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Politics
In Scotland, higher earners will be charged a higher tax rate to protect public services
After ministers in Edinburgh tried to cut back on public services while funding a council tax freeze, they decided to tax higher earners in Scotland.
Shona Robertson, Scotland's Finance Secretary, announced that a new, "advanced", 45p…
UK ministers are unable to prove that £259bn spent on procurement was wisely spent
According to a cross-party group, the UK government was unable to prove that taxpayers received value for money on the £259bn it spent in public procurement between 2021-22.
In a damning report published on Wednesday by the House of…
Michael Gove’s reforms on ground rents could lead to a backlash from UK investors
A trade group has cautioned that Michael Gove's proposal to limit ground rentals in England and Wales may expose the government to multi-billion pound compensation claims from institutional investors.
The UK's levelling up minister has…
UK Reaches tentative pay deal to stop senior doctor strikes
The UK has struck a proposed pay deal with unions representing senior doctors, potentially ending six months of strikes that have worsened waiting times in the National Health Service.
While the British Medical Association said Monday…
German Parliament cancels vote on budget 2024 amid political crisis
The German government has suspended indefinitely a vote about the country's 2024 budget as the crisis in fiscal policy, which is the largest economy in the eurozone, worsens.
The three coalition parties representing Olaf Scholz, the…
Jeremy Hunt, UK’s Jeremy Hunt plans pension reform to unlock billions for investment
Chancellor Jeremy Hunt is set to unveil a new package of growth reforms at the autumn statement next week.
Two people familiar with the plan say that the Pension Protection Fund (Pension Protection Fund) will be given new power to…
David Cameron is back as UK Foreign Secretary after Suella Brverman was sacked
Rishi Sunak shocked Westminster on Monday when he restored David Cameron to his political frontline in the role of foreign secretary. This was part of a dramatic cabinet restructuring that also saw controversial home secretary Suella…
Labour’s Rachel Reeves Promises to Stop the ‘Stealth tax’ of UK Workers’…
Rachel Reeves, shadow Chancellor of Labour, said that a Labour government would end the stealthy raids on working household incomes and provide businesses with lasting tax relief for investment. She also pledged to address poor living…
UK companies admit to business with Russia despite sanctions
Since the Russian invasion of Ukraine in 2014, more than 100 UK companies admitted to violating sanctions against Russia.
As of May 17, the Office of Financial Sanctions Implementation, or OFSI, recorded that 127 companies had reported…
Recep Tayyip Erdo submits Sweden’s Nato application to Turkey’s Parliament
Recep Tayyip Erdoan, the president of Turkey, has sent Sweden's Nato application to the Turkish parliament for ratification. This brings the Scandinavian nation one step closer towards joining the western alliance.
The Turkish…
RMT members support further action and could extend the train strikes for another six months
Sir Keir starmer has received the backing of one of the most influential financiers in the world. He said that Starmer had given him hope for politics.
Larry Fink is the Chairman and Chief Executive of BlackRock. The world's biggest fund…
Xi’s $1 Trillion Project of the Century Gets a Reality check
When President Xi Jinping called the Belt and Road project the "project for the century" when he first assembled world leaders in 2017 to map his vision of expanding Chinese softpower via a web infrastructure investment.
The future of the…
Donald Tusk, the former Polish PM, is on course to return to office
Donald Tusk has a good chance of securing power in Poland. The former European Council President won the parliamentary elections in Poland over the Law and Justice party, which is currently ruling.
Former Prime Minister Tusk claimed…
Alibaba accused of possible espionage at European hub
The Belgian intelligence service is monitoring Alibaba's major logistics hub in Europe to detect espionage. This follows suspicions that Beijing may be exploiting the growing economic presence of its western counterpart.
European…
India asks Canada to remove dozens of diplomatic personnel
India has asked Canada to remove dozens of its diplomats, escalating the crisis that began when Justin Trudeau claimed New Delhi was linked to the murder a Canadian Sikh.
According to sources familiar with this demand, New Delhi has told…
Gilt yields have reached their highest level since Liz Truss’ mini-budget crisis
Yesterday, government bond yields surpassed the 5-percent level and reached their highest point ever since the Bank of England intervened in the debt markets to stop the fallout from Liz Truss’ mini-budget as well as a fire sale of…
Poland opposition take to the streets as hard-fought elections loom
On Sunday, the main opposition party in Poland filled central Warsaw with a rally to galvanize voters ahead of fiercely-contested parliamentary election due in two weeks.
Donald Tusk is the leader of the Civic Platform, an opposition…
Robert Fico wins Slovakia elections with anti-Ukraine position
Robert Fico, the anti-Ukraine ex-prime minister of Slovakia, won the highest share of votes at elections in Slovakia. This puts him on course to try and form a government coalition that could undermine Western unity in aiding Kyiv's war…