London (Parliament Politics Magazine) – The UK economy is to expand faster than Japan, Italy and Germany this year. The global economy is “turning a corner”, according to the latest perspective from the Organisation for Economic Cooperation and Development (OECD) as it
London (Parliament Politics Magazine) – The IFS warned Labour faces tough fiscal challenges, noting potential tax increases on capital gains, inheritance, and stamp duty. The Institute for Fiscal Studies (IFS) stated Labour had promised not to increase income tax, national insurance, VAT
London (Parliament Politics Magzine) – The Bank of England has maintained interest rates intact at 5% as it put its steps to ease the strain on household budgets on hold. The Bank’s monetary policy committee (MPC) voted by a bulk of eight
London (Parliament Politics Magazine) – Sales of some new hybrid cars will be authorised until 2035, the government has stated, but it rejected that this was a change to a manifesto commitment to ban petrol and diesel cars from 2030. Ministers scheme
London (Parliament Politics Magazine) – The Bank of England has relaxed new capital rules pointed to shock-proof the banking system from another 2008-style crash, in a motion the Labour government states will bolster its economic growth plans. The regulator stated it had
London (Parliament Politics Magazine) – WH Smith is to provide investors with a £50m windfall as holidaymakers snapping up travel essentials allowed a boost in summer sales at the retail chain. The retailer stated it would launch a £50m share buyback an
Expected to reach 44% of online purchases by 2025, Brazil’s instant payment system and its growth will be key topics at EBANX’s Payments Summit, starting on September 18 in four countries CURITIBA, BRAZIL, September 10, 2024 – Brazil’s instant payment system Pix
London (Parliament Politics Magazine) – Barratt and Lloyds Banking Group have undertaken a £150m joint venture with the government body Homes England that will conduct to the UK’s largest housebuilder and mortgage provider capitalising on Labour’s objectives to build 1.5m new homes.
London (Parliament Politics Magazine) – The online retail business Amazon has announced a pay upgrade worth about 10% for tens of thousands of UK workers, after beating a bid by the GMB trade union for bargaining rights over pay and conditions. Amazon
London (Parliament Politics Magazine) – Simon Case, the chair of the civil service, has supported the government’s figures indicating that a £22bn shortfall was exited by the previous Conservative administration. The cabinet secretary stated the Tories’ failure to hold regular spending reviews
