Labour’s jobs bloodbath: Bank of England chief joins Tesco, Asda, Sainsbury’s, Boots and Amazon warning of cuts after Rachel Reeves’ £25bn national insurance raid
The Bank of England governor today joined Britain’s biggest retailers warning that job cuts are ‘inevitable’ after Rachel Reeves’ monster national insurance raid. Andrew Bailey said dozens of businesses – including Tesco, Asda and Sainsbury’s – had been ‘right’ to sound the alarm in an open letter to the Chancellor. Ms Reeves unveiled an extraordinary £25billion hike in employers’ NICs in the Budget last month. The rate has been raised and the threshold at which firms must pay has been cut, with ministers adamant it was the only way to prop up public services.
Moment reporters frantically search for checked out Biden as lame duck president misses photo with G20 leaders: ‘He’s behind the palm tree!’
Reporters could be heard calling out for President Joe Biden as world leaders at the G20 Summit in Rio de Janeiro gathered for a final photo, but the 81-year-old leader was a no-show. Biden was nowhere to be seen until moments after the picture was taken when photographers and reporters frantically searched for the leader of the free world until one cameraman spotted him behind a nearby palm tree. In footage shot by CSPAN there appeared to be utter confusion as dignitaries were unsure whether to leave the risers erected for the photo or to stay put and wait for Biden to return.
Arctic blast grips Britain: Temperature plummets to -11.2C in ‘first taste of winter’ as commuters brace for travel chaos – as map shows where more snow and ice will fall today
An Arctic blast has hit Britain in the country’s first major taste of winter this year – with drivers getting stuck, trains cancelled and warnings of more icy weather ahead as temperatures plunged to -11.2C and snow started falling in the capital London. Traffic problems have been reported around major cities including Leeds as the Met Office issued a severe weather warning of snow and ice – as it got as cold overnight as -11.2C in the Scottish village of Braemar and -10.7C in Tulloch Bridge in the Highlands. The reading in Braemar was described as the coldest Britain has been at this time of the year since 1998.