Romina Boccia and Ritvik Thakur Medicare1 isn’t just facing a trust fund shortfall—it’s threatening America’s entire fiscal future. While headlines warn that the Hospital Insurance (HI) Trust Fund2 will run out in 2033, the real danger comes from a different part of the program: Supplementary Medical Insurance (SMI). SMI refers to Medicare spending by Part B (doctors’ visits and outpatient ...
Kemi Badenoch has pledged to abolish stamp duty land tax as part of her plan to revive home ownership and stimulate the housing market — describing it as an “unconservative tax” that prevents millions from buying or moving homes. In a surprise announcement during her closing speech at the Conservative Party conference in Manchester, the Tory leader said the next ...
Britain’s first female fast-jet pilot Dr Jo Salter has been named the UK’s most inspirational business speaker, topping a major new ranking by the Motivational Speakers Agency. The poll, compiled from data across more than 450 exclusive London events, reveals which keynote speakers have made the biggest impact on audiences in the past year — with names spanning entrepreneurship, elite ...
The Confederation of British Metalforming (CBM) has welcomed Jaguar Land Rover’s (JLR) staged return to production and the launch of a funding stream to stabilise suppliers — but warned that serious liquidity problems continue to threaten smaller firms deeper in the UK automotive supply chain. CBM President Stephen Morley said the carmaker’s payment scheme was a “welcome boost to liquidity” ...
Kemi Badenoch will today set out a new ‘golden rule’ for managing the public finances and unveil what aides describe as a ‘totemic’ tax cut as she seeks to refocus the Conservative Party’s message on economic growth and fiscal discipline. The Conservative leader is due to close the party’s annual conference in Manchester on Wednesday, outlining her plan to restore ...
JPMorgan Chase has maintained its position as the world’s most AI-advanced bank, according to the 2025 Evident AI Index, which benchmarks the artificial intelligence maturity of 50 global financial institutions. The US banking giant, led by CEO Jamie Dimon, retained the top spot for the third consecutive year, ranking first in three of four AI capability pillars — Innovation, Leadership ...
The UK government has launched its long-awaited £5 billion “Pride in Place” programme, a decade-long initiative designed to revitalise towns and communities by putting local people in charge of how regeneration funding is spent. The scheme, which was officially announced this week, will see 169 areas across the UK each receive £2 million per year for ten years, while a ...
Nik Storonsky, the billionaire co-founder and chief executive of Revolut, has moved his official residency from the UK to the United Arab Emirates, according to filings made to Companies House. Documents lodged on Tuesday for Storonsky’s family holding company confirm that the change took place in October 2024. The move comes less than a month after Revolut pledged to invest ...
Small businesses in deprived urban areas are less likely to secure finance than those in more affluent or rural parts of the UK, according to new research by the British Business Bank (BBB). The government-backed economic development agency said its latest annual Small Business Finance Markets report revealed “significant disparities” in access to credit cards, overdrafts and loans across the ...
Furniturebox, the fast-growing UK-based online furniture retailer, has secured £1 million in new funding from Barclays to support continued innovation, product development, and international growth. The funding comes in the form of a Barclays Trade Loan, designed to help the company strengthen its supply chain, invest in product innovation, and create new jobs as it scales operations at its new ...