Dutch minister of Finance makes offer for compensation due to the nationalisation of SNS REAAL
The Dutch minister of Finance makes an offer for compensation due to the expropriation of shares and subordinated debt of SNS REAAL and SNS Bank. The offer amounts to €0,- for both the expropriated shares as well as the subordinated debt. Source
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UK economy shrinks unexpectedly in blow to Rachel Reeves
ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statement Analysis: Shrinking economy an unhelpful backdrop for Reeves’s growth push Business live – latest updates The UK economy contracted by 0.1% in January, dealing a blow to Rachel Reeves before
Read MoreState of the Netherlands nationalises SNS REAAL
The Minister of Finance, in close consultation with De Nederlandsche Bank (DNB), has nationalised SNS Reaal. Savings deposits of clients are secure and the service provision of SNS REAAL has been safeguarded. The intervention has averted grave threats to financial stability and the economy. Source
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Top City watchdogs drop new diversity and inclusion rules for firms
FCA and Bank of England’s PRA join retreat from efforts to help underrepresented groups, citing ‘regulatory burdens’ Peers working for City firms dominate Lords scrutiny panel FCA scraps plan to ‘name and shame’ UK firms under investigation Business live – latest updates The City’s top two regulators have
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What can Canada expect from its next PM? The Mark Carney I knew | Larry Elliott
In his seven years as Bank of England governor, Carney was charming and self-confident but had a volcanic temper Smart, smooth, tough and a liberal globalist to the ends of his fingertips. That was how Mark Carney came across in his near seven-year stint as governor of the
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Trump’s trade war could pose ‘substantial’ threat to UK economy, says Bank
Although UK may avoid tariffs, overall productivity could be impacted by tit-for-tat tariffs between economies A full-blown trade war would pose a “substantial” threat to the British economy, Bank of England governor Andrew Bailey has warned. Donald Trump struck Canadian and Mexican imports with new duties of 25%
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Councils to seize and crush fly-tipping vehicles to clean up Britain
Waste criminals, fly-tippers and cowboy waste operators to have vehicles seized and crushed HM GovernmentSource
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Statement on air strike against Houthi military facility in Yemen: 29 April 2025
Royal Air Force participates in operation targeting a Houthi military facility in Yemen. HM GovernmentSource
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Universal Credit change brings £420 boost to over a million households
More than one million households struggling with debt will get to keep an average £420 more of their benefits each year, under a change to Universal Credit coming into force today [30 April 2025]. HM GovernmentSource
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Families to get more choice over home upgrades
Proposals to give families greater choice when upgrading their home's heating as well as plans to create up to 18,000 training places for green jobs HM GovernmentSource
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