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Ultra wealthy 'already preparing' to quit the UK over potential Burnham tax raids | LBC
4+ hour, 1+ min ago (1341+ words) Speculation is mounting that the new prime minister and his chancellor, John Healey, could turn to taxes on assets to help deliver on the new government’s priorities, including providing extra cost-of-living support to families and financing an expansion in the…...
UK inflation eases to 15-month low in June after food and fuel prices fall in small boost for Burnham | LBC
5+ hour, 35+ min ago (705+ words) UK inflation fell to the lowest rate in 15 months in June as food and fuel prices dropped in an early boost to the cost-of-living-focused Andy Burnham. The rate of Consumer Prices Index (CPI) was 2.6 per cent in June, down from…...
Why does Britain always let someone else get rich from our best ideas? | LBC
5+ day, 6+ hour ago (850+ words) We should have full control over the critical systems that underpin our country, writes Valerian CEO Max Buchan Andy Burnham is right to put investing in Britain and British companies at the heart of his programme for government. Backing British…...
Burnham’s business rates plan to boost high street ‘could cost around £880m’ | LBC
2+ week, 2+ day ago (654+ words) 6am - 10am6am to 10am Andy Burnham’s plans to overhaul business rates to support small high street firms could cost around £880 million a year, according to fresh analysis. The frontrunner to become prime minister this summer has indicated that he plans to cover the…...
New US central bank boss asserts political independence amid Trump pressure | LBC
2+ week, 6+ day ago (667+ words) 10pm - 1am10pm to 1am Kevin Warsh said there would be ‘no changes’ to the independence of the Federal Reserve amid pressure from Donald Trump. The new boss of the US’s central bank has reiterated its political independence following pressure from Donald Trump over…...
Britain suffers biggest fall in wealth in the rich world since the pandemic | LBC
3+ week, 4+ hour ago (577+ words) 6am - 10am6am to 10am Average wealth has fallen by more than a fifth in the last five years Brits have experienced the largest slump in wealth in the rich world since the pandemic. Average wealth has fallen by more than a fifth in…...
Liz Truss-style bond crisis could be on the way, warns global central bank | LBC
3+ week, 2+ day ago (712+ words) 6pm - 9pm6pm to 9pm 3pm - 7pm3pm to 7pm Liz Truss's mini-budget triggered a bond market crisis in 2022, and global banks are being warned there could be fresh instability on the way. Global governments are facing fresh warnings that their borrowing could become more expensive very quickly…...
Inflation holds steady at 2.8% as food price rises ease | LBC
1+ mon, 5+ day ago (713+ words) 6am - 10am6am to 10am UK inflation unexpectedly flatlined last month as a slowdown in food price rises offset pressure from airfares, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation was recorded at 2.8% in May, the…...
'Veg for seven pence is too cheap' Zack Polanski calls for tighter supermarket regulation as food system is in 'crisis' | LBC
1+ mon, 1+ week ago (567+ words) 7pm - 10pm7pm to 10pm Shoppers should not be able to buy vegetables for 7p because it is a sign of exploitation in the system, Zack Polanski said. The Green Party leader called for tougher regulation of supermarkets as he claimed the food system was…...
Bank of England told staff should be working from 'desks, not sun loungers' after it emerged employees can be overseas 40 days a year | LBC
1+ mon, 2+ week ago (628+ words) 10pm - 1am10pm to 1am The Bank of England has been told its staff should be "working from desks, not sun loungers" after it emerged employees can work from abroad for up to 40 days per year. Around 6,000 of the Bank's workforce are eligible to…...