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New Birmingham-Manchester rail link planned
The government is set to announce its intention to build a new rail link between Birmingham and Manchester, the BBC understands. Previous plans for the HS2 high-speed rail line had included a line between the two cities, but that part of the project was scrapped by Rishi Sunak’s government. On Wednesday, the government is expected…
Pay rise for 2.7 million people as minimum wage increase comes into force
But Spencer says his business is being squeezed from every angle – as well as minimum wage, he has had increases in business rates, national insurance, and statutory sick pay. He also expects energy bills to go up because of the war in the Middle East.
Cambridge shelter resident says Budget must focus on housing
A man experiencing homelessness said he hoped the government would focus on increasing accessibility to housing in its upcoming Budget. Josh, 26, who is currently a resident at the night shelter Jimmy’s in Cambridge, said the availability of council housing and “move-on housing” – shared accommodation where people can receive support – was important. Chancellor…
US to cut tariffs on Taiwanese goods after investment pledge
Natalie Sherman,Business reporterand Lily Jamali,North America Technology correspondent Bloomberg via Getty Images The US has been pushing to build up its semiconductor industry The US said it had agreed to cut the tariffs it charges on goods from Taiwan to 15%, in exchange for hundreds of billions of dollars in investment aimed at boosting domestic…
Oil back above $100 as conflicting reports emerge on US-Iran talks
In morning trading, Japan’s Nikkei 225 was 0.8% higher, the Hang Seng in Hong Kong was up by 1.6%, while South Korea’s Kospi rose by 2.2%. They had fallen sharply on Monday as Asian countries are heavily dependent on oil and gas that would normally pass through the strait.
