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The UK Treasury has announced an additional £500 million for social housing, aiming to deliver 5,000 new homes. This funding is part of a broader strategy to address the housing crisis and support Labour's goal of building 1.5 million homes by 2029. The budget also includes measures to stabilize rent increases for social landlords.
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Chancellor Rachel Reeves' recent budget, which includes significant tax hikes and increased borrowing, has led to market instability, with rising government bond yields and a falling pound. Despite reassurances from Treasury officials, comparisons to Liz Truss's previous economic turmoil have emerged.
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The UK government's planned increase in National Insurance contributions from April 2025 is raising concerns among GP practices and care providers. The rise could lead to significant financial strain, potential staff redundancies, and reduced patient care, prompting calls for government support to mitigate the impact on healthcare services.
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The UK government approved a controversial budget that includes increased national insurance contributions, a new tax on vapes, and significant NHS funding. Critics, including Conservative MPs, have raised concerns about inheritance tax changes affecting farmers, while the fiscal watchdog revealed errors in previous debt forecasts, complicating the Chancellor's financial strategy.
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Following Donald Trump's election win, UK leaders have expressed mixed reactions. Prime Minister Keir Starmer congratulated Trump, emphasizing the importance of the UK-US relationship, while others voiced concerns about the implications for marginalized communities in the US. The political landscape in the UK is shifting as leaders navigate their responses to Trump's return.
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As the UK Labour Party prepares for a crucial vote on assisted dying legislation scheduled for November 29, internal divisions have surfaced. Key figures, including Harriet Harman and Wes Streeting, express conflicting views on the bill's implications for NHS resources and moral considerations, complicating the party's stance.