Chancellor unsure if Government can afford to announce new tax cuts January 6, 2024 Chancellor Jeremy Hunt has said he does not know if he can afford to cut taxes for British households as a national insurance reduction came into force on Saturday. Hunt said he wanted to further ease a tax burden which is expected to rise to the highest since the Second World War before the end [...]
US jobs grow more than expected as wages keep rising, casting doubt on rate cuts January 5, 2024 U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the Federal Reserve would start cutting interest rates in March. Nonfarm payrolls increased by 216,000 jobs last month, the Labor Department’s Bureau of Labor Statistics said in its closely watched employment report on Friday. [...]
Rachel Reeves: Sir Howard Davies house price remarks ‘out of touch with reality’ January 5, 2024 Rachel Reeves has slammed Natwest chair Sir Howard Davies' comments on the property ladder, saying the City grandee is "out of touch" with the reality of millions of Brits.
Construction sector continues decline in December, but pace slows January 5, 2024 Construction companies reported a recent slump in housebuilding continued last month, but the firms started hiring a little more, hopeful that 2024 might bring better conditions.
European inflation up after months of decline casting doubt on ECB interest rate cuts January 5, 2024 Inflation plaguing Europe increased to 2.9 per cent in December, after seven straight monthly declines, figures show. The rise in price levels cast doubt on predictions for swift interest rate cuts from the European Central Bank (ECB). The figure released on Friday was up from the 2.4 per cent annual inflation recorded in November – [...]
London party boat sinks on the Thames after heavy rainfall battered capital January 5, 2024 An HM Coastguard spokesman said: “A restaurant vessel sank at Temple Pier in London on January 4. “The alarm was raised at about 12.30pm and everyone is accounted for.”
Israel spells out vision for next steps in Gaza: ‘Scaled down’ war – but it isn’t ending January 5, 2024 r Gallant also outlined a proposal for how Gaza would be run once Hamas is defeated, with Israel keeping security control while an undefined, Israeli-guided Palestinian body runs day-to-day administration.
Passengers to Gatwick face delays as train operators brace for heavy rain January 4, 2024 With heavy rain due in the south east and London area on Thursday night and Friday morning, Network Rail reiterated warnings to check before travelling.
Rishi Sunak: ‘Working assumption’ of an election in the second half of the year January 4, 2024 The Prime Minister said on Thursday it is his “working assumption” that he would not be sending the public to the polls in the spring, as opposition figures have been talking up.
Two charged with arson after fire at Tory MP Mike Freer’s London office January 4, 2024 The pair have also been charged with arson without intent over a fire at the back of a restaurant in Long Lane, north London, at about 11pm the same night.