Treasury warns of economic fallout as demands grow to ditch two-child benefit cap
Sunday, 21 July 2024 Unfunded spending commitments crash the economy, a Treasury minister has warned, as he defended keeping the two-child benefit cap in what is shaping up to be the first big test of the Labour government.
The president of the National Farmers Union says there is "fury" and "anger" among farmers - after the government refused to change its controversial inheritance.. Sky News
President Donald Trump defended Elon Musk amid Democratic backlash over his access to Treasury payment systems. During a press conference with Japan’s PM Ishiba, Trump dismissed concerns, calling Musk "not shy" and praising his efforts in uncovering government fraud. Treasury Secretary Scott Bessent backed Musk, calling him the "greatest entrepreneur." Meanwhile, Democrats accuse Musk of having undue influence after reports surfaced that DOGE found payments linked to fraudulent groups. The controversy intensifies as Musk’s role in Trump’s administration grows.
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Sir Keir Starmer has defended Tulip Siddiq after the former Treasury minister resigned from government over an anti-corruption investigation into her wider family in Bangladesh. The prime minister told Kemi Badenoch in PMQs, "the former minister fully cooperated" with independent advisors looking into the matter. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The shadow chancellor says the Treasury "should not be popping champagne corks" over the unexpected dip in inflation to 2.5% in December. Mel Stride adds the government has "killed growth stone dead" after inheriting an economy that was "much better than they make out". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The high-level committee, formed by the Odisha government to oversee the Shree Jagannath Temple Managing Committee's inventory of the Ratna Bhandar's valuables,... IndiaTimes