Investment in UK’s crumbling public services is pro-growth, says pensions minister

Exclusive: Torsten Bell defends Labour’s spending plans, saying ‘the status quo is economically and morally bankrupt’
Britain’s crumbling public services are bad for business, and spending more taxpayers’ money to fix them is a pro-growth policy, the pensions minister, Torsten Bell, has argued.
Rachel Reeves has been accused by business lobby groups of clobbering the economy with the £25bn increase in employer national insurance contributions imposed in her October budget.
Continue reading...
Read more at The Guardian
Topics
-
UK’s development investment arm spent £7mn on business class flights
Criticism of agency’s travel costs and big pay rises comes as pressure grows on aid budgetFinancial Times - 8h -
Musk's private security detail deputized by U.S. Marshals Service, sources say
The U.S. Marshals Service routinely deputizes police. However, the move to deputize private security officers, who are not sworn law enforcement officials, is considered unorthodoxCBS News - 8h -
Ministers ignored evidence of farm animals poisoned by lead, experts say
Government accused of failing to ‘get to grips’ with cases showing impact on livestock reared near abandoned mines in EnglandFinancial Times - 8h -
China supports 'recent consensus' between US and Russia on Ukraine war, foreign minister says
China supports “the recent consensus” between the U.S. and Russia on the war in Ukraine, said Wang Yi, the country’s foreign minister, amid ongoing discussions about bringing an end to the nearly ...The Hill - 9h -
OpenAI CFO talks possibility of going public, says Musk bid isn't a distraction
The interview with finance chief Sarah Friar comes during a pivotal time, with the startup reportedly in talks to close a $40 billion investment from SoftBank.CNBC - 20h -
Former FAA worker speaks out after firing, says he is "deeply concerned" for public safety
The Trump administration cut about 400 probationary FAA workers last weekend. Charles Spitzer-Stadtlander, former FAA national defense program worker, joins "The Daily Report" to discuss his firing ...CBS News - 12h -
Walmart shares drop as retailer says profit growth will slow
Walmart has factors that could work in its favor, including a growing online business and market share gains from higher-income shoppers.CNBC - 16h -
Hong Kong’s oldest pro-democracy party says it will begin process of disbanding
Democratic party chair Lo Kin-hei would not comment on whether Beijing put pressure on members. Hong Kong’s oldest pro-democracy party, which became an influential voice of opposition before ...The Guardian - 2h -
Eight investment rules to live and die by
My father enjoyed a long retirement on a modest pension — here’s how he did itFinancial Times - 8h -
Japan to court Tesla on Nissan investment
Former prime minister and ex-Tesla board member plan to approach Elon Musk to support struggling carmakerFinancial Times - 5h
More from The Guardian
-
Middle East crisis live: Shiri Bibas remains mixed with others after airstrike, Hamas claims after Israel says wrong body returned
Israel has demanded the return of Shiri Bibas after it said testing showed that one of the four bodies released by Hamas did not belong to any other hostage. Full report: Israeli military accuses ...The Guardian - 25m -
EU planning to send Ukraine ‘very strong message’ with new aid package – Europe live
Defence commissioner Andrius Kubilius says the EU’s position is ‘very clear’ as the bloc is committed to peace through strength’. A 51-year-old man has been sentenced to eight years in jail in ...The Guardian - 46m -
Taiwan holds its breath as Trump turns on Ukraine and upends US foreign policy
The mood in Taipei is one of wariness as the new US president takes a blowtorch to diplomatic norms and assurances. It’s a bustling morning at the Dongmen wet market, in inner-city Taipei. Mr Yu is ...The Guardian - 11h -
Woman who claimed to be Madeleine McCann charged with stalking
Julia Wandel allegedly sent letters, calls, WhatsApps and visited family of missing girl . A woman who claimed to be Madeleine McCann has been charged with stalking the parents and siblings of the ...The Guardian - 58m -
‘What a lie’: Danish astronaut responds to Musk claim that Biden abandoned ISS pair on purpose
Musk claimed without evidence that Nasa’s Butch Wilmore and Suni Williams were left stranded on the orbital outpost for ‘political reasons’. Elon Musk has got into a heated row with a Danish ...The Guardian - 11h
More in World
-
Keir Starmer urged to ramp up defence spending – UK politics live
This is ‘probably one of the most alarming times for Britain’s defence since the second world war’, says Lib Dem leader Ed Davey as he calls for more spending. In case you missed it, Nigel Farage ...The Guardian - 14m -
Chelsea play Copenhagen in Conference League; Man Utd face Real Sociedad in Europa – live
UCL last 16: PSG-Liverpool, PSV-Arsenal, Real-Atlético Europa League: Spurs face AZ, Rangers draw Fenerbahce Get in touch with ">David | Sign up to Football Daily here A video explains ...The Guardian - 15m -
Federal workers brace for more firings after judge lifts block on Trump administration job cuts – US politics live
Trump administration expected to continue its mass downsizing of the federal workforce amid warnings of unlawful terminations and a ‘monumental’ bill. Mass firings could cause ‘monumental’ bill, ...The Guardian - 24m -
Middle East crisis live: Shiri Bibas remains mixed with others after airstrike, Hamas claims after Israel says wrong body returned
Israel has demanded the return of Shiri Bibas after it said testing showed that one of the four bodies released by Hamas did not belong to any other hostage. Full report: Israeli military accuses ...The Guardian - 25m -
Hamas Failed to Return the Body of a Hostage. What Now?
The Palestinian armed group said it had handed over the remains of Shiri Bibas along with her two young children and another man. Israel said forensic testing found that it wasn’t her.The New York Times - 27m