Press Association
Rishi Sunak plays game of bowls on General Election campaign trail
Prime Minister Rishi Sunak plays a game of bowls during a visit to Market Bosworth Bowling Club, while on the General Election campaign trail.
Press Association
Rishi Sunak unveils £2.4 billion tax cut for pensioners
Rishi Sunak has unveiled a £2.4 billion tax break to help secure the support of pensioners, while Labour set out to woo business leaders on Tuesday. The Prime Minister promised to increase the income tax personal allowance for...
Press Association
PM says welfare reforms not about cost cutting as ‘hostile rhetoric’ criticised
Rishi Sunak has told of the “moral mission” to reform welfare as he announced major changes to the system in the face of criticism of his “hostile rhetoric” and accusations that the proposals are a “full-on assault on disabled people”....
Press Association
PM says welfare reforms not about cost-cutting as ‘hostile rhetoric’ criticised
Rishi Sunak has told of the “moral mission” to reform welfare as he announced major changes to the system in the face of criticism of his “hostile rhetoric” and accusations that the proposals are a “full-on assault on disabled people”....
Press Association
Liz Kendall speaks at the TUC Pensions Conference - full version
Shadow work and pensions secretary Liz Kendall speaking at the TUC Pensions Conference. In her speech Ms Kendall slammed the Tories record on pensions, as well as their pledge to abolish National Insurance tax.
Press Association
Labour promises crackdown on benefits payments to inactive young people
Labour has promised tougher measures on handing out benefits payments as it sets out plans to reduce the number of young people out of work, education or training. Shadow work and pensions secretary Liz Kendall said the party would...
Press Association
Truss-backed economists call for cut in minimum wage
A group of economists backed by former prime minister Liz Truss says the minimum wage should be frozen and then cut to make the labour market more competitive. The Growth Commission has argued that plans to increase the minimum wage...
Press Association
Work and Pensions Secretary Mel Stride's full Tory Party Conference speech
Work and Pensions Secretary Mel Stride gives a speech at the Tory Party Conference in Manchester. It comes after Chancellor Jeremy Hunt announced plans to cut the size of the civil service as he faced Tory demands to slash taxes and trim...
Press Association
Hunt sets out plan to shrink civil service as Tory pressure to cut taxes mounts
Chancellor Jeremy Hunt has announced plans to cut the size of the civil service as he faced Tory demands to slash taxes and trim the size of the state. Mr Hunt said the move could save £1 billion a year and indicated that improving...
Bloomberg
UAW Now Aims for 30% Pay Raise for Members
The United Auto Workers union wants to emerge from its strike against Detroit's three major automakers with at least a 30% pay raise, according to people familiar with the matter. Bloomberg's Craig Trudell reports from Detroit.
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Bloomberg
Harvard Kennedy School's Mitter on G20 Summit
Rana Mitter, Professor of US-Asia Relations at Harvard Kennedy School's Belfer Center, discusses his key takeaways from the G20 summit, saying that Russia is pleased with the vaguely worded communique, condemning aggression that did not...
Bloomberg
UAW Wants a 45% Raise, 32-Hour Work Week
The United Auto Workers union has declared "war" on the Detroit Three automakers. It is demanding a 46% raise, a return to traditional pensions and a 32-hour work week. The union is now threatening to strike against the Detroit Three...
Bloomberg
CalPERS CIO: Inflation Is Impacting the Portfolio
CalPERS Chief Investment Officer Nicole Musicco says the largest public pension in the United States is focused on thinking long term, rather than trying to time the market's interest rate fluctuations. This episode of "Bloomberg Wealth...
Bloomberg
CalPERS CIO: We Keep the Politics of ESG Out of the Boardroom
CalPERS Chief Investment Officer Nicole Musicco discusses how the largest public pension in the United States thinks about sustainable investing amid political pressure. This episode of "Bloomberg Wealth with David Rubenstein" was...
Bloomberg
Pension Funds Pour Billions Into Alternative Assets
As the hunt for yield continues in a rough investing environment, US pension funds are investing more in alternative assets including private equity, hedge funds and real estate. David Rubenstein explains for "Bloomberg Wealth with David...
Bloomberg
CalPERS CIO Is Focused on a 6.8% Rate of Return
After suffering its biggest loss in a decade in 2022, CalPERS Chief Investment Officer Nicole Musicco says she is focused on hitting her target rate of return of 6.8% over 20 years. This episode of "Bloomberg Wealth with David...
Bloomberg
CalSTRS CIO Ailman: Fixed Income Is 'Great Place to Be'
Christopher Ailman, chief investment officer for the California State Teachers' Retirement System, says there's still about a 50% chance of recession this year and sees fixed income as an increasing investment opportunity. He speaks on...
Bloomberg
UK Pension Funds Agree to Invest in Startups
The UK government announced an agreement between nine of Britain's largest pension providers to boost their investment in growth companies, a move it said could unlock £50 billion ($64 billion) if the rest of the industry follows suit....
Press Association
Aslef union calls off Tube strikes
Planned strikes next week by London Underground workers have been suspended. Members of Aslef and the Rail, Maritime and Transport union (RMT) were due to take industrial action throughout the week in a long-running dispute over pay,...
Press Association
Jeremy Hunt prioritises tackling inflation over tax cuts amid pressure from Tory MPs
Jeremy Hunt said he is prioritising tackling inflation over tax cuts, in a blow to Tory MPs clamouring for a pre-election giveaway. In his first Mansion House speech as Chancellor on Monday, he said that bringing down soaring prices...
Press Association
Lord Mayor of London welcomes Chancellor's City reforms to boost pensions
The Lord Mayor of London has welcomed proposed City reforms to boost pensions. Jeremy Hunt will promise a £1,000-a-year pensions boost to the average earner with reforms to get pension funds making riskier investments in start-ups....
Bloomberg
Colombia Finance Chief on Rate Cuts, Peso
Colombian Finance Minister Ricardo Bonilla says the country could potentially start to ease monetary policy within three months as inflation cools and the peso stabilizes around its current level. The Colombian peso remains the best...
Press Association
Varadkar recognises windfall tax receipts cannot be used to fund permanent or recurring expenditure commitments
Taoiseach Leo Varadkar said he recognised the advice from the Central Bank and the Irish Fiscal Advisory that windfall tax receipts cannot be used to fund permanent or recurring expenditure commitments. “But even if you accept the...
Bloomberg
AI Is A Real Game Changer: Meier
Steve Meier, NYC Retirement System CIO discusses pension plans and the debt ceiling crisis. He speaks with David Westin on "Wall Street Week Daily."
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