S&P Global has issued a stark warning about the UK’s fiscal outlook, highlighting the nation’s high debt levels as a significant weakness for its sovereign debt status. The ratings agency has indicated that the incoming Labour government will face substantial challenges due to the constrained fiscal environment. According to S&P, the UK’s debt is projected […]
UK government officials are increasingly concerned about potential chaos at ports this October unless the EU postpones its planned biometric travel registration scheme, which mandates facial and fingerprint scans for non-EU nationals. Set to commence on 6 October, the European entry/exit system will require all non-EU travellers to undergo biometric checks. This new scheme, delayed […]
Former Prime Minister Sir Tony Blair is set to advise Labour that without adopting radical public service reforms and embracing artificial intelligence (AI), tax increases will be unavoidable. Addressing the pressing need for productivity improvements, Blair will highlight the economic challenges posed by an ageing and increasingly unhealthy population. Blair, Labour’s most successful electoral leader, […]
In a decisive move to address the UK’s housing crisis, Rachel Reeves, the UK’s first female Chancellor of the Exchequer, has announced a series of ambitious measures aimed at revitalising the housing sector. In her inaugural speech as Chancellor following Labour’s recent election victory, Reeves outlined her government’s commitment to building 1.5 million homes over […]
Education Secretary Bridget Phillipson has launched a major initiative to recruit 6,500 teachers, the Department for Education (DfE) has announced. In an effort to “reset the relationship” with the education sector, Phillipson will address all education workforces on Monday and meet with union leaders and other key figures in the coming days. The government will […]
Etsy, the online marketplace focusing on handmade, vintage, and craft items, is facing significant backlash from sellers following its decision to ban sex toys and other erotic items. Effective 29 July, the new regulations will also prohibit items that expose body parts such as female nipples or the cleft between the buttocks when modelled. The […]
In a significant show of confidence, leading global investors have pledged their support for Chancellor Rachel Reeves’ ambitious plans to revitalise the UK economy by leveraging private sector funds. This endorsement comes as Reeves, the first female Chancellor appointed by Prime Minister Sir Keir Starmer, sets out to attract billions of pounds in investment for […]
Keir Starmer has reinvigorated his ministerial team by appointing a blend of former New Labour figures and external experts, continuing his strategy of building a “government of all the talents.” On Saturday night, Starmer brought back senior ministers from the New Labour era, including Douglas Alexander, who returned as an MP and was appointed as […]
HM Revenue and Customs (HMRC) is under increasing pressure to release estimates on offshore tax avoidance by some of the wealthiest individuals in the UK. This comes after the figures were withheld in a report published during the election campaign. In June 2022, Lucy Frazer, then the financial secretary to the Treasury, committed to publishing […]
The US economy added 206,000 jobs in June, signalling a slight cooling in the labour market, according to the latest data from the Bureau of Labor Statistics (BLS). This figure aligns closely with economists’ expectations and represents a modest decline from the revised 218,000 jobs added in May. June’s unemployment rate edged up to 4.1%, […]