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Treasury asks ministers to prepare billions of pounds in infrastructure cuts
The government is asking ministers to cut billions of pounds from infrastructure projects in the next 18-months, despite Rachel Reeves promising to invest more for the growth of the economy. Sources in the government said that members of…
French Premier Michel Barnier announces tax increases and spending cuts
Michel Barnier, France's new Prime Minister, warned that the repair of the degraded country's public finances would require years of "collective efforts" and announced "temporary targeted" tax increases on large businesses and the wealthy.…
Starmer signals that the UK budget will include an increase in capital expenditure.
Sir Keir has cleared the path for a large increase in capital expenditure at the Budget next month, after his government received the backing of Paris-based OECD reforms that boost growth-enhancing investment. In New York, Prime Minister…
The new French government is considering tax increases on business and the wealthy
The new French government has begun to study options for taxing the wealthy and companies in order to reduce deficits while maintaining President Emmanuel Macron’s pro-business record.
Antoine Armand is the finance minister of France. He…
Sources say that Reeves may change the fiscal rules in order to allow for more capital expenditure.
According to sources within the government, Rachel Reeves may change how fiscal rules of the government are calculated in order to allow for billions more pounds to be spent on capital projects. The chancellor said Labour Conference that…
No. 10 prepares for possible defeat in winter fuel vote at Labour Conference
The No. 10 team is preparing for a possible defeat at the Labour Conference, where a vote will be held to condemn cuts in winter fuel allowances. Major trade unions are lining up to support a motion that would reverse Rachel Reeves’…
UK music industry pressurises government to resolve post-Brexit touring restrictions
After EU documents indicated that Brussels was not "prepared" to change the regulations, industry insiders have called on the UK government for a solution.
Keir starmer promised in Labour's manifesto to improve trade and investments…
Michel Barnier arrives to fix France’s ‘ungoverned’ state
Michel Barnier, former Brexit negotiator for the EU, now chosen as France's prime minister in order to avoid a crisis of political nature, hasn't always been kind towards his new boss Emmanuel Macron.
The veteran politician, aged 73,…
What Tax Increases Could Feature in the UK Autumn Budget
As Prime Minister Keir Starmer warns of "painful" decisions ahead for the UK's public finances, speculation is mounting about which taxes could be raised in the upcoming Autumn Budget. While Chancellor Rachel Reeves has ruled out increases…
KPMG Secures £223 Million UK Government Contract Amid Plans to Reduce Consultant Spending
In a surprising turn of events, KPMG, one of the Big Four accounting firms, has been awarded a substantial £223 million contract by the UK government to provide training for civil servants. This development comes at a time when the Treasury…
Labour Unions to Push for Pay Restoration Deals in Public Sector
The Trades Union Congress (TUC) is preparing to vote next month on a motion aimed at making "pay restoration" deals a key focus in their campaigns with the Labour government. These deals are intended to provide above-inflation pay increases…
UK Chancellor Plans to Raise Social Rents Boosting Affordable Housebuilding
In an effort to boost the construction of affordable homes, UK Chancellor Rachel Reeves is planning to introduce a 10-year formula in the upcoming October Budget. This formula will allow for annual rent increases in England based on the…
Reeves Faces Tough Choices as July Borrowing Exceeds Expectations
The newly appointed Chancellor, Rachel Reeves, faces challenging decisions as recent official data indicates that government borrowing in July reached £3.1 billion, significantly surpassing expectations. This figure is £1.8 billion higher…
Crown Agents Closes Its Doors After 191 Years of Service
The international development agency Crown Agents has gone into liquidation after 191 years of operation, resulting in the loss of 150 jobs. Established in 1833 to manage financial transactions with British colonies, the not-for-profit…
Thurrock Council Alleges Dubai Businessman Misused GBP 150 Million in Solar Farm Investments
In a shocking turn of events, Thurrock Council, a local authority in south-east England, has accused Liam Kavanagh, a Dubai-based businessman, of misappropriating approximately £150 million from funds the council invested in solar…
Government Scrutinises Czech Billionaire’s £3.57bn Royal Mail Takeover Bid
The UK government's decision to call in and review Daniel Kretinsky's £3.57bn takeover bid for the Royal Mail comes as no surprise. The Cabinet Office, with assistance from the Department for Business and Trade, is set to examine the Czech…
NHS Budget Cuts Leave Newly Qualified Nurses Struggling to Find Jobs
The NHS is facing a troubling situation as newly qualified nurses are finding it increasingly difficult to secure entrance-level positions due to budget cuts forcing the organisation to reduce vacancies by a staggering 25%. This revelation,…
Thinktank: UK faces a £33bn financial hole or a return to austerity.
A think-tank warned that Britain's new government would need to make up a deficit of up to £33bn in the public finances, unless they were willing to push through another round of severe austerity.
The Resolution Foundation stated that…