Economic_News
Labour’s benefit cuts will cost UK economy billions, charity says
Trussell report finds that higher levels of poverty mean Britain is losing out on £38bn a year of potential output
Keir Starmer has been warned that Labour’s tough stance on benefits is costing Britain’s economy billions of pounds each year while adding to the pressure on public services by pushing more people into poverty.
With the government under fire over its planned benefit cuts, the anti-poverty charity Trussell said that failing to tackle hunger and hardship would have severe human costs and cause damage to the wider economy and public finances.
KKR and Capital Group seek to lure investors to private markets with new funds
Strategies will span loans, corporate buyouts, and infrastructure and property deals
Ministers threaten new pensions law if funds fail to honour UK investment pledge
‘Voluntary’ deal to be agreed next month ahead of Mansion House speech in July
China’s copper supplies set to run out as US tariffs bite, says Mercuria
Market suffers one of ‘greatest tightening shocks’ in its history as traders race to get ahead of potential levies
How Apollo escaped Germany’s private equity trap
Buyout firms snapped up German banks after the financial crisis. With OLB sale, Apollo has finally managed to exit one