Category: labour
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Labour to attract global investors at early October summit
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Sir Keir Starmer is due to present Labour’s investment agenda to global financial leaders at a conference in early October, aiming to attract tens of billions of dollars in foreign capital. The summit, scheduled for around October 8, is in line with Labour’s pledge to host the event within 100…
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Strategies to navigate potential labour tax changes
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Throughout the general election campaign, Labour officials insisted there were “no plans” to raise taxes beyond the pledges made in their election manifesto. However, given the fragile state of the country’s finances, the wealthy and their advisers are expecting future tax increases now that the party has taken control of…
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Shops and restaurants poised for consumer spending boost with labour win and major sports events
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Retailers and the hospitality sector are bracing for a huge increase in consumer spending as Labour’s latest election victory coincides with a big weekend of sporting events, including England’s Euro 2024 match and Andy Murray’s potential final appearance at Wimbledon. Businesses across the UK are set to benefit from a…
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US economy adds 206,000 jobs in June as labour market shows signs of cooling
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The U.S. economy added 206,000 jobs in June, indicating a slight slowdown in the labor market, according to the latest data from the Bureau of Labor Statistics. The figure was closely in line with economists’ expectations and represented a modest decline from the revised 218,000 jobs added in May. The…
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UK’s Labour sweeps to power as Rishi Sunak concedes election defeat
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Keir Starmer will be Britain’s next prime minister, and his Labour Party is expected to win a large majority in the parliamentary election, ending 14 years of often turbulent Conservative government by defeating Rishi Sunak’s party. While there are still many results to be announced from Thursday’s vote, the centre-left…
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Labour Appeals to Tata Steel to Postpone Port Talbot Closure Amid Strike Threat
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Labour politicians are calling on Tata Steel to refrain from making irreversible decisions before next week’s general election. The Indian company recently announced that it plans to accelerate the closure of blast furnaces at its Port Talbot plant due to an impending industrial strike. Tata Steel, Britain’s largest steelmaker, has…
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Revolt Against Keir Starmer’s Labour by Long-Time Backers Puts Top Team Stars at Risk
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Breadcrumb Trail Links PMN Business Birmingham resident Johur Uddin has always voted Labour. But with the UK opposition party on the cusp of a potentially record election victory next week, the 56-year-old consultant says he’ll break with the habit of a lifetime on July 4 and mark his ballot paper…
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Labour Could Cut Taxes by £16bn, Say Economists
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Economists from Capital Economics predict that Labor could benefit from a £16bn spending boost if it wins the next general election, thanks to updated forecasts from the Office for Budget Responsibility (OBR). This potential financial boost is almost double the £8.9bn announced in the March Budget. Rachel Reeves, Labour’s shadow…
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Crypto leaders redirect focus to the UK Labour Party ahead of elections
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As the UK prepares for snap elections on the 4th of July, the cryptocurrency industry is strategically turning its attention towards the Labor Party, led by Keir Starmer. This redirection, as mentioned By Bloomberg It comes amid widespread uncertainty over the future of cryptocurrency regulation in the UK, following Prime…
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Crypto leaders redirect focus to the UK Labour Party ahead of elections
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As the UK prepares for snap elections on the 4th of July, the cryptocurrency industry is strategically turning its attention towards the Labor Party, led by Keir Starmer. This redirection, as mentioned By Bloomberg It comes amid widespread uncertainty over the future of cryptocurrency regulation in the UK, following Prime…
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Labour to Tackle Private Equity Tax Loophole in Election Manifesto
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Labor is set to announce measures to close a major tax loophole that currently allows thousands of private equity investors to avoid paying income tax. The initiative will be a key feature of the party’s general election manifesto, which is expected to be unveiled this week. Currently, gains from private…
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Surge in Loan Enquiries for Private School Fees Amid Potential Labour Tax Reforms
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The number of inquiries for loans to help pay private school fees has risen by a quarter, according to the School Fees Scheme. The company, which helps parents by paying school fees in advance and allowing payment in monthly installments, saw a significant increase in interest compared to the same…
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Labour to Make Mortgage Guarantee Scheme Permanent for First-Time Buyers
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Labor has announced plans to permanently extend the mortgage guarantee scheme, initially introduced by the Conservatives in 2021 under then-Chancellor Rishi Sunak, if they win the next general election. The scheme, designed to support low-deposit mortgages for first-time buyers, was recently extended until July next year by current chancellor Jeremy…
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Mark Carney Rules Out Role in Future Labour Government
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Former Bank of England Governor Mark Carney has categorically ruled out any role in a future Labor government. When asked about the possibility of an official position or whether he had received any offers, Carney laughed and replied: “My time in officialdom in the UK is over.” Carney, who led…
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UK Households with No Work Reach 12-Year High Amid Labour Crisis
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The number of UK households in which no adult is working has reached a 12-year high, highlighting a deepening jobs crisis that experts warn is stifling Britain’s economic growth. In the first quarter of this year, there were 269,000 non-student households in which no adult was employed at all, the…
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Labour Could Cancel Train Contracts Early if Elected
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Britain’s privately owned train operators could start taking back control of their networks as early as July 5 if Labor wins the general election. Boris Johnson’s vision for a new Great British Railway to replace the privatized concession system has been halted by the dissolution of Parliament due to a…
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Labour to Impose Immediate Tax on Private School Fees, Says Starmer
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Labor leader Sir Keir Starmer has announced that a Labor government will quickly introduce taxes on private school fees. Speaking on BBC Radio 4’s Today programme, Starmer confirmed that the VAT exemption that private schools currently enjoy would be removed “as quickly as it can be done”, leading to a…