Labour chancellor Rachel Reeves admitted that her Budget will reduce the pay of working people due to increased employers’ national insurance contributions, as the IFS accused her of damaging trust in politicians. Despite claiming to protect workers, the IFS director criticized Reeves for not raising taxes as promised in the government’s Budget, stating that the measures would not generate the expected £25bn. The Office for Budget Responsibility warned that the spending measures would only provide a temporary GDP boost, leading to downgrades in subsequent years and increased pressure on inflation and interest rates.
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As Barcelona fights for its F1 race, here is how the 2026 F1 calendar is shaping up
Barcelona hosted its final Spanish Grand Prix at the Montmelo venue, despite losing the race, and remains optimistic about retaining its Formula 1 status. The event will be relocated to the new Madring in Madrid in 2026, while Barcelona will still feature two races on next year's calendar as it completes its final year. This transition marks a significant change for Spain's F1 landscape, with the Montmelo venue holding a prominent place in the sport's...
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