4 d. ago Budget 2025: Income tax rate will not rise, signals minister

Chief Secretary to the Prime Minister Darren Jones makes clear the Government has ruled out a manifesto-busting increase in income tax

Politics

5 d. ago Top minister signals dramatic steps to 'shock' the economy out of 'emergency'

A top Cabinet ministers insists the economy is 'turning corner' but also pledges to do whatever it takes to trigger growth after inheriting a mess from the Tories

Politics

9 d. ago US economy added more jobs than forecast in September, after shock losses in August – business live

US non-farm payrolls rose by 119,000 in September, but new data also shows economy shed jobs in AugustThe Chinese ministry of commerce has said the dispute over the supply of chips from Nexperia, the Dutch-based Chinese-owed company, is still not fully resolved.“There is still a gap to completely solve the problem,” the Chinese ministry of commerce (MOFCOM) said on Thursday.“Minister Karremans justified his actions by accusing Nexperia’s CEO of various acts of alleged mismanagement. Wingtech strongly rejects these accusations and points out that, to date, no proof has been provided,”The minimum is no additional cost for business. Every time costs go up, you’re making the case against investing in the UK.In the UK cost of energy is too high versus almost anywhere in the world. Continue reading...

Economics

2 w. ago Fury as No 10 signals Starmer is willing to pay billions to Brussels in return for closer EU trade deals

Downing Street has signalled that the Prime Minister is preparing to give in to EU demands for cash payments in return for improved access to the single market.

Economics

2 w. ago SNP minister gives strong signal Scottish Government 'revisiting' income tax hikes under 'nightmare scenario'

Shona Robison has suggested Labour will “pay a very high price” with voters in Scotland if Chancellor Rachel Reeves moves to “actively cut Scotland’s funding by £1bn”.

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