Conservative shadow chancellor Mel Stride has sharply criticized the government’s decision to scrap the two-child benefit cap, arguing it represents misplaced priorities and will lead to 25,000 more people claiming …
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HP has revealed a restructuring initiative that will result in the elimination of between 4,000 and 6,000 positions globally by the end of October 2028. The plan represents the company’s …
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Economics
Shadow Chancellor Calls Budget Leak “Criminal Act” as Markets React to Early Data
by admin477351Opposition politicians condemned the premature release of budget documents as potentially criminal, with Shadow Chancellor Mel Stride labeling the incident “utterly outrageous” after the Office for Budget Responsibility accidentally published …
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Finance
Market Confidence Returns: UK Banking Stocks Rally on Budget Tax Exemption Hopes
by admin477351British banking equities experienced a pronounced upward trajectory on Tuesday as market participants grew increasingly assured that the financial services sector would avoid fresh taxation in the forthcoming budget announcement. …
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SoftBank has sold its $5.8 billion stake in Nvidia to free up funds for its ambitious OpenAI investments, a move that highlights the Japanese conglomerate’s deepening commitment to artificial intelligence. …
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The Bank of England’s regulatory arm is championing a new “strong and simple” framework as one of the most significant changes to banking rules in 30 years. The reform is …
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Tech
“Enough!”: Altman Snaps at Investor as OpenAI Scrambles to Deny It Wants Government Guarantees
by admin477351Tensions over OpenAI’s finances are running high, and the company’s leadership is feeling the heat. In a strikingly tense podcast exchange, CEO Sam Altman publicly rebuked one of his own …
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Trade experts are warning of an “expansionist” US policy on tariffs as the Commerce Department considers adding another 700 items to its list of taxed “steel derivatives.” This move follows …
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Uncertainty over this month’s budget was not enough to halt the property market, as UK house prices rose 0.6% in October to hit a new record high. The average home …
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Banks in the UK will not face higher taxes in the upcoming budget, according to reports that Chancellor Rachel Reeves wants to maintain stability and support economic expansion. The news …