Labour leader Andy Burnham has indicated that a wealth tax remains a viable option for his government, acknowledging that 'difficult' fiscal decisions will be necessary to navigate the UK's economic landscape. He stressed the need for a 'grown-up' conversation about public services and their funding.
The newly implemented free trade agreement between India and the UK has removed significant tariffs on a range of British exports, including Scotch whisky and tennis equipment. India gains improved market access for its textiles and agricultural products, with projections suggesting a modest boost to both economies. However, analysts question the agreement's broader economic impact and its strategic alignment within India's evolving trade policy.
Microsoft is shedding 3,200 roles across its Xbox division, a move that reflects broader economic pressures impacting the video game sector. This follows the company's acquisition of Activision Blizzard, raising questions about consolidation and employment stability within the industry.
