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Government borrowing costs jump on reports of Reeves dropping income tax rise
Reuters UK government borrowing costs have risen in reaction to reports the chancellor will not increase income tax in the upcoming Budget. The interest rate on 10-year government bonds, known as the yield, jumped to 5.56% from 5.44%, indicating the cost to government if it chose to borrow over this length of time. The jump…
Stamp duty: Five ways abolishing the tax could change the housing market
Kevin PeacheyCost of living correspondent Getty Images The debate around stamp duty is intensifying. When Kemi Badenoch said a future Conservative government would abolish it on the purchase of main homes, it went down well at the Tory Party conference. There has also been speculation that the Chancellor, Rachel Reeves, is considering replacing it. Scrapping…
Pizza Hut to close 68 UK restaurants
Charlotte EdwardsBusiness reporter, BBC News Getty Images Pizza Hut is to close 68 restaurants and 11 delivery sites in the UK with the loss of 1,210 jobs, after the firm running them fell into administration. DC London Pie Limited, which operates Pizza Hut’s UK restaurants, appointed FTI Consulting as administrators on Monday. However, Pizza Hut’s…
Ex-New York Times writer Bari Weiss to lead CBS after Paramount deal
Getty Images Paramount has named former New York Times opinion writer Bari Weiss to lead CBS News, in the latest move by new owners to reshape operations of one of America’s leading news organisations. Paramount is also buying The Free Press, the digital outlet Weiss started after her acrimonious departure from the New York Times,…
