In the Unlock the Editor’s Digest, large UK retailers like Tesco and Marks and Spencer warn Chancellor Rachel Reeves of potential annual costs up to £7bn post-Budget changes, leading to job losses and higher prices for customers. These retailers, including Kingfisher and Morrisons, highlight concerns over increased employer NI contributions and lower earnings thresholds, urging for discussions with the Treasury to address these issues and propose solutions for a phased introduction of new thresholds and delayed implementation of packaging levies. Despite criticism, the Treasury defends the Budget changes, emphasizing the need for economic stability and growth to support businesses.
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4 Undeniable Factors That Could Push Bitcoin to New All-Time Highs This Summer
Some market moments gain momentum without significant triggers, and Bitcoin (CRYPTO: BTC) appears poised for a significant rally due to four macro forces that historically precede price surges. Increased liquidity from central banks typically encourages investment in riskier assets like cryptocurrencies, as safer investments become overpriced. Explain It To Me Like I'm 5: When banks make more money available, people are more likely to invest in things like Bitcoin, which can help it grow in...
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