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Wessex Water’s chief executive received a 14% salary increase to £670,000 despite the company being banned from paying bonuses due to sewage spills and environmental failures.
Academics propose a 2% wealth tax on UK households exceeding £100m in assets, potentially generating £10bn annually while affecting fewer than 1,000 of the nation’s richest families.
The UK government has announced a reduction of VAT on household electricity bills from 5% to zero, effective in October, expected to save typical households approximately £45 annually.
UK military shows interest in electric flying taxi variant from Vertical Aerospace, which demonstrated its prototype at an airshow and received additional £10m government funding.
UK government borrowing in June was £16bn, slightly below forecasts, though analysts warn public finances remain fragile with debt at near-record levels relative to GDP.
Defence company shares surged after John Healey was appointed chancellor, with investors betting his previous advocacy for increased military spending will translate into action in his new role.
