Lagarde’s early exit Le Pen-proofs ECB as France veers toward a debt reckoning

She has stressed the need for “a pro-European voice” in the French elections in the past, but remained coy on Thursday about running herself. Her announcement comes at a time when candidates from mainstream camps in…

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Quebec premier boycotts Mark Carney’s EU summit

He says this leaves his government with “neither a chair at the negotiating table nor the opportunity to speak,” even though the summit is on Quebec soil. Under Canada’s federal system, he argued, the provinces implement…

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France in Chaos

On the one hand, its national finances are catastrophic , resulting in multiple warnings from the ECB and the IMF as well as pressure to make €50 billion worth of economies in the current budget negotiations. On the…

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A breathing space Budget

The briefings were largely a proxy war for those who wanted to see very different approaches to the economy, with those supporting Miliband calling for more radicalism and those supporting Mahmood saying they wanted a…

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‘Scattergun’ budget will still leave Britons facing higher energy bills, says thinktank

The Resolution Foundation said on Thursday that measures to ease household gas and electricity costs would still leave energy bills higher this year than during the last energy shock. In a highly critical verdict on the…

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Budget 2026: We answer your questions

They weigh up the case for the defence: has John Healey played it safe to reassure the markets, keep Labour onside and give households some immediate relief on energy bills? Or has he ducked the big decisions, leaving…

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UK social media ban likely to require photo ID checks

Three of the methods identified by Ofcom — photo ID matching, using a digital ID service, or banking-based checks — require a passport or driving license at some stage, while the fourth, facial age estimation, may in…

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Healey vows to cut welfare bill before next election with ‘tough’ approach to young people

The chancellor was repeatedly pressed on the issue in broadcast interviews after documents from the Office for Budget Responsibility suggested sickness and disability benefits would cost £100bn a year before the end of…

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Healey’s Budget was utterly unremarkable

One could’ve swallowed a handful of sleeping pills and they would’ve been met with the same outcome. As he stood there at the despatch box, his shiny head protruding amongst government ministers for all to see, he…

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John Oxley: Low wages may be rising but wage compression is the problem everyone ignores

There will be an unexpected winner from the Budget this year – MPs’ lowest-paid staff. Administrative assistants in constituency offices at the bottom of the pay scale will get a pay boost next April. Otherwise…

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