Author: News Desk

Mini-budget U-turn on the table, Chancellor flies home Chancellor Kwasi Kwarteng is cutting his trip to the US short to return home for urgent talks in No 10, a U-turn over the mini-budget is on the table. PM Liz Truss has been facing a wave of backlash since the mini-Budget and there have been calls for her to change her economic plans to reassure markets and her party. The chancellor is expected to arrive back on Friday for talks with the PM and Tory MPs. Speaking about the change in his travel plans, a source close to Mr Kwarteng said…

Read More

Postal service expects operating loss of about £350m in year to end of March, which could rise to £450m Royal Mail said it may need to cut up to 10,000 roles by next August, blaming strike action by its workers and the continuing decline of its core business. In an unscheduled trading update a day after Royal Mail workers staged a 24-hour strike over pay and conditions, the company said thousands of roles would have to go because of damage and disruption caused by industrial action, as well as declining parcel volumes. Continue reading… ​Postal service expects operating loss of…

Read More