- Lun. Mar 24th, 2025
fifebusinessjournal.co.uk
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Local councils must show proof of pothole repairs or risk losing funding, government warns
National Grid CEO says Heathrow had sufficient power despite shutdown
What is the effect of financial regulations on banking stability?
Third teenager charged in connection with Glasgow schoolboy’s death
Chancellor Rachel Reeves plans to cut £2bn in costs by axing 10,000 civil service jobs, as reported in Politics News. Reeves is confident that these cuts, focused on back office roles, will free up resources for front line services. The spring statement will reveal these spending cuts, ruling out tax rises. However, the FDA union urges honesty about the impact on public services. Reeves acknowledges that the cuts will not be pain-free but emphasizes the need to prioritize better public services. The Chancellor aims to reduce administrative budgets by 10% initially, saving £1.5bn annually by 2028-29, with a further 15% reduction the following year, saving £2.2bn annually. Taxes will not be raised in the upcoming spring statement, as Reeves maintains fiscal rules against borrowing for day-to-day spending. Civil service departments will receive guidance from the Chancellor of the Duchy of Lancaster to implement these changes. Chancellor Rachel Reeves announces plan to cut 10,000 civil service jobs and reduce costs by £2bn
Local councils must show proof of pothole repairs or risk losing funding, government warns
The government is telling local councils they must publish data on how many potholes they have fixed or risk losing their share of an extra £500m set aside for fixing…
National Grid CEO says Heathrow had sufficient power despite shutdown
The chief executive of National Grid has claimed that Heathrow Airport had enough power from other substations despite Friday’s shutdown. Around 1,300 flights were affected after a fire knocked out…
What is the effect of financial regulations on banking stability?
Understanding Financial Regulations: A Key to Banking Stability Financial regulations are essential rules and guidelines established by governments and regulatory bodies to maintain the integrity and stability of the financial…
Third teenager charged in connection with Glasgow schoolboy’s death
A third teenage boy has been arrested and charged in connection with the death of 15-year-old Amen Teklay on a street in Glasgow. Amen, who was an Eritrean refugee, was…
Chancellor Rachel Reeves plans to cut £2bn in costs by axing 10,000 civil service jobs, as reported in Politics News. Reeves is confident that these cuts, focused on back office roles, will free up resources for front line services. The spring statement will reveal these spending cuts, ruling out tax rises. However, the FDA union urges honesty about the impact on public services. Reeves acknowledges that the cuts will not be pain-free but emphasizes the need to prioritize better public services. The Chancellor aims to reduce administrative budgets by 10% initially, saving £1.5bn annually by 2028-29, with a further 15% reduction the following year, saving £2.2bn annually. Taxes will not be raised in the upcoming spring statement, as Reeves maintains fiscal rules against borrowing for day-to-day spending. Civil service departments will receive guidance from the Chancellor of the Duchy of Lancaster to implement these changes. Chancellor Rachel Reeves announces plan to cut 10,000 civil service jobs and reduce costs by £2bn
The chancellor expressed confidence in cutting 10,000 civil service jobs to reduce the budget by more than £2bn, particularly focusing on back office roles to prioritize front-line services. Rachel Reeves…
How do credit default swaps work? A simple guide for beginners
¿Qué son los Credit Default Swaps y por qué son importantes? What are credit default swaps and why are they important? Credit default swaps (CDS) are financial derivatives that allow…
Investigation launched into student loan fraud allegations in UK politics
Fraud experts are set to investigate suspicions thousands of students are fraudulently claiming hundreds of millions of pounds in student loans with no plans to study – or pay the…
STRIKR secures $50m funding for innovative boxing format
A new boxing format which promises to eliminate often-controversial human judging decisions is in talks to raise $50m from heavyweight investors amid a broader shake-up in the funding and marketing…
How do government subsidies affect market competition? Understanding the impact on businesses and consumers
Understanding Government Subsidies: Definition and Purpose Government subsidies are financial aids provided by the government to support economic sectors, promote social welfare, or stimulate certain activities. These subsidies can take…
Average family could be £1,400 worse off by 2030, analysis suggests
The average family could be £1,400 a year worse off by the end of the decade, new analysis suggests. Frozen tax thresholds, rising mortgage and rent costs, and falling real…