Scrap national insurance rise, says ex-minister David Davis

Former Brexit secretary last week called for Boris Johnson to resign over alleged breaches of Covid rules Former Conservative Cabinet minister David Davis has called for the planned tax rise hitting national insurance contributions to be scrapped as a cost-of-living crisis looms, adding further pressure on the government. National insurance contributions, which are paid […]

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Banknote maker De La Rue in Covid-19 profit warning; markets on edge – business live

Rolling coverage of the latest economic and financial news Banknote maker says Covid-19 headwinds have increased Omicron and Delta variants push up employee absences Markets worry about Federal Reserve, and Ukraine Fears grow that US action on inflation will trigger debt crisis Defenestrated dentists and burning whisky: insurer reveals weirdest commercial claims Shares in […]

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We can afford to reverse poverty and climate breakdown. What we can’t afford is the alternative | Kevin Watkins

Our global finance system is failing to rise to the challenges we face. It’s time it was reimagined – and grounded in our shared humanity “The peoples of the Earth,” Henry Morgenthau said, “are inseparably linked by a deep underlying community of purpose.” In July 1944, Morgenthau, the US Treasury secretary, was closing the […]

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Britain’s welfare system ‘unfit for purpose’ with millions struggling, experts warn

Two-year study reveals households are being ‘battered again and again’ by an ‘unfit’ welfare state that is in urgent need of reform Britain’s welfare system is “unfit for purpose” and in urgent need of reform, experts warned on Sunday amid fears that millions more families will struggle to make ends meet amid the dual […]

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Minouche Shafik: ‘The idea that you are successful because you are hardworking is pernicious’

The LSE’s director and former Bank of England economist is outspoken over the need for a reset of the wider capitalist system Minouche Shafik seemed destined for the top job at the Bank of England when she arrived in 2014, but becoming the first female governor was not to be. She only spent two […]

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IMF warns China over cost of Covid lockdowns

Hardline approach to pandemic risks damaging global economy, says Kristalina Georgieva Coronavirus – latest updates See all our coronavirus coverage China, the world’s second largest economy, should review its zero-tolerance approach to the pandemic or risk damaging the global recovery, according to the head of International Monetary Fund. Kristalina Georgieva said Beijing should reassess […]

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Energy bills crisis: UK business leaders demand urgent action

CBI, BCC, IoD, Make UK and FSB say ‘rocketing’ charges will delay economic recovery from Covid Five of Britain’s leading business groups have demanded urgent and decisive government help to tackle the UK’s energy crisis, warning failure to act will result in lower investment, an increase in poverty and the risk of an inflationary […]

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