logo
Starmer Pledges UK Workers to Gain From Military Spending Boost

Starmer Pledges UK Workers to Gain From Military Spending Boost

Bloomberg08-05-2025

Prime Minister Keir Starmer said British workers would benefit from the UK's plans to boost military spending, as his government tries to convince a skeptical and disgruntled electorate of the merits of increased outlays on defense.
'Our task now is to seize the defense dividend,' Starmer is due to say in a speech to military figures and defense companies in London on Wednesday, commemorating the 80th anniversary of VE Day. 'Felt directly in the pockets of working people, rebuilding our industrial base and creating the jobs of the future,' he will say, according to pre-briefed remarks from 10 Downing Street.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ahmedabad Air India crash: Here's how 1 person (Ramesh Kumar) survived the tragic plane crash
Ahmedabad Air India crash: Here's how 1 person (Ramesh Kumar) survived the tragic plane crash

Business Upturn

time15 minutes ago

  • Business Upturn

Ahmedabad Air India crash: Here's how 1 person (Ramesh Kumar) survived the tragic plane crash

In a rare and miraculous escape, Ramesh Kumar, a passenger on the ill-fated Air India flight AI-171, survived the devastating crash that occurred shortly after takeoff from Ahmedabad airport on Thursday. The London-bound flight, carrying 242 passengers and crew, crashed into a densely populated residential area, causing multiple fatalities and injuries. Kumar, seated on 11A, reportedly jumped out of the aircraft through the emergency exit moments before the crash. Ahmedabad Police Commissioner GS Malik confirmed, 'The police found one survivor in seat 11A. He is currently undergoing treatment at a hospital.' In response to the tragedy, the Tata Group, which owns Air India, has extended heartfelt condolences and announced a comprehensive support package for affected families. Chairman of Tata Sons, N Chandrasekaran, said, 'No words can adequately express the grief we feel at this moment. Our thoughts and prayers are with the families who have lost their loved ones, and with those who have been injured.' As part of the relief measures, the Tata Group has pledged ₹1 crore compensation for the families of each victim. The conglomerate will also bear all medical expenses for the injured, ensuring access to proper treatment and rehabilitation. Additionally, Tata has committed to supporting the development of hostel infrastructure at B J Medical College in Ahmedabad, strengthening the region's healthcare education system. Rescue operations are ongoing, and authorities continue to provide assistance on the ground. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

Boeing stock plummets after Air India crash, dealing major setback as new leadership tries to rebuild trust
Boeing stock plummets after Air India crash, dealing major setback as new leadership tries to rebuild trust

New York Post

time19 minutes ago

  • New York Post

Boeing stock plummets after Air India crash, dealing major setback as new leadership tries to rebuild trust

Boeing's shares fell 5% on Thursday after an Air India 787-8 Dreamliner jet crashed minutes after taking off, posing a major setback for the planemaker as its new CEO looks to rebuild trust following a series of safety and production challenges. All 242 people on board the London-bound plane were killed in the crash in the western city of Ahmedabad, authorities said, in the world's worst aviation disaster in a decade. It was not immediately clear what caused the crash. Boeing said in a statement it was aware of initial reports and was working to gather more information. Advertisement 3 All 242 people on board the London-bound plane were killed in the crash in the western city of Ahmedabad, authorities said, in the world's worst aviation disaster in a decade. SIDDHARAJ SOLANKI/EPA-EFE/Shutterstock The fatal crash tarnishes the Dreamliner jet's safety record and muddies CEO Kelly Orthberg efforts to ramp up production as the airplane maker scored a flurry of new orders and hit production targets in May, heading into the Paris airshow. The widebody 787 planes, one of the most modern passenger aircraft in service, have never had a fatal crash until the Air India incident. They were grounded in 2013 due to battery issues, but no one was reported injured. Advertisement Boeing, however, has faced years of scrutiny and delays over its narrowbody 737 MAX jets, which were grounded for years following two fatal crashes. Last year, the US planemaker came under renewed scrutiny after a door plug blew off a 737 MAX 9 mid-flight, prompting a temporary FAA grounding and fresh concerns over quality control. 3 The fatal crash tarnishes the Dreamliner jet's safety record and muddies CEO Kelly Orthberg efforts to ramp up production as the airplane maker scored a flurry of new orders and hit production targets in May. Mattie Neretin/CNP / Shares of Spirit AeroSystems, a key supplier, and GE Aerospace, which makes engines for the jet, also fell about 3% each. Advertisement GE Aerospace said in a post on X that it had activated its emergency response team and would support the investigation, but did not specify if the Air India aircraft was equipped with its engines. The engine maker did not immediately respond to a Reuters request for comment. 3 Last year, the planemaker came under renewed scrutiny after a door plug blew off a 737 MAX 9 mid-flight, prompting a temporary FAA grounding and fresh concerns over quality control. AFP via Getty Images Advertisement Boeing shares were trading at $196.75 after falling as much as 8 percent before the opening bell. 'It's a knee jerk reaction (to the incident) and there's revised fears of the problems that plagued Boeing aircraft and Boeing itself in recent years,' said Chris Beauchamp, analyst at IG Group.

UK ‘ready to go' on implementing US trade deal, says Business Secretary
UK ‘ready to go' on implementing US trade deal, says Business Secretary

Yahoo

time23 minutes ago

  • Yahoo

UK ‘ready to go' on implementing US trade deal, says Business Secretary

The UK is 'ready to go' on implementing its trade deal with the US, the Business Secretary has said. The deal, announced last month by Sir Keir Starmer and Donald Trump, will see British tariffs on steel and automotive exports to the US slashed in exchange for greater access to the UK for some American goods. But the deal has still not been implemented, with both Washington and London yet to take the necessary steps to reduce tariffs. Speaking at a lunch for Westminster journalists on Thursday, Business Secretary Jonathan Reynolds said the UK was ready to implement the deal, suggesting the White House was responsible for the hold-up. He said: 'We are ready to go on our side. 'In terms of the steps I need to take, I will inform the House with a written ministerial statement and lay the statutory instruments for the reciprocal part of that deal, which is obviously about beef and ethanol for us on this side. 'So we're ready to go, and as soon as the president and the White House on their side are able to, we will implement that part of the deal.' The Business Secretary added he was 'very hopeful' that the agreement would come into effect 'very soon', but acknowledged negotiations had not 'always been easy'. Mr Reynolds's comments follow his meeting with US commerce secretary Howard Lutnick on Tuesday to discuss implementing the deal. The meeting, which the Prime Minister also dropped in on, was the latest in a series of engagements aimed at securing a reduction in the tariffs Mr Trump imposed on the UK and the rest of the world on April 2. Along with 10% tariffs on all British goods, the president imposed 25% levies on cars and steel. He later increased the tariff on steel to 50%, but gave the UK a reprieve, keeping Britain's rate at 25% until at least July 9. Under the broad terms of last month's agreement, the US will implement quotas that will effectively eliminate the tariff on British steel and reduce the tariff on UK vehicles to 10%.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store