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Politics
US Congress releases $1.2tn in spending to avoid shutdown
On Thursday, Congressional leaders announced a $1.2tn budget package to fund a large part of the federal Government. There are less than two weeks left to avoid a partial government shutdown.
Leaders from both parties celebrated their…
Spac fight could lead to a $3.5bn windfall in Donald Trump’s favor
Donald Trump's legal dispute with his former business partner will soon come to an end. A vote is set to decide whether the former US President can reap a $3.5bn windfall if he takes the company that runs his Truth Social network to the…
Vladimir Putin wins Russian elections with a slam dunk
Vladimir Putin has won the Russian presidential election with a landslide, securing his reign for six more years despite his invasion of Ukraine.
According to the Russian electoral committee, the early results indicated that the Russian…
Mark Carney, the new Labour Secretary of State for Finance and Economic Affairs, will help to unlock…
Labour hired former Bank of England Governor Mark Carney, and Barclays boss to unlock billions of pounds of private investment. was forced to abandon a pledge to spend £28bn on green projects.
Rachel Reeves has appointed Britain's top…
BAE Systems sales soar as global tensions increase
BAE Systems is expected to make a profit of £3 billion this year, as the wars in Ukraine and the Middle East are boosting the company's coffers.
The company, which builds the UK's nuclear submarine fleet, squadrons of fighter planes, and…
What does the UK economy mean in terms of recession?
Last week, official figures revealed that the UK had entered a "technical recession" in the second half last year. The drop in Gross Domestic Product (GDP) was 0.3 percent in the fourth quarter after a 0.1 percent fall in the third.…
Jeremy Hunt’s review aims to eliminate tourist tax
Jeremy Hunt ordered a review of the so-called tourist tax, the clearest indication yet that the Treasury could be on the verge of a major policy reversal which would give Britain's retailing and leisure industries a much needed boost.…
Tata Steel won deal of the century by bluffing Port Talbot’s closure
Tata Steel is accused by MPs of using a bluff to get the government to give it a £500m bailout. This was a "deal for the century", made on taxpayers' money.
Union leaders told a parliamentary hearing about Tata's plans for closing its…
Stormont agreement: Sinn Fein declares that a united Ireland is ‘within touching range’
Sinn Fein said that a united Ireland was "within touching range" as it prepared to take on the role of Northern Ireland First Minister for the first.
Mary Lou McDonald stated on Tuesday that a agreement reached between the Democratic…
Little room for big tax cuts, Hunt tells Tories
Jeremy Hunt warned the cabinet of the possibility that the tax cuts included in the spring budget could be less than expected due to "major structural weakness" in the economy.
On March 6, the chancellor or prime minister will consider…
NatWest prepares public share sale for this summer
Jeremy Hunt has begun preparing for a public sale of NatWest shares worth billions of pounds, which could happen as early as June. This would be reminiscent of Margaret Thatcher's privatisation policy "Tell Sid", ahead of a General…
Ministers are concerned that Vodafone’s shareholder could pose a national security threat
In response to increased scrutiny over foreign investment in British infrastructure, the government has imposed restrictions on Vodafone's relationship with its largest shareholder e&. This is the United Arab Emirates based telecoms…
AstraZeneca to invest £100m in a vaccine plant near Liverpool
AstraZeneca wants up to £100m in government assistance to expand its vaccine production facility located in the northwest of England.
The UK's largest public company, which is also the most valuable in the world, plans to submit an…
BlackRock warns that another bond market crash is imminent as the general election approaches
BlackRock warned that the prospect of pre-election tax reductions and spending promises could lead to a return of "bond vigilantes", and an increase in bond sales.
The asset manager said that the investor appetite for debt in developed…
Tories see income tax revenue soar to £264bn
The income tax revenue has risen by 70 percent since 2010, to £264 billion. This shows the dramatic increase in tax burden that successive Conservative governments have overseen since they came to power.
HM Revenue & Customs figures…
Furious American group abandons new Sphere venue in London
The American entertainment company that had been backing a 21,500 capacity Sphere venue in East London has dropped the project, claiming it became a "political ball" between the London mayor and the London government.
Sphere…
Sunak and Starmer prepare to fight over tax reductions ahead of the election
On Sunday, UK Prime Minister Rishi sunak and Labour Leader Sir Keir starmer squared off for a "fight", as they set the battle lines for the general election to be held this year.
Sunak said that the Conservatives will cut taxes on…
Jeremy Hunt announces the March 6th Spring Budget
The UK chancellor Jeremy Hunt announced that the Spring Budget 2024 will take place on 6 March, leaving the door open for a potential early general election to be held in May.
Hunt will announce tax cuts before the budget. He hopes this…