‘Too much bureaucracy,’ Reeves tells regulators
The chancellor has told regulators there is “too much bureaucracy” as she aims to slash red tape to boost economic growth. Rachel Reeves met industry watchdogs on Monday, revealing plans…
Tesco to raise wages by 5% but scrap Sunday bonus
Tesco will lift pay for its store staff by 5.2% but will scrap the extra pay for working on Sunday. The UK’s biggest supermarket chain said the hourly rate will…
Benefits overhaul will be fair, insists Kendall
The work and pensions secretary has insisted her planned overhaul to benefits rules will be fair, as Labour MPs wait for details of expected welfare cuts. Liz Kendall said the…
Two judges order Trump administration to give fired workers their jobs back
Two US judges have ordered several federal government agencies to reinstate the jobs of probationary employees fired en masse by the Trump administration last month. In California, District Judge William…
Musk’s Tesla raises concern over Trump tariffs
Elon Musk’s electric carmaker Tesla has warned it and other US exporters could be harmed by countries retaliating to Donald Trump’s trade tariffs. Mr Musk is a close ally of…
Rachel Reeves insists changes to welfare needed
Rachel Reeves has insisted on the need to “get a grip” on the welfare bill, saying the system is not working for the taxpayer or recipients. The chancellor’s comments come…
Gold price hits $3,000 as trade tensions mount
The price of gold has hit the $3,000 per ounce mark for the first time as demand for the precious metal surges amid economic uncertainty over the impact of a…
Apple encrypted data row hearing begins in secret
Apple’s encrypted data case against the UK government has begun in secret at the Royal Courts of Justice. The Home Office has demanded the right to access data from Apple…
No quick fix to stronger sales, says Asda boss
The boss of Asda has warned there is no “quick fix” to boost the supermarket’s flagging sales as it tries to win back customers from rivals. Allan Leighton, Asda’s executive…
How Britain’s former top banker became Canada’s prime minister
The former Bank of England boss, Mark Carney, became Canada’s prime minister after he was sworn in on Friday. He will need all his experience handling global economic crises as…