Next Czech government will not adopt euro, main coalition party says
PRAGUE (Reuters) – The next Czech government will not adopt the euro, the man tipped to be the finance minister in the new centre-right coalition said on Tuesday.
PRAGUE (Reuters) – The next Czech government will not adopt the euro, the man tipped to be the finance minister in the new centre-right coalition said on Tuesday.
FRANKFURT (Reuters) – Euro zone banks expect a further drop in the amount of soured loans on their books, a projection that may be overly optimistic given that some firms still suffer from the impact of the pandemic, European Central Bank supervisor Andrea Enria said on Tuesday. “All banks basically expect a continued decrease in […]
MELBOURNE (Reuters) – Oil prices were mixed on Friday, but headed for their first weekly losses in at least eight weeks after U.S. oil stocks rose more than expected, and Iran flagged it was resuming talks with Western powers which could lead to an end to sanctions.
Boris Johnson’s government has set a course for a “high-tax, big-state economy” with a budget that will raise household tax bills by £3,000 on average by 2027, according to an analysis by an independent thinktank.
Britain’s biggest energy supplier is in talks with the Government about reopening a mothballed gas storage facility in a bid to protect the industry from surging power costs.
Millions of nurses, teachers and members of the armed forces will receive a pay rise next April as Rishi Sunak unfreezes public sector pay in the budget.
When Rishi Sunak stands up to deliver his budget and three-year spending review on Wednesday it will be his first real opportunity to set the tenor of his chancellorship unencumbered from the immediate crisis of COVID – although the fall-out of this pandemic will undoubtedly loom large.
Travellers to destinations including Australia, South Africa and Japan can expect to pay more to fly, as Rishi Sunak prepares to overhaul air passenger duty in next week’s budget to reflect the environmental damage wrought by long-haul flights.
New taxes will be needed to make Britain “net zero” in carbon emissions by 2050, the Treasury warned on Tuesday as it opened the door to extra levies on motorists and gas bills.
Energy bosses are vying to bring two mothballed gas-fired power stations back into action as power prices soar.
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