Category : Search result: subsidy cuts


Argos loses £223m as over 2,000 jobs cut

Argos reports a £223.2m pre-tax loss for the year, with over 2,000 jobs axed. The retailer blames a tough market and poor summer weather. Read the full analysis.

HIV aid cuts risk 3.3m new infections by 2030

Devastating cuts to international health funding are reversing progress in the fight against HIV/Aids, with new reports warning of millions of new infections. Read the full analysis.

Budget Motability cuts follow rightwing campaign

Rachel Reeves targets Motability scheme in budget, removing tax breaks for premium vehicles after rightwing social media campaign. Disability groups condemn lack of consultation.

IFS Warns Budget Tax Plans Are 'Fiscal Fiction'

The Institute for Fiscal Studies warns Jeremy Hunt's budget relies on 'fiscal fiction' with unrealistic spending cuts and tax rises. Read the full analysis of the UK's financial outlook.

HP cuts 6,000 jobs in AI-driven restructuring

HP announces up to 6,000 job cuts by 2028 as it embraces AI technology. The restructuring aims to save $1bn annually while improving product innovation and customer service.

Reeves Confronts £110bn Debt Crisis in Budget

Chancellor Rachel Reeves must balance tax rises with spending cuts as Britain's debt servicing hits £110bn annually. Can she ignore political pressure and fix public finances?

Ovo Energy Axes Hundreds of Jobs Amid Crisis

Struggling energy supplier Ovo prepares to cut several hundred jobs next week as part of urgent restructuring plan to convince regulators and secure £300m investment.

WHO cuts 2,371 jobs, experts warn of global risk

The World Health Organization is cutting nearly a quarter of its workforce by 2026. Experts warn this will severely impact global disease response and leave the world less safe. Read the full analysis.

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