Reeves to clamp down on expensive bike purchases
Chancellor Rachel Reeves plans to restrict high-end bicycle purchases in the Cycle to Work scheme amid concerns about wealthy commuters exploiting tax breaks. Read the full details.
Category : Search result: subsidy cuts
EU launches anti-subsidy probe into Chinese steel
Brussels initiates sweeping anti-subsidy investigation into Chinese steelmakers as Europe fortifies its economic defences against what officials call 'unfair competition'.
Canada's recession budget imposes austerity measures
The Canadian government has unveiled a stark austerity budget featuring sweeping spending cuts and tax increases as the nation confronts its first recession in over a decade. Key public services face significant reductions while households brace for finan
Amazon axes hundreds more UK jobs in new cuts
Amazon continues its global workforce reduction with significant cuts to its UK operations, affecting hundreds of employees across multiple divisions including its streaming and Alexa teams.
Government slashes museum funding in major shake-up
Major English museums face devastating budget cuts as Arts Council England redirects funding away from traditional institutions toward 'levelling up' agenda, sparking outrage in cultural sector.
Tories Unveil Radical Welfare Cuts Plan
The Conservative government announces sweeping welfare reforms that could significantly reduce benefits payments for millions, sparking immediate backlash from charities and opposition parties.
Morocco protests over subsidy cuts turn violent
Morocco faces social unrest as thousands protest against government austerity measures, with demonstrations turning violent in several cities amid rising living costs.
Trump's SNAP cuts spark UK food bank crisis
As Trump administration slashes food stamp funding, British food banks report alarming surge in demand from vulnerable families facing hunger crisis.
NHS Job Cuts Crisis: ICBs Axe Hundreds of Posts
Exclusive: NHS England's new Integrated Care Boards are cutting hundreds of jobs despite promises of improved healthcare, triggering union outrage and patient safety concerns as financial pressures mount.
US Schools Face Financial Cliff as Federal Covid Aid Ends
American schools are bracing for severe cuts as a $190bn federal pandemic aid package expires, threatening teacher layoffs, programme cancellations, and larger class sizes across the nation.
UK Government Terminates Electric Car Grant Scheme
The UK government has abruptly terminated its plug-in car grant scheme, ending financial support for new electric vehicle purchases. This move has sent shockwaves through the automotive industry and raised questions about the country's net-zero ambitions.
ITV closes Good Morning Britain canteen in budget cuts
Exclusive: ITV has sparked internal fury after closing the flagship Good Morning Britain staff canteen in drastic budget cuts. Presenters and crew are now forced to bring packed lunches as the broadcaster slashes costs.
Australia's Budget Soars: Record $44bn Surplus Sparks Tax Debate
Australia's budget surplus hits a staggering $44bn, nearly double previous forecasts, igniting fierce political debate over tax cuts and cost-of-living relief ahead of the next election.
Indonesia Gripped by Mass Protests Over Economic Policies
Indonesia faces its largest wave of protests in years as citizens take to the streets over controversial government policies. This in-depth report examines the escalating crisis, the government's response, and what it means for the future of Southeast Asi
Trump’s Firefighter Cuts: Public Safety at Risk?
The Trump administration's latest budget cuts target firefighter funding, raising concerns over public safety and emergency response capabilities. Experts warn of dire consequences.
PBS and NPR face shutdown in public broadcasting crisis
The Corporation for Public Broadcasting is set to shut down PBS and NPR, sparking outrage over the future of independent journalism and educational programming.
Trump proposes deep cuts to SNAP food stamp program
Former President Donald Trump's latest policy proposal aims to slash funding for the Supplemental Nutrition Assistance Program (SNAP), threatening food security for vulnerable Americans. Critics warn of devastating consequences.
Irish woman's harrowing tale of Lebanon's economic collapse
Rebecca Black, an Irish woman living in Beirut, recounts the daily struggles of Lebanon's economic crisis, from power cuts to food shortages, as the country teeters on the brink.
Ex-Labour minister pushes for wealth tax, warns against cuts
Ex-Labour minister calls for wealth tax to address economic inequality, warning against austerity measures that could harm public services.
Linda Robson fears Loose Women axe over ITV budget cuts
Loose Women star Linda Robson expresses concerns over the show's future as ITV tightens budgets, revealing fears of potential cancellation.
Tata Steel confirms mass job cuts in Port Talbot
Tata Steel confirms significant job reductions at its Port Talbot facility, sparking concerns over the future of the Welsh steel industry and local economy.
Moderna cuts 150 jobs in cost-reduction move
Biotech leader Moderna announces major layoffs, axing 150 jobs as part of a strategic cost-reduction plan. What does this mean for the future of mRNA vaccines?
GMB presenter axed in ITV cuts
A well-known Good Morning Britain presenter has been axed as part of ITV's latest cost-cutting measures, leaving fans stunned.
Free bus travel for over-60s under threat
Government plans could scrap free bus travel for over-60s, sparking outrage among campaigners and older citizens. Find out how this could affect you.
BBC axes fan-favourite show in shock move
The BBC has made the surprising decision to cancel a beloved fan-favourite show, sparking outrage among viewers. Find out why the axe fell and what it means for fans.
Starbucks cuts product line amid sales decline
Starbucks has removed a full product line from select UK stores as the coffee giant faces a slump in sales. Find out which items are affected and what this means for customers.
BBC weather cuts anger viewers and experts
The BBC faces backlash after reducing its weather forecast services, raising concerns over accuracy and public trust. Critics argue the move undermines the broadcaster's partnership with the Met Office.
Santander axes 140 UK jobs in branch shake-up
Santander announces significant job cuts across its UK branches, affecting 140 roles as part of a broader digital transformation strategy.
Santander UK job cuts amid profit push
Santander UK reveals plans to slash jobs as part of a cost-cutting strategy to boost profits. Find out how this decision impacts employees and the banking sector.
HSBC to cut hundreds of jobs in Canada
HSBC reveals plans to slash hundreds of jobs in Canada as part of a broader cost-cutting strategy, raising concerns over its long-term commitment to the market.
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