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Highest government borrowing in September for five years
UK government borrowing in September hit the highest level for the month in five years, official figures show, highlighting the challenges facing the chancellor ahead of next month’s Budget. Borrowing – the difference between public spending and tax income – was £20.2bn in September, up £1.6bn from the same month last year, the Office for…
Police consider corporate manslaughter charges in Post Office scandal
Police officers investigating the Post Office Horizon IT scandal are now considering corporate manslaughter charges. In an update, shared with victims in the past few days, the National Police Chiefs’ Council (NPCC) said the investigation is looking at offences of perjury and perverting the course of justice, along with corporate manslaughter – which affects companies,…
Why the Northern Powerhouse Rail plan will really go ahead this time
“Build it from the north” was the cry from transport experts for years as tens of billions of pounds were channelled into projects in the south east, London, and even HS2’s viaducts, verges, and bat tunnels in the home counties. The wide-ranging Northern Powerhouse Rail (NPR) plan is not just about rail expansion to realise…
Why are young people leaving Britain to work abroad?
Sol Hyde Nearly 200,000 people under the age of 35, including Sol Hyde (pictured), moved abroad in the year to June With rising rents, a tough job market and pay cheques stretched to the limit, some young Britons are choosing to build their futures overseas. According to the Office for National Statistics (ONS), 195,000 people…
Jersey homeless charity concerned over energy costs
Some islanders are struggling to heat their homes in cold temperatures, a homeless charity boss has warned. The Shelter Trust chairman Mike Powell said he was concerned some people were “effectively rough sleeping at home” because they could not afford energy bills. “We think with more cold months likely to come the problem will become…
ECB holds interest rates at 2%
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank has left its benchmark interest rate unchanged at 2 per cent for the fourth meeting in a row but raised its growth forecast for the Eurozone. Thursday’s rate decision was in…
