Author: News Desk

The Guardian – Power giants to face windfall tax after all as Truss delivers U-turn Summary of the front page Power companies generating electricity from renewable and nuclear sources are to have their revenues capped in England and Wales, The Guardian reports. The paper calls it “another screeching U-turn” adding, PM Liz Truss has previously rejected calls to cap huge profits made by firms. But the Department of Business, Energy and Industrial Strategy argues that the measure differs from a windfall tax as it applies to excess revenues – not all profits. Today’s top stories Like this article? Leave a…

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Statement counters claims the institution was considering an extension The Bank of England has insisted it is ending its emergency bond-buying programme on Friday as planned, countering claims it was considering an extension, and expects pension funds to raise extra cash in time protect against future shocks. A £65bn intervention by the Bank has failed to quell turmoil on the bond markets, with the value at which government debt trades continuing to fall. Continue reading… ​Statement counters claims the institution was considering an extensionThe Bank of England has insisted it is ending its emergency bond-buying programme on Friday as planned,…

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The Independent – No 10 orders review of tax cuts as warnings grow Summary of the front page The Independent’s front page leads on two stories. The paper says the PM is wavering on tax cuts set out in the mini-budget and is considering another U-turn amid pressure from the markets and the public. The front page image is of school children in east London – along with the newspaper’s campaign to “free meals to hungry children.” Today’s top stories Like this article? Leave a comment UK National newspapers Previous Next

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Overall blood stocks in England are at 3.1 days but levels of O-type have fallen to less than two days The NHS has declared its first-ever amber alert after blood supplies fell to a critically low level. An NHS Blood and Transplant official confirmed to the Guardian that overall blood stocks in NHS England were at three days and levels of O-type had dropped to less than two days. A statement will be issued shortly, the official said. Continue reading… ​Overall blood stocks in England are at 3.1 days but levels of O-type have fallen to less than two daysThe…

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Shares slide after developer warns of ‘less certain’ outlook as housing market hit by jump in borrowing costs Barratt Developments has reported a slump in reservations of new homes in recent weeks, as the housing market is hit by economic uncertainty and rising mortgage rates. Shares in Britain’s largest housebuilder tumbled by as much as 8% in early trading on Wednesday, the biggest faller on the FTSE 100, and dragged down the share prices of its housebuilding rivals after it warned of a “less certain” outlook. Continue reading… ​Shares slide after developer warns of ‘less certain’ outlook as housing market…

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