Author: 5hspx
PennsylvaniaChancellor Rachel Reeves will need to spend billions of pounds more to deliver on the government's pre-election promises, according to calculations by the influential think tank Institute for Fiscal Studies (IFS).The government has promised not to return to “austerity” in public services and to stimulate public investment, intended to revive growth.But to deliver on these commitments, the chancellor will need to “seize the moment” and propose an extra £16 billion on top of the £9 billion in tax increases set out in the Labor manifesto, the IFS said.The Chancellor is currently finalizing the details of her first Budget, which will…
Getty ImagesA planned overhaul of workers' rights would give millions of people the right to claim unpaid parental leave and stronger protection against unfair dismissal from their first day on the job.The government is set to announce details of its proposed employment rights bill, which it says would end the “abusive” use of zero-hours contracts and “fire and rehire” practices.Deputy Prime Minister Angela Rayner described this as “the biggest improvement in workplace rights in a generation”.The bill includes 28 separate measures to be introduced later, most of which will be subject to further consultation and will not come into force…
Getty ImagesTata led a “salt to software” conglomerate of more than 100 companiesRatan Tata, who has died aged 86, was one of India's most internationally recognized business leaders.The legendary tycoon led the Tata Group – commonly known as a “salt to software” conglomerate of more than 100 companies, employing some 660,000 people – for more than two decades. Its annual revenues exceed $100 billion (£76.5 billion).Founded by Jamsetji Tata, a pioneer of Indian business, the 155-year-old Tata Group straddles a business empire spanning from Jaguar Land Rover and Tata Steel to aviation and salt pans.The company's philosophy “tethers capitalism to…
Getty ImagesAfter a torrid few weeks, Labor now has the opportunity to take the lead and deliver on a major election promise.The government will keep its promise to introduce workers' rights legislation within 100 days.But in some cases, employees will have to wait almost 1,000 days to benefit from new rights.The new jobs bill, due to be released on Thursday, will reportedly be 150 pages long.But despite the length, many devilish details have yet to be decided.Keir Starmer's “changed” Labor Party has promised to be both pro-worker and pro-business.Trying to achieve this balance will require further consultation on some of…
Rachel Reeves plans to change borrowing rules to free up billions of pounds more for big projects in the next Budget.The chancellor has pledged to stick to a self-imposed rule: to see the debt – the total amount owed by the government – fall as a proportion of the economy within five years.She is now deciding how to change the way debt is measured to create more room for long-term investments.This change will not prevent further tax increases when Reeves announces his tax and spending plans on October 30.The government's commitment to funding all day-to-day spending with tax revenue means…
Herald of New Zealand The family was spotted by a group of pig hunters during a chance encounterA New Zealand father who disappeared with his three children in the country's wilderness three years ago has been seen publicly with them for the first time in years.A national search has been underway for Tom Phillips since he took Ember, 8, Maverick, 9, and Jayda, 11, away from their family home in December 2021, after an argument with their mother.Police believe they were hiding and camping in the Waikoto area, west of the North Island, and earlier this year issued an NZ$80,000…
The outgoing Post Office boss said his leaders were “partly in denial, partly in paralysis” over problems with the computer system behind the unjustified prosecution of hundreds of sub-postmasters during his arrival in 2019.Nick Read said bosses were instead focused on the company's financial performance, adding he was not briefed on the “scale and enormity” of the Horizon IT scandal.He told an inquiry that when a High Court judgment was handed down revealing serious bugs, errors and flaws in the Horizon system, there was “no urgent call or panic discussion” among senior leaders.He agreed with one lawyer's suggestion that bosses…
A Nepalese teenager has broken the world record for the youngest mountaineer to climb Earth's 14 highest peaks.Nima Rinji Sherpa, 18, stood atop Mount Shishapangma in Tibet around 6:05 a.m. local time on Wednesday.In doing so, he became the last of a few dozen people to have climbed the world's “eight thousand,” the 14 mountains that the International Mountaineering and Climbing Federation (UIAA) recognizes as rising above 8,000 meters. altitude.Sherpa, who started climbing high altitude mountains at the age of 16, climbed the eight thousand in 740 days.He reached the summit of Nepal's Manaslu, the eighth highest mountain in the…
GitHubPeter Todd – photo from his GitHub pageA new documentary claims to have solved cryptocurrency's biggest mystery: the true identity of Bitcoin's inventor.The question has captivated the Internet since the launch of the digital currency by an unknown person or persons calling themselves Satoshi Nakamoto in 2009.Now, the makers of an HBO film say they finally have the answer: Canadian cryptography expert Peter Todd.The only problem with this theory: Mr. Todd called it “ridiculous.”In Money Electric: The Bitcoin Mystery, Peter Todd is confronted by filmmaker Cullen HobackMr. Hoback shows him his evidence and asks if he was behind this now…
BBCVillagers packed a public meeting to protest against EDF's plans to flood land to compensate for fish kills at Hinkley PointHow many fish does a nuclear power plant kill?It sounds appalling, but for engineers on the Somerset coast who are building Britain's first nuclear power station in a generation, it's an urgent question.And for conservationists and villagers on the banks of the River Severn in Gloucestershire, it has become such an urgent issue that they have packed a village hall to debate it.Proposals for the seawater cooling system at Hinkley Point C will result in 44 tonnes of fish being…