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government
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…
Rishi Sunak announces UK General Election on July 4.
Rishi Sunak took a big gamble when he announced an election on July 4. His Conservatives will now be involved in a six-week campaign, with their party trailing Labour more than 20 points.
Sunak, standing in the rain-lashed Downing Street…
Analysis of Royal Mail Takeover from a National Security Perspective
The potential takeover of Royal Mail by Czech billionaire Daniel Kretinsky has sparked discussions around national security concerns. Chancellor Jeremy Hunt has stated that if shareholders accept the £3.5 billion offer, the government will…
UK plans to reduce disability benefits to lower welfare costs
UK ministers announced plans on Monday to reform the benefits received by millions of people who have long-term health problems and disabilities. The move is part of an effort to reduce the spiraling welfare bill of the government.
Mel…
IMF urges UK debt to be reduced
The IMF has warned Rishi Sunak to take more aggressive action to reduce the UK public debt. This puts into question the prime minister’s plans to cut national insurance.
The IMF published its Fiscal Monitor on Wednesday, and listed the…
BAE develops a ‘Land Rover of the Sky’ to transport troops
The new generation of heavy-lift drones is expected to revolutionise war
After acquiring a rapidly-growing British manufacturer, BAE Systems has developed a new generation heavy-lift military robots capable of evacuating wounded troops…
The sharp fall in UK government borrowings in December has raised the prospect of budget tax cuts
The UK government borrowed less in December than was expected, which is a boon to chancellor Jeremy Hunt’s plans to reduce taxes in advance of the expected general elections this year.
According to the Office for National Statistics, the…
Ashmore Reports Strong Returns but Fails to Stem Withdrawals
Discover why Ashmore Group's strong returns coexist with client withdrawals and how emerging markets continue to present opportunities for investors.