The chancellor will need to raise taxes by £25bn if she wants to keep spending rising with national income, according to the Institute for Fiscal Studies (IFS). In its annual ‘Green Budget’ analysis, the IFS warned that the government would have to dramatically increase the £9bn of tax rises outlined in its manifesto to meet
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Grabango’s mobile app Grabango Grabango, a venture-backed startup that was vying to take on Amazon in cashierless checkout technology, is shutting down after it was unable to raise enough money to stay afloat. “Although the company established itself as a leader in checkout-free technology, it was not able to secure the funding it needed to
Former Premier League footballer George Baldock has died at the age of 31. The Greek defender was found on Wednesday in a swimming pool at his home in the southern Athens suburb of Glyfada, police sources told the Reuters news agency. His cause of death remains unknown. Baldock spent seven years at Sheffield United, having
Major employment reforms promised by Labour will not become law for at least two years, as the government seeks compromise between unions and businesses on measures intended to strengthen workers rights without hindering economic growth. The Employment Rights Bill, introduced into parliament on Thursday, includes 28 measures, many of which will be subject to extended
A recent discussion among experts highlights a critical gap in the United States’ capacity for in-space rescues. As human spaceflight missions become more common, the absence of a dedicated “space rescue service” raises concerns about the safety of astronauts in distress. The historical lessons from missions like Apollo and the space shuttle seem to have
Tariffs be damned, Chinese EV brand ZEEKR continues to expand its global presence by sharing plans to launch in another European market – Norway. The initial rollout will consist of two of ZEEKR’s flagship models, which will become available to Norwegian customers very soon, Geely-owned EV marque ZEEKR continues to fulfill its promise to expand
Crude oil futures drifted lower Wednesday after sliding more than 4% the previous day. The rally spurred by the risk of a wider Middle East war has stalled out amid uncertainty over how Israel will retaliate against Iran for last week’s ballistic missile strike. Chinese policymakers’ failure to deliver new economic stimulus measures at a
The boy who stabbed 15-year-old Holly Newton to death in a frenzied attack in Northumberland has been named as Logan MacPhail. The 17-year-old followed Holly through Hexham town centre before stabbing her 12 times and slashing her 19 times in just over a minute. A boy who was with Holly at the time tried to
Jenna Fischer, who played Pam Beesly in the US Office, has revealed she was diagnosed with an “aggressive” breast cancer in December last year. The 50-year-old shared a photo of herself in her “patchy pixie” haircut to mark breast cancer awareness month. “After completing surgery, chemotherapy and radiation I am now cancer free,” she wrote
The outgoing boss of the Post Office has said he does not need to clear his name following criticism of his leadership over the Horizon IT scandal. Nick Read made the comments as he arrived for the first of three days of evidence to the inquiry into the scandal, in which more than 900 sub-postmasters
A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, March 13, 2024. Mike Blake | Reuters Of the many allegations
Lenders holding £12bn of Thames Water’s debt have held face-to-face talks with Ofwat this week to pitch a rescue deal that they believe would avert the nationalisation of Britain’s biggest water utility. Sky News has learnt that a creditor group advised by Jefferies, the investment bank, met officials from the industry regulator on Tuesday to
Sky News and NBC News are jointly launching a new podcast on global affairs – and the first episode is out now, with a focus on how America’s next president might affect the crisis in the Middle East. Sky News’ lead world news presenter Yalda Hakim and NBC News’ chief foreign correspondent Richard Engel have
Hurricane Milton reduced a US meteorologist with 33 years’ experience reporting on hurricanes to tears live on air. What prompted the moment, said NBC’s John Morales afterwards, was atmospheric pressure. “It’s funny how millibars can get a nerd to lose it,” he said. Falling barometric pressure is the best predictor of the growing intensity of
Police have released a photo of man they want to speak to after an 18-year-old girl was raped on a night out in Newcastle. In a post on X, Northumbria Police said: “We are hoping to trace him as we investigate a rape in Newcastle. We received a report that an 18-year-old woman had met
Miranda Hart has shared she’s become a “young bride at 51” after marrying her “best friend”. The actress and comedian announced the news on The One Show while promoting her new book, I Haven’t Been Entirely Honest With You. Hart also said she had had “a tough few years” after being diagnosed with Lyme disease,
On today’s exciting episode of Quick Charge, we try to find the missing hype that usually surrounds Tesla’s new product reveals – and why five years of broken product promises mean it might not show up at all this time around. We’ve also got a pickup that doesn’t need a $16,000 range extender in its bed
In this article .DJI META PANW NVDA .SPX RBLX GM @LCO.1 @CL.1 DGE-GB RI-FR MC-FR .STOXX .IXIC Follow your favorite stocksCREATE FREE ACCOUNT A view from the Alaska Bootanical Park, fall, Halloween and harvest season themed version of the Alaska Botanical Park with special displays, inside the Far North Bicentennial Park, Alaska, United States on
U.S. Assistant Attorney General Jonathan Kanter speaks about the antitrust lawsuit against Live Nation Entertainment during a press conference as Attorney General Merrick Garland and Deputy Attorney General Lisa O. Monaco look on during a press conference at the Department of Justice in Washington, U.S., May 23, 2024. REUTERS/Ken Cedeno Ken Cedeno | Reuters The
Parliament Road in Middlesbrough feels a world away from the establishment it shares a name with, but for one Sunday in August, the terraced streets of central Middlesbrough were at the centre of national attention. That afternoon, what was advertised as a peaceful protest, turned into a riot, with hundreds of people, many of them
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