Chancellor of the exchequer Rishi Sunak is under fire for being “missing in action” in California while British businesses battle against the Omicron variant’s devastating impact on Christmas spending and the UK’s economy. The Bank of England shocked markets with an unexpected hike in interest rates today (December 16) to 0.25%, increasing the cost of […]
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The London FTSE 100 index has fallen further following concerns raised about the effectiveness of Covid vaccines against the new Omicron variant. The CEO of pharmaceutical giant Moderna has predicted a “material drop” in the efficacy of current vaccines and warned that “all the scientists I’ve talked to [about the new variant] … are like, […]
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The prime minister of the United Kingdom is not unwell, according to a statement from his spokesperson who insists Boris Johnson “is focused on the issues that we face as we come up to the winter months and delivering on important changes like social care.” Johnson is “well and he is focused on delivering for […]
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Chancellor Rishi Sunak said the UK economy is entering a “new age of optimism” as he delivered a budget that Labour said only benefitted “bankers on short haul flights sipping champagne”. Sunak said the government’s tax and spending plans – details below – are focused on the “post-Covid” era and will pave the way for […]
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Chancellor Rishi Sunak has announced almost £26 billion of public spending commitments ahead of Wednesday’s (October 27) budget and spending review. Strong investment in public services, business support and help for working families will be at the heart of Sunak’s third budget with big spending planned for infrastructure projects, innovation and skills training. Digitalising the […]
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The UK’s plan to reach net-zero greenhouse emissions by 2050 will “secure” 440,000 green jobs and “unlock” £90 billion in private investment, according to ministers. With the start of Cop26 in Glasgow less than two weeks away, Boris Johnson finally published his long awaited plan to make the UK net zero in greenhouse gas emissions […]
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The UK has issued a warning to the EU over the future of Northern Ireland at the start of a pivotal week of talks between Brexit minister Lord David Frost and Maroš Šefčovič, vice president of the European Commission. Frost will tell the commission it will be making a “historic misjudgement” if it does not […]
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Households and businesses are alarmed by reports that energy prices – already at record levels – could be set to rise even further through the government’s new “green” levy on gas. The new charge will add up to £170 per year onto household gas bills from 2023, according to a report in the Times. The […]
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Transport secretary Grant Shapps said he will “move heaven and earth” to fix the UK’s supply chain crisis and may draft in the military to deal with the lorry driver shortage that has seen some petrol stations close and others ration supplies. Esso, BP and Tesco have all reported issues at their filling stations caused […]
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UK shoppers have been warned to expect food shortages by the end of the week with some suppliers predicting “farmageddon” within 10 days. The shortage of HGV drivers and other workers that has hit the food and retail sector has been compounded by new backlogs at abattoirs and processing plants caused by a shortage of […]
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