Author: franperez66q@protonmail.com

Jones, who was also previously chief secretary to the Treasury, wrote on X, external that the Digital ID programme was unfunded.While praising the VAT cut as “good”, he said “the government will have to set out how it will pay for its new policies at the budget”.Conservative Shadow Chancellor Mel Stride also criticised the use of the Digital ID budget to fund the VAT cut.”The cuts to the Digital ID card budget are not real because the money was never provided in the first place. “We are only one day in and already its smoke and mirrors on the public…

Andy Burnham after officially being confirmed as the new leader of the Labour Party, at a special conference held at the Trades Union Congress, in central London. Picture date: Friday July 17, 2026. (Photo by Yui Mok/PA Images via Getty Images)Yui Mok – Pa Images | Pa Images | Getty ImagesAndy Burnham wasted little time making his mark.Within hours of taking office, Britain’s new prime minister Andy Burnham surprised Westminster with his choice of finance minister, opting for John Healey instead of the widely expected Shabana Mahmood. He also unveiled his first major policy: scrapping VAT, a consumption tax, on…

Nebius stock surged on Tuesday after Nvidia disclosed a 9.3% stake in the neocloud. The Amsterdam-based company has emerged as one of Europe’s leading neoclouds providing AI compute, and has inked multiple deals with tech giants in 2026 amid massive infrastructure spending.Shares of Nebius were up 7% in premarket trading. The company has been one of the big beneficiaries of the AI boom, with the stock gaining nearly 250% in the past 12 months. Its market cap stood at $46 billion as of Tuesday morning.Nebius and Nvidia have been approached for comment. Stock Chart IconStock chart iconNebius stock.Nvidia previously announced…

Why is Belimo stock rallying today? Source link

And yes, there are four references in the Office for Budget Responsibility’s Economic and Fiscal Outlook from November, external of last year that refer to the Digital ID and how where the money will come from to pay for it is not clear.For example, on page 10, it says “the cost of digital ID cards, for which no specific funding has been identified.” On Page 172 it talks about “the risks around the implementation of digital ID cards for which no explicit provision has been made for its £0.6bn annual cost”.Clearly, this was something of a critique of the funding…

A shipyard damaged in a US strike is seen in Iran’s Hormozgan province, where Iranian authorities said the United States carried out attacks on 95 locations across 12 cities over the past 10 days, on July 19, 2026.Anadolu | Anadolu | Getty ImagesThe U.S. completed a fresh round of strikes against Iran on Monday evening as Yemen’s Iran-backed Houthis threatened to impose a naval blockade on Saudi Arabia, potentially opening a new front in the Middle East conflict.The latest cycle of tit-for-tat strikes comes amid reports that regional mediators have presented Washington and Tehran with a proposal for a 10-day…

Britain’s former defense secretary John Healey leaves 10 Downing Street in London July 20, 2026 as cabinet appointments are being made after Andy Burnham became Britain’s new Prime Minister. Henry Nicholls | Afp | Getty ImagesAndy Burnham began his tenure as the U.K.’s seventh prime minister in 10 years this week — but investors’ attention is now on John Healey, who was named Chancellor of the Exchequer late on Monday.Britain’s new finance minister faces a delicate balancing act between delivering Burnham’s potentially more left-leaning agenda and calming financial markets. As pressure mounted on former prime minister Keir Starmer, and Burnham,…

Why is Nebius stock surging today? Source link

Stevens, who took up the role of Welsh secretary when Labour came to power in 2024, said it had been “a privilege and an honour” to have the job.She added: “Wales has seen the biggest budget settlement for our public services in the history of devolution, our steel industry saved and transformed for the future, the largest public investment in Wales in history through new nuclear at Wylfa, a generational commitment of £14bn for our Welsh railways, the best local growth fund settlement of any of the UK nations and so much more.”I wish the new prime minister and my…

Debasish Mishra, managing director and chief executive officer of SBI Funds Management Ltd., at a news conference in Mumbai, India, on Thursday, July 9, 2026. SBI Funds Managements biggest investors are seeking to raise as much as 116.9 billion rupees ($1.22 billion) in what’s expected to be India’s first billion-dollar IPO of the year. Photographer: Indranil Aditya/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesShares of India’s largest asset manager, SBI Funds Management, listed at a premium of 7% to its IPO price on Tuesday, dashing hopes of a strong debut.The $1 billion IPO of the firm, which is a…