The government is urging City firms to encourage wealthy clients to donate money to charities. Market-based finance is causing concerns for the Bank of England. Jeremy Hunt has been warned against cutting taxes without a spending review. Good morning! I hope you all survived the cold weather yesterday and are warm enough to read today’s MFS U.K. newsletter. The Treasury is pushing for more wealthy individuals to support struggling charities, while the Bank of England is calling for more research on the risks of shadow banking. Jeremy Hunt is facing pressure to cut taxes, but experts warn against it without a spending review. Stay warm and enjoy today’s news from MFS U.K.!
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Most pothole-ridden regions mapped as Starmer pledges £1.6bn to fix ‘plague’ of ravaged roads
Sir Keir Starmer has warned local councils that they must demonstrate efforts to address potholes or risk losing funding for repairs. Prime Minister Boris Johnson announced an additional £4.8 billion in funding for motorways and major A-roads to tackle the growing backlog of £17 billion in repairs. Local authorities will need to publish annual progress reports to receive their share of £1.6 billion in highway maintenance funding or face potential funding cuts. Full Article
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