Labour Gambles on Growth Boost Outside London to Beat Farage
Rachel Reeves will pump billions of pounds into areas outside London as the Labour government tries to head off an electoral threat posed by Nigel Farage's Reform UK.
The British Chancellor of the Exchequer announced major investments in defense, transport and energy away from the capital, and unveiled plans to overhaul 'Green Book' spending guidelines that local leaders complain are biased toward prosperous parts of London and the south east.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Stock Movers: Oracle, Boeing, GameStop
On this edition of Stock Movers: - Oracle (ORCL) shares soared to a record high after the software maker projected a 70% gain in cloud infrastructure sales this fiscal year, giving a bullish outlook for the closely watched business. The company, long known for its database software, has been gaining traction in its effort to become a major player in the business of cloud computing — renting out computing power and storage — by targeting clients focused on artificial intelligence work. Earlier this year, it announced a joint venture dubbed Stargate to provide OpenAI with massive sums of computing power. - Boeing (BA) shares slump after an Air India flight bound for London crashed Thursday, killing all but one of the 242 people on board the Boeing Co. Dreamliner in the deadliest aviation accident in more than a decade. The airline confirmed that 241 of those on the London-bound flight had died. The sole survivor is being treated in a hospital, the carrier said. - GameStop (GME) shares tumble after the video game retailer announced plans for a $1.75 billion convertible notes offering to potentially fund its new bitcoin purchase strategy. The company also said they will focus on on growing its trading card business.
Bloomberg
an hour ago
- Bloomberg
Air India Crash Kills All On Board Except One
Good morning. One passenger survives the Air India crash. Trump's planned budget cuts could put America's space supremacy at risk. And GameStop is betting big on trading cards. Listen to the day's top stories. All but one passenger on board a crashed plane bound for London from Ahmedabad were killed, Air India confirmed. The flight was carrying 242 passengers and crew when it went down shortly after takeoff. The NTSB said it will lead a US team to help with a probe, which Air India's CEO said 'will take time.' Donald Trump said he's offered India assistance. Boeing shares sank as the disaster marked the first complete loss of a 787 Dreamliner.
CNN
an hour ago
- CNN
Passenger survives Air India plane crash
Passenger survives Air India plane crash At least one passenger on board Air India Flight 171 to London Gatwick survived, local police said. According to Reuters, senior police officer Vidhi Chaudhary said the man had been in seat 11A and added that there may be a few more survivors in the hospital. 00:19 - Source: CNN Vertical World News 16 videos Passenger survives Air India plane crash At least one passenger on board Air India Flight 171 to London Gatwick survived, local police said. According to Reuters, senior police officer Vidhi Chaudhary said the man had been in seat 11A and added that there may be a few more survivors in the hospital. 00:19 - Source: CNN Video shows moment plane crashes in India Social media video shows flames and thick smoke billowing into the air, as an Air India passenger plane, carrying 242 people, crashed shortly after takeoff. The plane had departed an airport in Ahmedabad, India and was bound for London's Gatwick Airport. 00:20 - Source: CNN Violence enters third day in Northern Ireland Unrest has spread to more towns in Northern Ireland after violence initially started in Ballymena. The third night of disturbances saw a leisure center, that had been recently used to shelter immigrants, set ablaze by masked youths. 00:45 - Source: CNN China's 'trump' card in the US trade war The US and China have agreed on a plan to roll out their trade truce after days of negotiations in London. CNN's Phil Mattingly explained what brought both sides to the table, and where the relationship goes from here. 02:00 - Source: CNN Rare deep-sea squid filmed alive for first time Scientists have captured the first-ever footage of the elusive Gonatus antarcticus squid alive in its deep-sea habitat. CNN's Jeremy Roth describes the rare encounter. For more on this story, visit 01:12 - Source: CNN Analysis: Is Netanyahu's government under threat? Among an ongoing corruption trial, protests against his leadership and an upcoming vote to dissolve the government, CNN's Oren Liebermann looks at the growing pressure on Israel's Prime Minister Benjamin Netanyahu. 01:59 - Source: CNN Austrian mayor of city hit by school shooting speaks to CNN Austria is reeling from one of the worst rampages in the country's history after a gunman opened fire at a high school in the city of Graz, killing 10 people, including teenagers. Elke Kahr, mayor of Graz, spoke to CNN's Frederik Pleitgen during a candlelight vigil as the city reflects on the rare tragedy. 01:15 - Source: CNN BTS members discharged from South Korean military One of the world's biggest boybands could soon be making a comeback with six out of seven members of K-Pop supergroup BTS now discharged from South Korea's mandatory military service. The band plans to reunite at some point later this year. 00:47 - Source: CNN Mexican flags at LA protests spark heated debate Mexico's flag has become a defining symbol of the protests in Los Angeles, sparking a heated debate amongst the Latino community about whether or not it's disrespectful. CNN's Rafael Romo breaks down the debate and what the it means to be Mexican-American right now. 01:53 - Source: CNN Hear Mexico president's response to LA protests Mexican President Claudia Sheinbaum said she does not agree with the violent immigration protests in Los Angeles and urged Mexicans in California to 'not fall into provocations.' The president emphasized that Mexicans in the US 'are good men and women.' 00:36 - Source: CNN Austria hit by rare school shooting A gunman in Austria opened fire on a school in the southern city of Graz, killing himself and at least nine others. The death toll includes teenagers between the ages of 14 and 18, the Austrian interior ministry said. CNN's Frederik Pleitgen reports. 01:05 - Source: CNN Ukrainian boxer to Trump: 'Open your eyes' World heavyweight boxing champion Oleksandr Usyk shared a message for President Trump in an interview with CNN, asking him to help Ukraine as it continues its fight against a full-scale Russian invasion. 00:54 - Source: CNN Israeli military intercepts Gaza-bound Freedom Flotilla Israel has intercepted a Gaza-bound aid ship carrying Greta Thunberg and other prominent activists, detaining those onboard, according to the Freedom Flotilla Coalition (FFC), with Israel's foreign ministry saying activists have been taken to Israel 01:23 - Source: CNN Why Trump is on billboards in Syria's capital city Billboards thanking President Trump have popped up across Damascus, Syria's capital city. CNN's Clarissa Ward meets the woman trying to 'Make Syria Great Again.' 01:18 - Source: CNN Colombian presidential hopeful Miguel Uribe shot in Bogota A Colombian senator and presidential hopeful is in a critical condition after being shot twice at an event in Bogota, according to national police and prosecutors. Police arrested a 15-year-old carrying a Glock pistol, according to the Attorney General's Office. Miguel Uribe expressed intentions to run in the 2026 presidential election for the country's largest opposition party, the center-right Centro Democrático, or Democratic Center. 01:05 - Source: CNN Why China doesn't need the US auto market If there is one thing to be learned from Auto Shanghai - China's largest automobile show - it's that China has dozens of car brands that can rival Western ones. BYD surpassed Tesla's profits, but other EVs like those made by Zeekr, Xiaomi and Chery are quickly joining the race. CNN's Marc Stewart took a rare test drive of Zeekr's new 7GT. 00:44 - Source: CNN
