News from The Guardian – Business
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There hasn’t been a ‘big chancellor’ since Osborne: IFS chief gives final mark
Paul Johnson highlights the challenge of managing the economy effectively amid political and public resistance to difficult financial decisions, impacting long-term fiscal leadersh...
Read Full Article →Impose unlimited fines on unsafe-cladding firms, report says
The report recommends significantly increasing financial penalties and restricting business opportunities for companies responsible for hazardous cladding, aiming to enhance accoun...
Read Full Article →Trump signs executive order to clear way for Nippon-US Steel deal
The executive order facilitates a potential $11 billion investment by Nippon Steel into US Steel by 2028 while granting the U.S. government veto rights to safeguard national securi...
Read Full Article →Spending billions on unclean, risky energy? What a nuclear waste | Letters
The £14.2 billion investment in nuclear projects, including unproven small modular reactors, raises concerns about potential cost overruns and uncertain long-term financial viabili...
Read Full Article →Minibuses make sense on rural routes | Letters
Replacing large buses with smaller vehicles on rural routes can significantly reduce operating expenses while maintaining essential transportation for low-income and carless reside...
Read Full Article →Oil and gold prices soar and stock markets fall after Israel’s attacks on Iran
The recent military actions in the Middle East have led to a marked rise in commodity prices, particularly crude oil and precious metals, while global equity indices experienced no...
Read Full Article →Boeing experts and UK and US aviation officials join Air India crash investigation
The involvement of Boeing specialists and international aviation authorities in probing the Air India disaster could impact the manufacturer’s market reputation and result in poten...
Read Full Article →Labour had the chance to finally kill off HS2. Instead, it’s throwing more money into the pit | Simo...
The government has allocated an additional £25 billion in its budget to address ongoing issues with the high-speed rail project, despite its limited mention in official transport p...
Read Full Article →High court dismisses challenges against adding VAT to UK private school fees
The court's ruling upholds the government's authority to impose a 20% tax on private education fees, potentially increasing revenue streams and affecting household expenses in the...
Read Full Article →Oil surges after Israel’s attack on Iran, risking ‘stagflationary shock’ – business live
The recent conflict in the Middle East has driven energy costs higher, potentially increasing inflationary pressures and economic uncertainty, which may adversely affect consumer s...
Read Full Article →Brazil to auction oil exploration rights months before hosting Cop30
The upcoming auction of extensive offshore oil and gas blocks in Brazil is expected to generate substantial revenue, influencing energy investments and economic dynamics ahead of t...
Read Full Article →Dublin is the only large European capital without a metro: what would Leopold Bloom make of that? |...
The proposed underground railway in Dublin represents a substantial investment with potential economic benefits, though escalating expenses and prolonged delays pose significant fi...
Read Full Article →Demob-happy IFS director tears into Rachel Reeves’s spending review
The outgoing IFS director’s critical assessment suggests that the spending review may barely avoid tax increases, highlighting potential challenges in achieving fiscal targets with...
Read Full Article →Dollar slides to three-year low while FTSE 100 hits record high
The declining US currency and rising UK stock market reflect investor concerns over economic instability and potential policy shifts, influencing global exchange rates and expectat...
Read Full Article →First crash of Boeing’s 787 model comes weeks after $1.1bn 737 Max payout
The recent Air India incident involving the Boeing 787 adds financial pressure to the company shortly after a substantial settlement with the US government related to prior 737 Max...
Read Full Article →US poised to lower tariffs on British cars within days, UK minister indicates
The forthcoming reduction of duties on British automobiles by the United States is anticipated to enhance trade relations and potentially boost export opportunities for UK manufact...
Read Full Article →Newly formed VodafoneThree vows to create thousands of jobs
VodafoneThree’s commitment to expanding its broadband services and improving network infrastructure is expected to significantly boost employment opportunities and drive substantia...
Read Full Article →BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker
BYD’s introduction of an affordable electric vehicle in the UK market represents a strategic move to increase sales volume and market share in its competition with leading electric...
Read Full Article →Upmarket Finest range helps lift Tesco sales amid UK ‘home dining boom’
Tesco experienced a significant increase in revenue as demand for its premium own-brand products rose sharply, potentially influenced by consumers opting for home-cooked meals due...
Read Full Article →Britain on track to become a ‘National Health State’, says thinktank
By the end of the decade, government expenditures are expected to devote approximately 50% of the budget to healthcare and social services, significantly impacting allocations for...
Read Full Article →NCA freezes £170m of UK property belonging to ally of ousted Bangladesh leader
The freezing of substantial UK real estate assets linked to a former Bangladeshi official highlights significant cross-border efforts to address suspected financial misconduct tied...
Read Full Article →Tuna, beans, Spam: Trump’s tariffs threaten the canned foods millions rely on to survive
Increased tariffs on metal used in canned food packaging could lead to higher prices, potentially impacting millions of low-income consumers who depend on these affordable and long...
Read Full Article →UK GDP report to show if economy kept growing in April – business live
The sharp increase in housing costs over the last twenty years highlights growing affordability challenges, potentially impacting consumer spending and overall economic stability i...
Read Full Article →MPs call for inquiry into how RedBird Capital is funding £500m Telegraph deal
A group of parliamentarians has requested an investigation into the financial sources behind a significant acquisition of a major media outlet, citing concerns over possible foreig...
Read Full Article →English football faces strain between money and fans’ needs, says report
The Premier League’s substantial £6.3 billion revenue in 2023-24 highlights football’s financial growth, yet concerns remain about balancing increasing commercial demands with supp...
Read Full Article →Reeves gambles on ‘renewing Britain’ to win trust of voters and see off Reform
The chancellor’s substantial infrastructure investments aim to secure voter confidence by prioritizing NHS and defence funding, while assuring Labour MPs that the upcoming spending...
Read Full Article →Reeves relaunches – but will it save Labour from Farage? – Politics Weekly UK
The recent funding increase across multiple public sectors indicates a strategic government effort to address current challenges and potentially influence the political landscape a...
Read Full Article →Great British Energy’s budget has been nuked | Nils Pratley
The allocation of £2.5 billion for small modular nuclear reactors significantly reduced the funds initially designated for Great British Energy’s renewable investments, impacting i...
Read Full Article →Labour promised people we would rebuild Britain – and that’s what we’re doing | Keir Starmer
This week’s spending review allocates significant funding to improve public services, stimulate local economies, and enhance overall financial well-being for working families acros...
Read Full Article →Disney and Universal sue AI image creator Midjourney, alleging copyright infringement
The lawsuit could result in significant financial liabilities for the AI company, affecting its operations and setting important precedents for intellectual property rights within...
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