• Mar. Jul 8th, 2025

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  • Government considers wealth tax following call from former Labour leader Lord Kinnock

Government considers wealth tax following call from former Labour leader Lord Kinnock

The government has declined to rule out a «wealth tax» after former Labour leader Neil Kinnock called for one to help the UK’s dwindling finances. Lord Kinnock, who was Labour…

Trump announces delayed ‘liberation day’ tariffs on first nations | Money News

Donald Trump has revealed hefty trade tariffs against at least seven countries, to be applied from 1 August. The initial announcement, via his Truth Social platform, concerned Japan and South…

Tesla shares drop as Musk launches political party

Shares in Elon Musk’s Tesla have seen a significant reversal due to renewed concerns about his focus on the company’s recovery while also being at odds with Donald Trump. The…

What happens to your pension savings when you pass away?

The fate of your pension savings after your passing is determined by various factors such as your retirement status, pension type, marital situation, and nominated beneficiaries. Understanding this process can…

Post Office scandal victims demand independent control of redress schemes | UK News

Post Office scandal victims are urging for redress schemes to be completely removed from government control, as the public inquiry prepares to release its initial findings. Phase 1, set to…

Hyperlayer nears £30m funding boost led by CDAM

A British fintech which counts Standard Life among its key clients is close to finalising one of the industry’s biggest funding rounds so far this year. Sky News understands that…

Ryanair increases underseat bag size by 20% following EU proposals

Ryanair is increasing its underseat bag allowance by 20% after the EU set out proposed new laws for more free baggage. The budget airline currently allows people a «personal bag»…

Octopus Energy plans £10bn demerger of tech arm Kraken

Octopus Energy Group, Britain’s largest residential gas and electricity supplier, is planning a £10bn demerger of its technology arm that would solidify its position as one of the most valuable…

Chancellor Rachel Reeves confirms readiness for role, following tearful PMQs

The chancellor has said she was having a «tough day» yesterday in her first public comments since appearing tearful at Prime Minister’s Questions – but insisted she is «totally» up…

Official Receiver secures crucial oil supply deal with Glencore

The Official Receiver has reached a deal with the commodities trading giant, Glencore, that will ensure supplies of crude oil to the ailing Lindsey refinery following its owner’s collapse this…

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Every mobile phone in the UK will receive an emergency alert as the government tests the system nationwide. During this second test, approximately 87 million mobile devices will ring out unprompted. The test is scheduled to occur at 3pm on Sunday 7 September. Phones will vibrate and emit a loud siren sound for roughly 10 seconds, even if they are set to silent. A message will appear on phone screens stating that it is only a test and no action needs to be taken. The test message is expected to say: «This is a test of Emergency Alerts, a new UK government service that will warn you if there’s a life-threatening emergency nearby. In a real emergency, follow the instructions in the alert to keep yourself and others safe. Visit gov.uk/alerts for more information. This is a test. You do not need to take any action.» The government is conducting this test to ensure the system is functioning optimally and to familiarize the public with the alerts. Since the first national test in April 2023, the system has been used for real emergencies, including warnings about adverse weather events and the movement of unexploded bombs. Critics have raised concerns about the potential risks of these alerts, including distractions for drivers and the safety of domestic violence victims who may possess secret phones. Chancellor of the Duchy of Lancaster, Pat McFadden, emphasized the importance of this test as a crucial communication tool between the government and the public. All mobile phones will now be equipped to receive emergency alerts, including important information on when the alert will be sent and the content of the message. This feature will ensure that all individuals are promptly informed of any urgent situations and can take necessary actions to stay safe.