The UK’s latest Budget has cast uncertainty over its reputation as a hub for entrepreneurship, with business leaders warning of a potential exodus of talent and investment. Shalini Khemka CBE, CEO of the entrepreneurial community E2E, expressed disappointment in the Budget’s new tax measures, which she believes will deter entrepreneurs and business owners. “Today’s budget shows that the current government ...
Chancellor Rachel Reeves has introduced a record-breaking £40bn tax rise in her first Budget, which the Office for Budget Responsibility (OBR) warns could stifle long-term economic growth. According to the OBR, Britain’s economy will expand by just over 1% this year, peaking at 2% in 2025, but remaining below its potential growth rate of 1.66% thereafter. The biggest change comes ...
Former President Trump’s running mate, Sen. JD Vance, R-Ohio, called out how one of Kamala Harris’ ‘biggest donors is doubling down on calling half the country ‘garbage.” Vinod Khosla, co-founder of the giant tech company Sun Microsystems, wrote on X ‘Garbage is an understatement for MAGA extremists.’ He responded to a story by the Associated Press titled, ‘Biden suggests Trump supporters ...
A Russian court has handed Google an astronomical $20 decillion fine—an amount that vastly exceeds the total money supply in the world—after the tech giant blocked accounts belonging to several pro-Kremlin TV channels on YouTube. The case, which has captured global attention due to the unprecedented figure involved, reflects growing tensions between Google and Russia following international sanctions related to ...
: Susan B. Anthony Pro-life America, a group that seeks to ‘end abortion’ in the United States, has knocked on 4 million doors in swing states to reach voters they say can be persuaded to oppose candidates and ballot initiatives that would expand abortion access. Earlier this year, the group set out an ambitious goal of raising and spending $92 ...
The Pentagon is warning there will be no new limits on Ukraine’s use of American weapons if North Korean soldiers amassing in Russia join the military conflict. The declaration comes after the Department of Defense announced in mid-October that it would provide Ukraine with another $425 million worth of supplies and weapons to defend itself from Russian troops, including missiles ...
American voters worry that the ongoing war between Israel and Hamas will escalate into a larger regional conflict in the Middle East, a new poll finds. While Democrats and Republicans both agree that the ongoing war is a problem and both are wary of U.S. involvement in the Middle East, there’s a stark partisan divide over who is to blame ...
Rachel Reeves announces the first Labour budget in 14 years, and the first to be delivered by a female Chancellor. Refresh this page as we follow live: Britain voted for change, she says. The government has a mandate to restore stability and start a decade of renewal, she says. Reeves says Labour must ‘invest, invest, invest’ to promote growth The ...
Rachel Reeves’s anticipated inheritance tax (IHT) changes have sparked a sharp sell-off in UK stocks, with investors withdrawing nearly £300m from funds invested in small UK companies last month, according to Morningstar Direct. This represents a significant increase from the £80m withdrawn in August and reflects growing apprehension among investors about potential tax changes in Wednesday’s Budget. Funds specialising in ...
Rachel Reeves is expected to make climate change a core priority for the Bank of England in her first Budget as Chancellor, calling on Governor Andrew Bailey to give environmental concerns the same weight as economic growth. This shift, conveyed in a letter to Bailey on Wednesday, will reintroduce climate change as a focus for the Bank’s Financial Policy Committee, ...