Marc Zuckerberg rock the internet this week, when Meta’s CEO announced that the tech giant would no longer conduct independent fact-checking. The program, implemented in 2016, will be replaced by Meta’s own version of Community Notes, a participatory approach to reviewing online content used by X, the social media platform formerly known as Twitter. So, … Read more
The proportion of 25- to 34-year-olds living with their parents has increased by more than a third in just under two decades, according to a new analysis. Last year, the share of the age group living at home was almost a fifth (18%), up from 13% in 2006, the Institute for Fiscal Studies (IFS) said … Read more
Rachel Reeves’ trip to China – the first by a British chancellor since 2019 – was always going to spark controversy. In recent years Conservative governments have kept Beijing remotely – amid concerns about espionage, the situation in Hong Kongand the treatment of Uighurs. David CameronThe so-called “golden age” of commitment to continued economic investment, … Read more
Improving Britain’s situation will be “at the forefront of the Chancellor’s concerns” during her visit to China, the Treasury has said, amid controversy over the trip. Rachel Reeves soared on Friday after ignoring calls from opposition parties to cancel the long-planned project due to domestic market turmoil. Last week saw a fall in the pound … Read more
Leicester City’s owners have launched historic legal action against a helicopter manufacturer after the club’s president died in an accident in 2018. Vichai Srivaddhanaprabha’s family sues Italian company Leonardo SpA for £2.15 billion after the 60-year-old president and four others were killed when their helicopter crashed just outside the King Power Stadium in October 2018. … Read more
Sterling came under further pressure at the end of a torrid week for the British currency, falling to a new 14-month low against the dollar. Sterling lost almost a cent, to just above $1.22 at one point, on higher support for the greenback after US jobs data -United States turned out to be much stronger … Read more
Big business bosses are set to lead a new campaign to cut crime and give ex-offenders access to stable jobs. It is part of a government initiative creating 11 new regional employment councils across England and Wales. Leaders from companies including Co-Op, Iceland, Greggs and Oliver Bonas will take on voluntary advisory roles working with … Read more
The company that owns Britain’s Vauxhall car plants fulfilled the UK government’s electric vehicle (EV) sales mandate last year, despite public criticism of the target and an announcement that its Luton factory would close. Stellantis, which also owns the Peugeot, Citroën and Fiat brands, as well as several others, was the UK’s best-selling electric van … Read more
Mick Lynch, one of the UK’s most influential union leaders in recent history, has announced his retirement. Mr Lynch is stepping down as head of the RMT (Rail Maritime and Transport Workers) union at the age of 63. He has been its general secretary since 2021. Money blog: Major mobile phone company increases bills next … Read more
How concerned should Rachel Reeves be that interest rates on government bonds have reached their highest levels in more than a quarter of a century? More to the point, how worried should we be about this? After all, the interest rate on 30-year government bonds (“Gilts,” as they are called) reached 5.37% today – the … Read more