Political News
Living standards to fall after Sunak budget - IFS
Living standards will fall for many people in the UK as a result of Rishi Sunak's budget, one of Britain's top economic thinktanks has warned.
UK Budget: Sunak gambles on spending spree ahead of pre-election tax cuts
UK Finance Minister Rishi Sunak on Wednesday gambled on a budget spending package to help Britain recover from the Covid pandemic with a string signal that tax cuts would arrive before the next election.
US activist investor calls for break up of Royal Dutch Shell
Activist US investor Daniel Loeb called for the breakup of Royal Dutch Shell.
Novavax shares plummet on report of further delays in Covid-19 vaccine
Novavax's manufacturing problems may be more serious than previously thought and could hamper global efforts to fight Covid-19.
Sunak to slash tax surcharge on bank profits - report
The chancellor Rishi Sunak plans to cut the surcharge on banks’ profits, it was reported on Wednesday.
Government to link mortgages to green home improvements - report
The government wants to link mortgages to compulsory green improvements to homes, it was reported on Tuesday.
Meggitt sees takeover completing in 2022 despite govt intervention
UK aerospace and engineering firm Meggitt said it still expected its £6. 3bn takeover by US rival Parker-Hannifin to complete next year despite a UK government intervention on national security grounds.
UK govt departments face £2bn in spending cuts despite tax rises - IFS
UK government departments face deep budget cuts of more than £2bn even as Finance Minister Rishi-Sunak increases taxes to their highest peacetime level, a leading financial thinktank said on Tuesday.
UK troops start fuel deliveries to ease driver shortage crisis
British military truck drivers have started delivering fuel to petrol stations as the nation continued to grapple with low supplies at forecourts.