Category: Finances
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Sterling tumbles as bond yields soar, fanning fears over UK public finances
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The British pound suffered its biggest three-day drop in nearly two years this morning, as investors continued to unload British government debt and turn to the US dollar. By early trading, the pound fell 0.9 percent against the dollar to $1.226, briefly touching its lowest level since November 2023. The…
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IMF urges Rachel Reeves to raise taxes and rein in spending to stabilise UK public finances
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The International Monetary Fund has called on Chancellor Rachel Reeves to introduce tax rises and tighten government spending in the next budget, warning that delaying such measures could worsen the UK’s fiscal problems. In a previously released section of the *Comptroller* report, the Washington-based organization highlighted the UK and US…
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Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances By Reuters
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Written by Alison Lambert and David Shepardson (Reuters) – Boeing Co plans to cut 17,000 jobs – 10% of its global workforce – delaying the first deliveries of its 777 – Long strike. CEO Kelly Ortberg said in a letter to employees that the significant downgrade was necessary “to adjust…
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‘Significant action’ needed to stabilise UK finances, warns OECD
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The OECD has warned that “significant action” is needed to stabilise the UK’s public finances, and urged Chancellor Rachel Reeves to reform fiscal policy. The OECD recommends abolishing stamp duty, reducing the triple pension lock and modernising the council tax system. The report highlights the growing financial pressures from healthcare,…
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Streamline your business’ finances with automated accounting software
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Breadcrumbs Path Links Business Basics This package offers courses in Excel, Xero and more. Published on August 9, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in if you have an account. Image from StackCommerce Article Content Reviews and recommendations…
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How automation can help manage your business finances
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There is no doubt that AI adoption is here and perhaps more widespread than you thought. Search from Equals money of UK financial decision makers have found that More than three quarters (77%) It is already actively adopting or experimenting with AI in its operations. So, what role can AI…
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Capital Power carbon capture plan beset by finances, tech: analysts
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Breadcrumb links oil and gas energy Goods Genesee was supposed to store three million tons of carbon dioxide per year, about three times what the Shell project stores Article writer: Canadian Press Bob Weber Published on May 3, 2024 • 3 minute read You can save this article by registering…