Former Bank of England governor Mervyn King has advised Rachel Reeves to raise national insurance in her upcoming Budget to address an estimated £25bn deficit in meeting Labour’s spending commitments, warning against higher borrowing. Lord King emphasized the importance of simplicity and transparency, urging against tax system changes and suggesting a review of existing schemes. However, the Tories and the IFS have criticized the potential national insurance hike as a breach of manifesto promises, with Paul Johnson highlighting the need for honesty in addressing the country’s finances.
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Capitals' Alex Ovechkin to miss 4-6 weeks with fractured fibula, chase for Wayne Gretzky's goal record put on hold
Alex Ovechkin will be sidelined for 4-6 weeks with a fractured fibula, impacting his pursuit of Wayne Gretzky's NHL goal record. The Washington Capitals captain, who is 26 goals away from tying Gretzky's record of 894, suffered the injury during a game against the Utah Hockey Club and will miss significant playing time for the first time in his career. Ovechkin's absence is a blow to the Capitals and delays his chase for hockey history,...
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