Reeves 'must get balance right' on debt rules, says NatWest CEO
The Guardian|October 26, 2024
Rachel Reeves must "get the balance right" when announcing changes to Britain's debt rules next week, given the potential knock-on effects to borrowing and mortgage rates, the boss of NatWest has warned.
Kalyeena Makortoff
Reeves 'must get balance right' on debt rules, says NatWest CEO

The bank's chief executive, Paul Thwaite, said markets would be sensitive to the chancellor's reasons for releasing up to £50bn of borrowing headroom in her maiden budget next Wednesday after she said she was planning to rewrite her fiscal rules.

Thwaite said it was not a surprise that the Labour government was seeking to change the way public debt is measured in order to boost its spending power. He noted that Britain had had "many different fiscal frameworks in recent years".

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Money Hacks How young people can cash in on discounts... or go free
The Guardian

Money Hacks How young people can cash in on discounts... or go free

There are regional schemes that offer cheap or free travel to young people. In London, travel on buses is free with a 16+ Zip Oyster photocard, rather than £1.75 a trip, and you get 50% off adult pay-as-you-go fares on the tube, DLR and London Overground until 30 September in the year after your 18th birthday. If you are 19 and turned 18 before 31 August, live in Greater London and are in the sixth form, college or training, you are still eligible for the concession.

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4 mins  |
October 26, 2024
Q&A How to warm up and keep bills down this winter
The Guardian

Q&A How to warm up and keep bills down this winter

With the return of darker evenings this weekend and the heating coming on, Zoe Wood puts your energy questions to our experts

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6 mins  |
October 26, 2024
Reeves 'must get balance right' on debt rules, says NatWest CEO
The Guardian

Reeves 'must get balance right' on debt rules, says NatWest CEO

Rachel Reeves must \"get the balance right\" when announcing changes to Britain's debt rules next week, given the potential knock-on effects to borrowing and mortgage rates, the boss of NatWest has warned.

time-read
2 mins  |
October 26, 2024
Warm welcome Washington visit gives the chancellor a boost ahead of budget
The Guardian

Warm welcome Washington visit gives the chancellor a boost ahead of budget

Speaking in Washington on Tuesday, the chief economist of the International Monetary Fund suggested he was relaxed about higher debt levels to fund public investment.

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4 mins  |
October 26, 2024
The Guardian

Car loan users win milestone legal challenge against lenders

Consumers have won a landmark car finance mis-selling case, in a development that could pave the way for companies to be forced to pay billions of pounds in compensation to borrowers.

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1 min  |
October 26, 2024
The Guardian

Brexit raises cost of energy from EU by £370m a year

Brexit has added up to £370m a year to the price of power supplies from Europe, according to industry representatives. They calculate the total energy costs of leaving the EU could amount to £10bn by the end of the decade.

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1 min  |
October 26, 2024
Beleaguered Thames Water pushes to secure £3bn lifeline
The Guardian

Beleaguered Thames Water pushes to secure £3bn lifeline

Thames Water is racing to secure a £3bn lifeline as the struggling water company battles for financial survival.

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2 mins  |
October 26, 2024
'Unjust threat' Murdoch joins artists in fight against AI firms' content use
The Guardian

'Unjust threat' Murdoch joins artists in fight against AI firms' content use

It is an unlikely alliance: the billionaire media mogul Rupert Murdoch and a panoply of leading artists including Radiohead singer Thom Yorke, actor Julianne Moore and author Kazuo Ishiguro. This week both began very public fights with artificial intelligence companies, accusing them of using their intellectual property without permission to build the increasingly powerful and lucrative new technology.

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4 mins  |
October 26, 2024
Weather forecasts How the climate crisis is challenging meteorologists
The Guardian

Weather forecasts How the climate crisis is challenging meteorologists

Why do TV and radio forecasts rarely contextualise extreme weather events in terms of the climate crisis?

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3 mins  |
October 26, 2024
Core value Appeal to save first bramley apple tree
The Guardian

Core value Appeal to save first bramley apple tree

It is the mother tree of perhaps the most popular cooking apple in the world. But the original Bramley apple has been neglected and barred from public view, according to descendants of the gardener who discovered it.

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2 mins  |
October 26, 2024