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Chancellor hints at tax and spend shift to cushion Budget
Posted onThe chancellor has given the clearest indication yet that she wants to give herself more financial breathing space in November’s Budget. Speaking at a gathering of business leaders in Saudi Arabia, Rachel Reeves said she wanted to ensure the UK had “sufficient headroom” to provide resilience against future shocks. The implication is that the £9.9bn…
UK growth forecast upgraded by IMF but risks remain
Posted on“Today’s policymaking is constrained by a more volatile external environment with more frequent and overlapping shocks, a rising public interest bill, in part reflecting market concerns with countries’ elevated debt, and the long-standing challenge of weak productivity growth,” he said.
Guests ejected mid-stay from bankrupt hotel chain Sonder
Posted onGuests across the world have been told to leave their accommodation mid-holiday after property rentals firm Sonder suddenly went bankrupt. The collapse came after hotel chain Marriott terminated its leasing agreement with Sonder, a year after the partnership had been established. It allowed Sonder rooms to be booked via Marriott’s various booking platforms and app….
How Saudi Arabias spending spree reached the end of the line
Posted on“The thinking now is to basically get small wins, small successes here and there, instead of these mega projects,” says Abdullah. “Like, for example, the Red Sea island resort of Sindalah could be one small win that they can promote, which is basically a very traditional style of resort, which can still be presented as…
Jersey homeless charity concerned over energy costs
Posted onSome 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…
