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Government borrowing costs jump on reports of Reeves dropping income tax rise
Posted onReuters 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…
HS2 could cost up to £102.7bn and trains will be slower than first planned
Posted onTwo-thirds of the increase in cost is due to an underestimate of costs by the previous government, inefficient delivery, and to works being missed from the scope of the original plan, according to the government. One third of the increase is due to inflation, Alexander said.
Flights resume at Edinburgh Airport after air traffic control outage
Posted onAngie BrownEdinburgh and East reporter BBC There were flight cancellations and delays following the outage Passengers are experiencing delays and cancellations after an air traffic control outage led to the suspension of flights to and from Edinburgh Airport. Services resumed at 10:40 after flights were grounded for about two hours, with some passengers reporting being…
How the new road safety measures will affect you
Posted onEmer MoreauBusiness reporter Getty Images Learner drivers could have to wait six months before booking a practical test The UK government has launched the first major road safety strategy in over a decade, aimed at lowering the number of people who are killed or seriously injured on the roads. The changes only apply to England…
