This week’s Budget, titled ‘Fixing The Foundations To Deliver Change’, aims to raise £40 billion primarily through tax increases and some spending cuts, including £3 billion from the welfare bill. Chancellor Rachel Reeves is considering inheritance tax, capital gains tax, pension allowances, and the employers’ rate of NI to address the £22 billion hole in public finances left by the Tories. Despite concerns from voters, particularly older demographics, Reeves is confident that the Budget will lead to long-term growth and prosperity, setting the stage for the next general election campaign.
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Ju Wenjun outclasses rival Tan Zhongyi to retain women’s world chess title
Chinese grandmaster Ju Wenjun has secured her fifth title at the 2025 Fide Women’s World Championship in Chongqing, defeating rival Tan Zhongyi 6½–2½. Ju, who has held the title since 2018, demonstrated her dominance by winning four consecutive games, marking her most decisive victory to date. The match underscored their nearly decade-long rivalry, with Ju successfully defending her crown against the very opponent who once eliminated her from the championship. Full Article
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