Breaking News, World Updates & Headlines
Breaking News, World Updates & Headlines
With next month’s budget a month away, chancellor gives little indication in conference speech of where money will come from to reindustrialise BritainHealey vows to stick to fiscal rules in budgetUK politics live – latest updatesJohn Healey cheered th…
Read MoreExclusive: Economist Ravinder Athwal, who worked in Keir Starmer’s team, is poached from Flint GlobalRavinder Athwal, the economist who wrote Labour’s 2024 manifesto, is taking on a senior role as an adviser to John Healey, in a move likely to fuel spe…
Read MoreRising cost of 10-year gilt to near 19-year high hikes upfront cost of government investment and limits chancellor’s room for manoeuvreBusiness live – latest updatesInternational bodies warn of rising debt and borrowing risksBurnham stands by claim UK …
Read MoreKirsty McNeill reaffirms Labour’s 0.7% of GDP pledge and promises value for money to allay voter concernsThe development minister, Kirsty McNeill, has declared herself “a huge believer in aid”, as she reaffirmed Labour’s manifesto pledge to return to a…
Read MoreWelcome boost for chancellor with unexpected rise put down to rapid growth of AI in services sector outweighing Iran war fallout The UK economy grew in July as the rapid expansion of AI appeared to outweigh the economic damage from the Iran war, in a w…
Read MoreCritics say threshold pushes higher-paid staff to cut back on work and often mothers to stop working to avoid losing entitlementJohn Healey has been urged to fix the £100,000 childcare “cliff edge”, that means some higher-paid employees cut back on wor…
Read MoreFacilities likely to employ 10,400 workers, compared with 40,000 in industry estimates, thinktank saysDatacentres in the UK will create just a quarter of the jobs predicted by the tech sector, while consuming vast amounts of energy, according to new re…
Read MoreHigh yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budgetThe UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challeng…
Read MoreUK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budgetBusiness live – latest updatesThe global government bond sell-off resumed on Wednesday, driving up the UK’s borrowing costs and exacerbating the challe…
Read MoreResolution Foundation argues that UK’s internationally low ‘tax wedge’ must rise to pay for defence ambitionsThe chancellor, John Healey, must be prepared to raise taxes for middle earners if he wants to fund significantly higher defence spending, the …
Read MoreResolution Foundation suggests economy may finally be emerging from shadow of 2008 financial crisisProductivity in the UK – a vital measure of economic health – is growing more strongly than official figures suggest, according to analysis from the Reso…
Read MoreLeaders claim scaremongering from business figures may cause key legislation to become ‘meaningless’Trades unions are warning Andy Burnham that Labour’s policy on cutting zero-hours contracts risks failing to live up to the party’s manifesto.Union lead…
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