10 h. ago Chancellor faces angry backlash as she announces 'bonkers' minimum wage hike that threatens to push even MORE young people out of work

Rachel Reeves is facing a major backlash after she announced a 'bonkers' inflation-busting minimum wage hike that threatens to push even more young people out of work.

Events

10 h. ago Business backlash as Reeves confirms minimum wage pay rise hike for millions of workers

The chancellor said the move would mean those on low incomes were ‘properly rewarded’ - but businesses warned the move could drive unemployment and hit economic growth

Economics

10 h. ago Millions of workers in line for pay rise as minimum wage hike confirmed

Rachel Reeves said the cost of living was the 'number one issue' for Brits and the lowest paid deserved to be properly rewarded as she unveiled the changes ahead of the Budget

Economics

17 h. ago Trump abruptly pulls plan to announce Obamacare extension after ‘significant congressional backlash’: report

White House faces deadline after refusing to negotiate with Democrats on impending Obamacare hikes

Politics

27 h. ago Trump abruptly pulled plan to announce Obamacare extension after ‘significant congressional backlash’: report

Republicans and the White House face a deadline after refusing to negotiate with Democrats on impending Obamacare premium hikes

Politics

3 w. ago Canada’s Liberal party says budget of ‘sacrifice’ needed to avoid recession

Country set to unveil PM Mark Carney’s spending plan as it battles trade war with US and protracted cost of living crisisCanada’s ruling Liberal party has said a budget of “sacrifice” is required to confront both a trade war with the US and a protracted cost of living crisis that threatens to push the country into a recession. But with opposition parties signalling they won’t support the fiscal plans of the prime minister, Mark Carney, a failed parliamentary vote on the budget could plunge the country into another federal election in the coming weeks.The country’s finance minister, François-Philippe Champagne, will on Tuesday unveil a spending plan his government has signalled will include both steep deficits and spending cuts. Few details have leaked ahead of the announcement, which will mark the first substantive look at how Carney plans to avoid a recession while locked in a trade war with the US, Canada’s biggest economic partner. Continue reading...

Economics