Money Moves

France has a massive debt crisis. So why is it spending billions a year subsidising business? | Alexander Hurst

France has a massive debt crisis. So why is it spending billions a year subsidising business? | Alexander Hurst

France is currently navigating a complex economic landscape characterized by a national debt at 114% of GDP and a budget deficit of 5.8% of GDP. Government spending and tax receipts are among the highest globally, which raises questions about the apparent decline in public services. Citizens have expressed concerns regarding labor shortages in healthcare, the […]

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Children as young as 11 tempted to try betting after being ‘flooded’ by celebrity endorsement | Gambling

Children as young as 11 tempted to try betting after being ‘flooded’ by celebrity endorsement | Gambling

Children as young as 11 are reportedly influenced by the promotion of betting by celebrities and sports stars, according to two recent studies. The reports, commissioned by the UK gambling charity GambleAware, found that nearly 90% of children aged 13-17 are exposed to gambling-related content online. In one survey involving 2,100 children aged 11-17, a

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School costs a 'real struggle' for parents in Wales

School costs a ‘real struggle’ for parents in Wales

Vicky Williams, a mother from Caerphilly, has expressed concerns about the financial burden of preparing her children for school, especially regarding uniform and supplies. Williams typically starts budgeting for the upcoming school year around Christmas, feeling anxious about ensuring her children have everything they need. The estimated minimum cost for sending a child to secondary

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Reshuffle gymnastics prepare Starmer to walk tricky budget tightrope | Economics

Reshuffle gymnastics prepare Starmer to walk tricky budget tightrope | Economics

Dan York-Smith, recently appointed by Labour leader Keir Starmer as his principal private secretary, has a background as a qualified international gymnastics judge. This unique skill may prove useful as Labour approaches the challenges associated with Shadow Chancellor Rachel Reeves’s upcoming autumn budget. As the government prepares to increase taxes amidst rising inflation and ongoing

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Nestlé sacks CEO over ‘undisclosed romantic relationship’ | Nestlé

Nestlé sacks CEO over ‘undisclosed romantic relationship’ | Nestlé

Nestlé has terminated the contract of its Chief Executive Officer, Laurent Freixe, following an investigation into an undisclosed romantic relationship with a subordinate, which violated the company’s code of business conduct. The Swiss multinational has appointed Philipp Navratil as Freixe’s successor. Freixe’s departure from the company, where he had worked for 40 years, was the

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The Guardian view on Donald Trump and India: the tariff war that boosted China | Editorial

The Guardian view on Donald Trump and India: the tariff war that boosted China | Editorial

Donald Trump has implemented tariffs, including a recent 50% tariff on Indian oil purchases from Russia, purportedly in reaction to Russia’s conflict with Ukraine. This decision has not led to compliance from India but has instead prompted Indian Prime Minister Narendra Modi to visit China for the first time in seven years, coinciding with the

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Revolut valuation jumps to $75bn with staff set for payout opportunity | Revolut

Revolut valuation jumps to $75bn with staff set for payout opportunity | Revolut

Revolut, a UK fintech company, is set to allow its employees to sell up to 20% of their shares to new and existing investors following a secondary share sale that has increased the company’s valuation to approximately $75 billion (£55 billion). Each share has been priced at $1,381.06 as part of this initiative. This move

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Scotland scraps peak rail fares

Scotland scraps peak rail fares

ScotRail has eliminated peak time ticket prices, prompting discussions about whether similar changes could be implemented across the UK. While some passengers welcome the reduction in costs, experts warn that it could potentially lead to increased prices overall or overcrowding on trains. The peak/off-peak fare system was initially established to manage passenger flow during busy

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