Pinterest sacks workers for creating tool to track layoffs

However, Mel Stride, Conservative shadow chancellor, responded to Reeves’s statement saying if she “serious about the challenges we face, she would commit to getting spending down, tackling the benefits bill, getting taxes down to strenghen our economy”.

Getty Images There has been speculation that November’s Budget could see Chancellor Rachel Reeves break Labour’s pre-election pledge not to increase income tax, National Insurance (NI) or VAT for working people. It’s been suggested that she could extend a freeze to the income thresholds at which people start paying the taxes, or have to pay…

Retail giants Tesco and Marks & Spencer both saw a bump in food sales over the vital Christmas period despite both mentioning a challenging economic backdrop. Tesco said sales in the UK were up 3.2% from last year and it had now notched up its highest market share in more than a decade. M&S said…

“I know that the last few years have been tough for people, but the measures that I took, all fully costed and fully funded in the budget, should start to ease those cost of living pressures that people have been living with for too long,” she told me.

It has hoovered up brands including Joules, Fatface, Cath Kidson, and Made.com that have struggled in recent years, and employs more than 30,000 people across its businesses. Earlier this month, the retailer increased its full-year profit expectations to £1.2bn, with sales up 6.2% in the first quarter.

Liv McMahonTechnology reporter Getty Images TikTok’s new US owner has apologised to users for “disruption” after thousands reported issues affecting the video-sharing app. Platform outage monitor Downdetector said it has seen more than 600,000 reports of glitches from US TikTok users over the weekend. Problems flagged by people include videos appearing repeatedly on “For You”…