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Faisal Islam: Rachel Reeves pre-emptively justifies tax rises
In Liverpool Rachel Reeves seemed to be floating a pre-emptive argument ahead of possible tax rises in her November Budget. The key line in the chancellor’s speech in relation to the Budget was her linking of tough decisions “in coming months” to global headwinds and a critical reassessment of the long-term productivity performance of the…
Removed Ben & Jerrys chair says Magnum aimed to smear her
The ousted chair of Ben & Jerry’s has accused the company which owns the brand of threatening to launch a public smear campaign against her. Anuradha Mittal, who chaired Ben & Jerry’s independent board for seven years, told the BBC that Magnum had threatened to publish “defamatory statements” about her if she did not step…
BP puts North Sea business up for sale
The North Sea has increasingly become a topic for political debate. In its 2024 general election manifesto, Labour said it would not issue new licences for drilling, but would honour existing ones. But in recent months, as the Iran war pushed up global oil prices, calls have grown for more North Sea drilling to be…
Faisal Islam: How high will interest rates go?
Why have they raised now? High and rising inflation risks a further cycle of self fulfilling expectations of rising prices. It hasn’t been seen so far, however. The war has lasted for 9 months, and led to oil prices used in the forecast averaging $108 a barrel. And yet on the day they have announced…
