Sadiq Khan urges banks to stay in London as tax raid looms

On Monday, the Mayor of London said the City’s banking sector is “really important” but refused to say whether he opposed the tax raid, adding that “those with broader shoulders carry the greatest burden”. Chancellor…

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Healey’s state pension shield could create ‘messy £200m cliff edge’

The plans to shield them from income tax was first announced by then chancellor Rachel Reeves in last year’s Budget and the policy is expected to run until the end of this Parliament. Healey is anticipated to confirm…

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Oxford Street pedestrianisation is a win for London

Almost a kilometre of the nation’s high street, from Orchard Street to Great Portland Street, will be closed to all traffic, including buses and taxis. After years of debate, it happens just in time for the busiest…

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Anthropic’s Claude AI model accessed Georgia voter data in US

The AI model managed to bypass a paywall to reach data that is publicly available but is typically accessible only after paying a fee. Claude accessed aggregate vote counts as part of a statistics project at Anthropic…

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Correspondence: Government response to SSAC Occasional Paper 27: The influence of the social security system on educational and vocational decision-making at age 16

Get emails about this page Documents Response to Social Security Advisory Committee (SSAC’s) report on: The influence of the social security system on educational and vocational decision-making at age 16 HTML Letter from…

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Andy Burnham doesn’t listen to anyone but himself

Signs are emerging that this is a government which doesn’t listen at all, says Eliot Wilson This week will see Chancellor John Healey deliver his Budget. At 66, he will be the oldest Chancellor of the Exchequer to…

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Salon owners urge Budget VAT cut as staffing pressures grow

Rising costs are making it harder for businesses to employ staff and invest in apprenticeships, he says, while more salons are turning to self-employed models to survive. "Seeing salons close on the high street is very…

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European gas prices soar to four-year high over winter supply fears

Wholesale gas prices hit €97 (£81) a megawatt-hour on Monday, as temperatures across Europe fell and traders priced in stronger demand for heating. The UK's month ahead contract also rose by 4% to 240p a therm, its…

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Healey to shield low-income pensioners from income tax in the Budget

The full, flat-rate state pension is expected to increase by 3.9% to £13,036.40 a year from April. This would take the payment above the £12,570 personal tax allowance and therefore be liable for income tax if no changes…

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Healey must beware the ripple effects of Britain’s messy tax system

However, before we look for more ways to tax wealth, we need to make sure we aren’t discouraging people from creating it in the first place. If we want a prosperous economy, we need people to work, save, invest, build…

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