Prime Minister and Chancellor Sunak and Hunt have issued a joint memorandum to government departments, demanding strict adherence to existing spending limits. The directive underscores a commitment to fiscal discipline and outlines the parameters for the upcoming Budget on 28 October, which aims to provide economic 'stability' for families.
The US has introduced a 100% tariff on patented medicines, though firms can circumvent this by entering into agreements with the administration. This move aims to bolster domestic pharmaceutical manufacturing and reduce national security risks, with a focus on encouraging new US-based production and pricing concessions.
The UK government is introducing new legislation to simplify subscription cancellations and provide better refund protection for consumers, aiming to save individuals an average of £170 annually.
British marmalade may need to be relabelled as 'citrus marmalade' under a proposed post-Brexit food deal with the EU, aiming to streamline trade and align with updated European regulations. This change stems from a relaxation of EU rules that will broaden the definition of marmalade to include non-citrus fruit spreads.
