Reported Plan

Housing secretary and housing minister latest to criticise idea, which has also been ruled out by No 10Senior ministers have poured scorn on the idea of freezing private sector rents for a year, less than 48 hours after the Guardian revealed Rachel Reeves was considering it.Steve Reed, the housing secretary, and Matthew Pennycook, the housing minister, became the latest government figures to criticise the idea, which has since been ruled out by No 10. Continue reading...

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...

Sources tell Reuters layoffs could affect 20% or more of company as plans reflect broader tensions within big techMeta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.No date has been set for the cuts and the magnitude has not been finalized, the people said. Continue reading...