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Chancellor Rachel Reeves' recent budget has sparked significant criticism and market reactions, with rising gilt yields and concerns over Labour's fiscal policies. The budget's tax increases and spending reforms have raised fears of economic stagnation, impacting the housing market and investor confidence as job losses loom in various sectors.
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Chancellor Rachel Reeves delivered Labour's first Budget on October 30, 2024, addressing a £40 billion fiscal shortfall. The Budget included significant tax hikes and spending cuts, with a focus on addressing the economic challenges stemming from Brexit and the pandemic. The government's approach has sparked debate over austerity measures and their impact on public services.
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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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On Bonfire Night, significant disorder erupted in Edinburgh and Glasgow, with police and emergency services targeted by fireworks and projectiles. Despite a reduction in serious incidents compared to last year, police are investigating and making arrests. Community safety measures are under review following the events.
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Sue Gray, former chief of staff to Prime Minister Keir Starmer, has decided not to take up the role of envoy to the nations and regions. This decision follows a tumultuous period marked by media scrutiny and internal government tensions. Gray's departure raises questions about the future of the position and Starmer's leadership.
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As mass protests loom against the government's inheritance tax changes, Prime Minister Sir Keir Starmer is set to defend his Budget in a speech in Wales. Farmers are preparing for a week-long strike, while Chancellor Rachel Reeves aims to reassure the business community with plans for financial reforms.
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A BBC documentary reveals evidence of government misconduct regarding the health impacts of nuclear tests on veterans. Families claim a legacy of medical issues, prompting calls for investigations and accountability from senior officials, including Defence Secretary John Healey. The film airs on BBC2 on November 20, 2024.