Similar Posts
OBR productivity forecast may add £20bn to Budget hole
Posted onThe government is facing a bigger-than-expected hole in the public finances as it prepares for next month’s Budget. A downgrade to the UK’s productivity performance from the government’s official forecaster could lead to the chancellor facing a £20bn gap in meeting her tax and spending rules, the BBC understands. Rachel Reeves has confirmed both tax…
Aldi warns food prices may rise if Budget lifts costs
Posted onEmma SimpsonBusiness correspondent Aldi The boss of Aldi has warned that any measures in the Budget that further increase costs on employers could lead to higher food prices. Aldi UK chief executive Giles Hurley, said the impact of last year’s National Insurance rise and the cost of new packaging rules had already “rippled through to…
French tech giant Capgemini to sell US subsidiary working for ICE
Posted onCriticism of ICE practices has intensified in recent weeks since the shooting of 37-year-old Pretti, the second fatal shooting of a US citizen since immigration agents began surging several cities across the US, acting on the Trump administration’s drive to increase deportations of illegal immigrants.
Bank boss sorry after describing workers as lower value human capital
Posted onDiscussing how automation was likely to lead to thousands of job cuts at the bank at a recent conference, Bill Winters said it wasn’t about cost cutting but “replacing, in some cases, lower value, human capital, with the financial capital and the investment capital that we’re putting in”.
