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Reeves urged to make Budget ‘bold’ or risk future tax rises
Posted onThe chancellor should be “bold” in next month’s Budget or risk future spending cuts and tax rises, an influential think tank has said. The Institute for Fiscal Studies (IFS) is projecting Rachel Reeves will need to find £22bn to make up a shortfall in the government’s finances, and will “almost certainly” have to raise taxes….
US says ‘all options’ on table to help stabilise Argentina’s fiscal turmoil
Posted onGetty Images US Treasury Secretary Scott Bessent has said the US is “ready to do what is needed” to help stabilise Argentina’s escalating financial turmoil. “All options for stabilization are on the table,” Bessent wrote on social media, calling Argentina a “systematically important US ally in Latin America”. The message helped to calm financial markets,…
Oldest Post Office scandal victim Betty Brown honoured with OBE
Posted onPritti MistryBusiness reporter PA Media Betty Brown said she was accepting the honour on behalf of all the victims of the Post Office Horizon IT scandal The oldest surviving victim of the Post Office Horizon IT scandal has been appointed Officer of the Order of the British Empire (OBE) for her services to justice after…
Claires and The Original Factory Shop enter administration
Posted onHigh street retailers Claire’s and The Original Factory Shop are being put into administration, risking 2,500 jobs. It comes amid a turbulent time for Claire’s, popular with tweens for its brightly coloured accessories, which was seeking a buyer after its US owner filed for bankruptcy last year. Modella Capital, which owns both chains, said the…
