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The National
30 minutes ago
- The National
George Robertson warns Nato defence spending hike will be 'painful'
George Robertson, who was secretary general of the alliance from 1999 to 2003, hinted that public spending will need to be further squeezed to afford increased military spending. The former Labour MP, now a member of the House of Lords, told Politico: 'It will be painful, and it will be difficult, and it will require politicians to outline what the dangers and the risks actually are.' He insisted that the UK Government must make the political argument for spending ever more on defence, saying that the public were 'unaware' of the depleted state of the nation's military adding: 'If they were aware of it that might change opinions.' The UK Government has already raided the international development budget to fund an increase in defence spending and has now signed up to spend 5% of gross domestic product, a measure of the size of the national economy, on the military. (Image: Annabelle Gordon, REUTERS) It comes after Donald Trump demanded Nato members hike their defence budgets, after complaining that US allies were 'freeloading' on the huge sums spent by America. However, major concerns have been raised about increased military spending, with a former adviser to the United Nations' secretary general previously warning that it would not make the UK safer. Mark Seddon, who was an adviser to Ban Ki-moon, told The National: 'We're promising to increase defence spending eventually to 5% which is a very substantial increase, and that can only mean major cuts in education, health spending, welfare spending, right across the board. READ MORE: Police probe after Scottish Scout group 'mistaken for refugees' suffer racist abuse "That isn't really being debated in any serious way, it seems to me.' He added: 'The idea that spending more on munitions factories is going to save the British economy and make us safer is for the birds.' Keir Starmer (below) has pitched the defence spending spree as a way of jump-starting the ailing UK economy – an argument that has also been dismissed by experts. Economist James Meadway previously told The National that it was 'one of the most inefficient ways to create jobs'. He said: 'If the Government is saying military spending, ramping up defence production will create more jobs, this is a bad way to do that.' Meadway added: 'The stuff that really creates jobs, it's actually probably fairly obvious. 'If you go to the NHS and you put more money into that, that means you're pretty immediately going to employ more nurses, more doctors, more people to your hospitals – all sorts of people working in a pretty labour-intensive healthcare occupation.'
The Guardian
30 minutes ago
- The Guardian
UK small business owners: have your hiring practices changed recently?
Hiring intentions among British businesses are at a record low, according to new research. Experts suggest bosses are 'stuck in limbo' and are waiting for greater clarity in the autumn budget, as they grapple with rising employment costs and worry about the economic outlook. Only 57% of private sector employers plan to recruit staff in the next three months – down from 65% in autumn 2024, according to the Chartered Institute of Personnel and Development (CIPD). The hospitality and care sectors, and other organisations that hire young people, have been hit the hardest by mounting employment costs, the CIPD said. We would like to hear from you if you own a small business and your recruitment practices have changed over the last few months. If you've had a recruitment freeze, tell us why. Is this a short-term measure, or are you now resigned to working with fewer staff? Share your experiences in the form below or by messaging us. Please include as much detail as possible. Please include as much detail as possible. Please note, the maximum file size is 5.7 MB. Your contact details are helpful so we can contact you for more information. They will only be seen by the Guardian. Your contact details are helpful so we can contact you for more information. They will only be seen by the Guardian. If you include other people's names please ask them first. Contact us on WhatsApp at +447766780300. For more information, please see our guidance on contacting us via WhatsApp. For true anonymity please use our SecureDrop service instead. If you're having trouble using the form click here. Read terms of service here and privacy policy here.
Reuters
30 minutes ago
- Reuters
Sanofi stops supply of high cholesterol drug to China due to limited availability
SHANGHAI, Aug 12 (Reuters) - Sanofi ( opens new tab said on Tuesday it had stopped supplying Praluent, a popular cholesterol drug jointly developed by the French pharmaceuticals firm and its partner Regeneron Pharmaceuticals, in China due to limited availability. "The surge in demand has led to limited availability in China, and some other countries," Sanofi said in a statement sent to Reuters, adding "at the moment Praluent's supply in China has already stopped." It didn't say when supply would resume. Sanofi said it had "invested to strengthen global production of Praluent, to meet a rising global demand which accelerated sharply over the past two years". The company said clinical experts had found there were other medicines on China's National Reimbursement Drug List that were "safe and appropriate" for patients currently being treated with Praluent and it was working with healthcare providers in China to "ensure a smooth transition for patients". Sanofi is the latest foreign drugmaker to stop supplying popular medications to China. Merck (MRK.N), opens new tab suspended shipments of its blockbuster human papillomavirus vaccine Gardasil to the country in February, citing weak discretionary spending.
