Why the PM could finally drop the triple lock pension pledge
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.
What is the Budget and what could be in it?
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.
Boss of Beaverbrooks urges government to give businesses ‘a bit of a break’
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.
Best thing we can offer young people is a job, not benefits, says chancellor
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.
Avanti West Coast to be renationalised in March as ministers float public ownership of new trains
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.
UK needs plan in case of ‘unprecedented’ AI job losses, says minister
A UK AI minister says the government must prepare contingency plans for potential job losses from artificial intelligence, though no overall employment reduction has been documented so far.