Monday, September 1

Politics

Plunge in worth of Treasury bond fund may value £8,900 for each family in UK, Labour says
Politics

Plunge in worth of Treasury bond fund may value £8,900 for each family in UK, Labour says

The plunge within the worth of a Treasury bond fund may value £8,900 for each family within the UK, Labour has claimed.The Opposition has accused the federal government of "complacency" and "recklessness" after the losses had been "slipped out" within the Treasury's annual accounts. A fund referred to as the Asset Purchase Facility, administered by the Bank of England and launched in 2009, was a £73.6bn asset on the federal government's steadiness sheet as not too long ago as 2020.But resulting from rising inflation and rates of interest, in addition to the disastrous mini-budget underneath Liz Truss and Kwasi Kwarteng's management, the fund's worth has plummeted to change into a £177.6bn legal responsibility - a cumulative lack of £251bn. ...
First Minister Humza Yousaf orders overview over £14.2m Scottish civil service financial institution card spend
Politics

First Minister Humza Yousaf orders overview over £14.2m Scottish civil service financial institution card spend

Humza Yousaf has ordered a overview of Scottish authorities financial institution card spending by civil servants.The first minister introduced the transfer after it was revealed £14.2m of taxpayers' money was spent by Scottish civil servants in three years. The spree included nearly £10,000 on VIP airport upgrades and greater than £32,000 on team-building workouts.Other purchases by senior employees included yoga lessons, nail polish, and £4,182 for hospitality and resort lodging on the five-star Gleneagles Hotel in Perthshire.Wellington boots "for inspections", China crockery for a gathering room, and a employees member's driving idea check have been additionally paid for by way of the credit score card-style playing cards. The Scottish authorities mentioned it can't touch ...
Diane Abbott accused of ‘exploiting tragedy’ in now-deleted tweet over migrant deaths
Politics

Diane Abbott accused of ‘exploiting tragedy’ in now-deleted tweet over migrant deaths

Diane Abbott has been accused of exploiting the deaths of 41 migrants in a shipwreck off Italy in a now-deleted tweet in regards to the tragedy.The MP for Hackney North and Stoke Newington, who's at present suspended from the parliamentary Labour Party, tweeted a hyperlink to an article in regards to the deaths earlier immediately, and wrote: "These migrants have indeed f***** off. To the bottom of the sea."Ms Abbott despatched the tweet at 3.33pm, and it was deleted simply over an hour later.Forty-one migrants had been killed within the shipwreck off the island of Lampedusa in Italy after a big wave apparently flipped the vessel. There had been solely 4 survivors. Image: The tweet was deleted after simply over an hour ...
Mark Drakeford: Wales’s First Minister to give up Senedd at subsequent election
Politics

Mark Drakeford: Wales’s First Minister to give up Senedd at subsequent election

The first minister of Wales has stated he'll give up the Senedd on the subsequent election, Sky News understands.Mark Drakeford has been the Senedd member for the constituency of Cardiff West since 2011. He has beforehand indicated he'll step apart as first minister earlier than the subsequent election in 2026.But the senior Labour determine has now confirmed he'll go away Welsh politics.The announcement comes after Mr Drakeford stated the Welsh authorities was dealing with its "toughest financial situation" since devolution. He stated ministers would spend the summer season contemplating the place financial savings could possibly be made however his authorities would prioritise public providers whereas "targeting support" at those that want it most. ...
Conservative peer and Boris Johnson ally Zac Goldsmith ‘very tempted’ to assist Labour at subsequent basic election
Politics

Conservative peer and Boris Johnson ally Zac Goldsmith ‘very tempted’ to assist Labour at subsequent basic election

A Conservative peer and former Tory minister has stated he's "very tempted" to assist Labour on the subsequent election. Lord Zac Goldsmith - who stop Rishi Sunak's authorities in protest at its place on local weather change - stated his get together doesn't have a "clear answer" to the "biggest challenge we've ever faced". While he's "desperately hoping" the Conservatives come to their senses, he stated he's significantly weighing up switching his allegiance to the opposition.However, he desires to listen to extra about what Labour will do to guard the "natural environment", which he stated was a "blind spot" in relation to their local weather insurance policies.He informed BBC's HARDTalk programme: "The easy fact is there is no such thing as a pathway to internet zero, ther...