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Downing Street says focus to remains on cutting bills, backing renters and lowering energy pricesDowning Street has dismissed a freeze on private sector rents even as Rachel Reeves left the door open to the idea, after the Guardian revealed the chancellor has been considering it as an option to cut the cost of living.A No 10 spokesperson said on Tuesday freezing private sector rents was “not the approach we will be taking” after sources told the Guardian it was Reeves’s preferred solution for dealing with a spike in housing costs in the wake of the Iran war. Continue reading...
The firms said last week that they will be reducing parental leave and other benefits for employees starting next yearRecent moves by US companies Deloitte and Zoom to reduce how much paid parental leave they offer employees could signal a larger reduction in benefits in corporate America, according to labor market experts.American workers are already seen as having less benefits and labor protections than many of their counterparts across the world, especially in Europe. Continue reading...
FTSE 250 firms Paragon and OSB Group, owner of Kent Reliance and Precise Mortgages, slide on London Stock ExchangeRachel Reeves considering rent freeze to limit Iran war falloutBusiness live – latest updatesShares in some of the UK’s biggest buy-to-let lenders such as Paragon and One Savings Bank have fallen after it emerged that the chancellor may make private landlords commit to a one-year rent freeze.In an effort to protect households from rising living costs as a result of the Iran war, Rachel Reeves is considering whether to ban landlords in England from increasing rents for a limited period of time, the Guardian revealed on Monday night. Continue reading...
Exclusive: Sources say chancellor is examining exceptional measures to protect household budgetsRachel Reeves is considering imposing a one-year rent freeze on private sector homes amid growing alarm in government about the impact of the Iran war on voters’ budgets.Landlords in England would be banned from raising rents for a limited period of time under the proposals, which are being debated within government as part of a major cost of living package to be launched in the coming weeks. Continue reading...
Heatwaves reach 45C across India as unseasonably cold weather affects parts of central CanadaWidespread heavy rain is sweeping over southern China. By Wednesday, rainfall totals are expected to exceed 100mm across many parts of Guangxi, Guangdong, Fujian, Zhejiang, Jiangxi and Hunan provinces, and in some areas as much as 150-200mm.As a result, the Office of the State Flood Control and Drought Relief Headquarters and the Ministry of Emergency Management have been holding meetings with meteorological and hydrological departments to emphasise the importance of reinforced patrols and emergency responses to mitigate against the probable flooding that the intense rainfall is expected to bring. In particular, reservoirs with known safety concerns must remain empty during the period, as well as through the coming rainy season. Continue reading...
Jake Reiner calls parents ‘center’ of his life and says brother being at ‘center’ of loss is ‘almost too impossible to process’Sign up for the Breaking News US email to get newsletter alerts in your inboxThe elder son of beloved director Rob Reiner and his wife, Michele Reiner, eulogized his parents, who were “the center” of his life, in a Substack essay published Friday, four months after the pair were found stabbed to death in their Los Angeles home.Nick Reiner, the couple’s younger son, who long struggled with drug addiction and mental illness, has been charged with two counts of first-degree murder in connection to their deaths, to which he has pleaded not guilty. Continue reading...