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Chancellor signals out-of-city growth push as experts say economy shrank in July
1+ hour, 27+ min ago (285+ words) AS THE latest data suggested the economy shrank in July, Chancellor John Healey declared that growth must extend beyond Britain’s largest cities. Local authorities and town centres are to receive more support, Mr Healey said ahead of a pre-Budget speech…...
Nearly third of finance workers ‘very concerned’ over AI impact on their jobs, union warns
2+ week, 1+ day ago (349+ words) NEARLY a third of finance workers say they are “very concerned” about how AI or new technology could affect their jobs, a survey by Aegis union showed today. Just over 85 per cent said that AI or new technology has already…...
Healey faces pre-Budget challenge as borrowing jumps
2+ week, 1+ day ago (185+ words) NEW Chancellor John Healey faces a fiscal squeeze ahead of his inaugural Budget as official figures showed government borrowing unexpectedly rose to £1.8 billion last month. The Office for National Statistics said the increase in government borrowing in July was £700 million…...
US national debt hits record high of $40 trillion
2+ week, 2+ day ago (393+ words) THE United States national debt has topped $40 trillion (around £30trn) for the first time in history, according to data released by the US Treasury Department on Wednesday. The data shows that debt held by the public and intragovernmental holdings stood at…...
‘We can afford it’: Britain-based millionaires tell Burnham to ‘tax us more’ | Morning Star
1+ mon, 1+ week ago (690+ words) THREE quarters of Brits want the rich to pay more taxes after more than 100 Britain-based millionaires, including Gary Lineker and musician Brian Eno, told Andy Burnham: “We can afford it.” An open letter signed by 120 millionaires asked the new Prime…...
Iran war keeps Bank of England interest rates at 3.75%
2+ mon, 3+ week ago (144+ words) THE Bank of England is expected to hold interest rates at 3.75 per cent on Thursday due to the inflationary pressures from the Iran war. Rates had been gradually coming down from a peak of 5.25 per cent in a bid to…...
Vietnam’s economic transformation reaches a turning point
3+ mon, 4+ day ago (877+ words) Associate Professor BUI QUANG TUAN explains how modernisation and growth are helping to unlock new foreign investment in the Vietnamese economy Nearly two decades after leaving office, the former PM is still trumpeting the same futile militarism and failed free…...
Unions warn of ‘calm before the storm’ as inflation falls | Morning Star
3+ mon, 2+ week ago (363+ words) UNIONS have warned that the fall in inflation to its lowest level in more than a year is the “calm before the storm,” as workers continue paying the price of the economic crisis. The Office for National Statistics said Consumer…...
British billionaires double as workers squeezed
3+ mon, 3+ week ago (381+ words) THE number of billionaires in Britain has doubled since 2010, while living standards for ordinary workers have been squeezed, according to a TUC analysis of the Sunday Times Rich List. There were just nine billionaires when the list began in 1989 — there…...
The labour movement must demand more than subsidies
4+ mon, 1+ day ago (587+ words) TO SEE how contemporary monopoly capitalism goes about its business, consider the giant Tata conglomerate. The Indian-based company owns JLR cars as well as Tata Steel in Britain, not to forget Tetley tea. Its main business, however, seems to be…...