Rachel Reeves is under mounting pressure from senior policymakers and economists to target wealthier pensioners and homeowners with new taxes as she seeks to stabilise the public finances ahead of November’s Budget. In a letter to the Chancellor, signatories including Lord Gus O’Donnell, the former cabinet secretary, and Lord Jim O’Neill, the former Treasury minister, argued that the government should ...
The US has collected $1.36 billion in tariffs on British exports in just four months, six times more than in the same period last year, highlighting the toll of President Donald Trump’s duties on UK manufacturers. According to estimates from the US International Trade Commission, American buyers of British goods paid significantly more in tariffs between April and July than ...
The UK risks a “long, slow death” of its economic engines if businesses continue to trail international rivals in adopting artificial intelligence, according to Matt Clifford, the prime minister’s former AI adviser. Clifford, who also chairs the Advanced Research and Invention Agency (Aria), said Britain is guilty of “dangerous complacency” despite its reputation as a hub for technology and innovation. ...
BMW’s UK motor finance division has sharply increased the money set aside to cover potential compensation for drivers mis-sold car loans, allocating nearly £207 million in provisions. The move underscores the growing cost of the industry-wide scandal as regulators prepare a formal redress scheme. The Financial Conduct Authority (FCA) is expected to outline shortly how it will compensate millions of ...
President Donald Trump praised Turning Point USA founder Charlie Kirk’s legacy Sunday, calling him a ‘martyr for American freedom.’ ‘I know I speak for everyone here today when I say that none of us will ever forget Charlie Kirk, and neither will history,’ Trump said to the tens of thousands of supporters gathered to celebrate the life of Charlie Kirk ...
A German shop owner in the northern city of Flensburg posted a sign on Wednesday that Jews are banned from entering his store, sparking outrage among state officials in Schleswig-Holstein. Hans-Velten Reisch, the 60-year-old owner of the store that sells Gothic-Utensils and technical literature, posted a sign that reads, ‘Jews are banned from entering here! Nothing personal. No antisemitism. Just can’t ...
More than 100,000 heavy hearts are set to converge on Arizona’s State Farm Stadium in Glendale, Ariz., today to commemorate the life of Charlie Kirk — the fiery young activist who ignited fierce loyalty, sharp, yet civil debate, and whose shocking assassination has left a movement in mourning. Those in attendance at Kirk’s service, which begins at 11 a.m. local ...
NATO has been on high alert since Russia invaded Ukraine more than three and a half years ago, but a recent spike in the alliance’s airspace violations has security experts increasingly concerned that warnings of war with Moscow are no longer theoretical, but inevitable. President Donald Trump on Thursday said the U.S. could ‘end up in World War III’ over ...