-scale fiscal tightening policy to make the economy bear unnecessary risks, and the British employment market continued to deteriorate.

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According to the Cuban Communist Party's "Granma daily" reported 22 days ago, the Cuban government set up a new tax system for individuals engaged in business activities as a supporting measure to substantially relax the restrictions on individual business license.

The new tax system stipulates that those who engage in commodity sales or labor services only pay a "sales tax" equal to 10% of their income.

In the past, sales tax was levied at different rates according to different industries, and the tax rate was generally higher, for example, the sales tax of the catering industry was 40% of its revenue.

Among the newly added taxes, the "labor use tax" refers to the individual business people who employ workers, who need to pay 25% of the workers' income tax.

The "social insurance premium" is paid by individual businesses and the tax rate is 25% of their income, which will be used for social benefits such as retirement, medical care and education.

On the 1 day of this month, the occupation of individual business operators has been extended from 29 to 178.