Money Moves

A senior official from the Office for Budget Responsibility (OBR) stated that he does not believe Chancellor Rachel Reeves was misleading when she described the state of the public finances as “very challenging” prior to the Budget announcement. Professor David Miles, addressing MPs, noted that Reeves’s comments were “not inconsistent” with the circumstances she faced. […]

The Bank of England has raised concerns about a potential “sharp correction” in the values of major technology firms, particularly amid worries about a possible artificial intelligence (AI) bubble. The central bank’s latest financial stability report states that UK share prices are nearing their highest levels since the 2008 global financial crisis, while equity valuations

Discounted bus tickets are available for travelers in Hull during the Christmas period. The Hull Bus Alliance has introduced a group travel discount that commenced on Monday and will continue until December 31. Stagecoach East Midlands and East Yorkshire Buses are offering the Hull Card Group ticket, which allows up to five people to travel

The Organization for Economic Co-operation and Development (OECD) reports that tax increases and spending cuts in the UK will potentially hinder economic growth. UK inflation is projected to remain high among G7 nations but is expected to decrease. According to the OECD, the UK economy is anticipated to grow by 1.4% this year, with a

Online retailers Shein and Temu are facing scrutiny in the United States following calls from two senior politicians for investigations into allegations of forced labor and intellectual property theft. Texas Attorney General Ken Paxton has initiated a probe into claims that Shein employs forced labor and uses unsafe materials in its products. Meanwhile, Senator Tom

Italian luxury fashion brand Valentino has received criticism for its use of artificial intelligence (AI) in a recent advertising campaign for its DeVain handbag. The campaign, which features collaborations with digital artists, included an AI-generated advertisement on Instagram that has sparked negative reactions from some fans. Critics labeled the visuals as “sloppy” and “sad.” The

Staffordshire County Council has launched the Warm Homes: Local Grant scheme, which aims to assist residents struggling to manage fuel bills. The initiative prioritizes individuals deemed “most vulnerable” and offers free upgrades for heating and insulation to improve home environments for those affected by fuel poverty, cold living conditions, or health issues exacerbated by low

A headteacher expressed gratitude after successfully raising funds to create Christmas hampers for each child at West Earlham Infant and Nursery School in Norwich. The initiative has provided a range of gifts, including books, toys, hygiene products, chocolates, coats, and scarves for every student. The project was led by former teaching assistant Annie Jennings and

Costco has initiated a lawsuit against the U.S. government, seeking a full refund of import duties if the Supreme Court determines that former President Donald Trump exceeded his authority in imposing tariffs without congressional approval. The lawsuit asks a federal trade court to declare Trump’s tariffs illegal, which he did under the International Emergency Economic

Australia’s Communications Minister, Anika Wells, has expressed her determination to uphold the country’s social media ban aimed at protecting children under 16 from accessing various platforms. Set to take effect on December 10, the law mandates that ten major social media companies, including Snapchat, Meta, TikTok, and YouTube, implement measures to prevent underage accounts. Wells