In the UK Parliament, Labour minister Dan Jarvis criticized Tory frontbencher Chris Philp for his party’s previous attempts to cozy up to Chinese president Xi Jinping. Philp had accused Keir Starmer of being “sycophantic” towards Xi, but Jarvis defended the PM’s recent meeting with the Chinese leader. Despite concerns about China’s actions, Starmer emphasized the UK’s approach of engagement, cooperation, challenge, and competition in dealing with the country.
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Windfall corporation tax take of €15bn ‘should be put into State savings funds’
The Central Bank recommends that the Government allocate almost all of this year's €15bn in corporation tax windfall receipts to its long-term savings funds, rather than using them for current spending. Currently, only one-third of the excess has been designated for the Future Ireland Fund and the Infrastructure, Climate and Nature Fund, which were established in July. This move aims to ensure sustainable financial planning and investment in the future. Full Article
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