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TalkTalk is moving toward selling its consumer and broadband operations to avoid administration, with deals reportedly near completion that could preserve approximately 900 jobs.
The UK Prime Minister has hinted the government could end the state pension triple lock policy, previously considered politically untouchable, to fund a new national care service.
Chancellor John Healey will deliver Labour’s first Budget on 28 October, outlining tax and spending plans while facing constraints from pre-election promises not to raise income tax, National Insurance, or VAT.
Beaverbrooks’ managing director called on the government to halt cost increases, citing a 9% fall in operating profit due to higher employer national insurance contributions and the minimum wage.
UK Chancellor John Healey argued that employment and training opportunities, rather than benefit payments, represent the most effective support for young people, as he announced expansion of apprenticeship programs.
Britain’s largest intercity rail operator Avanti West Coast will be brought into public ownership in March. The government is also exploring direct state ownership of new trains to reduce costs currently paid to private rolling-stock companies.
