BT cuts almost 8,000 jobs amid sweeping cost-saving programme

The telecoms group said its workforce had fallen by 7,731 to 90,000, excluding staff in its international business, which is being spun out in a joint venture with the US telecoms company Verizon. It had a workforce of…

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Debt of poorest countries at record $9.4tn high, World Bank data shows

The UK government is preparing to champion a "new drive on debt" as part of its presidency of the G20 next year – a move the prime minister, Andy Burnham, has linked to confronting the legacy of slavery. In its annual…

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Guidance: Change in bonus rates for Save As You Earn (SAYE) share option schemes

Get emails about this page Documents Bank of England bank rates for Save As You Earn (SAYE) share option schemes HTML Details Both the 3-year and 5-year rates for Save As You Earn ( SAYE ) share option schemes will…

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Receive goods into and remove goods from an excise warehouse (Excise Notice 197)

Get emails about this page Print this page Contents 1. Overview 2. Excise Movement and Control System (EMCS) 3. If EMCS is not available 4. Guarantee requirements for excise duty-suspended movements 5. Simplified…

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Policy paper: Budget 2026: Overview of tax legislation and rates (OOTLAR)

Get emails about this page Documents Budget 2026 — Overview of tax legislation and rates (OOTLAR) HTML Annex A: rates and allowances HTML Annex B: impact assessments in tax information and impact notes HTML Details This…

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Bank of England hikes interest rates to four per cent as inflation set to spike

The Bank of England has raised interest rates to four per cent as all policymakers agreed to tighten monetary policy in a bid to stop inflation from spiralling in the next year. The Bank’s Monetary Policy Committee hiked…

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Faisal Islam: How high will interest rates go?

The question is how many? There is a split on the rate-setting committee here. Three of the nine voting members referred to "rises" plural. One member voted for a bigger increase, to 4.25%. Three referred to just one…

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Microsoft swerves multibillion-dollar Nscale data centre expansion

The US tech giant decided not to take up an option to more than double the computing capacity it rents from the Nvidia-backed company at a site in Texas. However, the decision was made several months ago, a source…

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Interest rate rise in midst of cost of living crisis will leave many incredulous

Many people will be incredulous when they hear of the decision to increase the cost of borrowing by 0.25 percentage points, looking around their neighbourhood for signs of a booming economy. The official figures show the…

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A&O Shearman lawyers set to sacrifice billable hours to build AI tools

The magic circle firm said on Thursday it has committed $1.1bn (£816m) over five years to reflect “a firm-wide step change, enabled by AI, in how legal work is designed and delivered to clients and in how the firm trains…

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