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11.07.26 - 13:48
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What are the rules on political donations and gifts in the UK? (The Guardian)
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Mega-donors are coming under scrutiny with growing calls for donations cap beyond those from overseas investorsThe question of who funds politicians and political parties – and why they want to give money to get people elected – is an extremely heated one. In principle, UK voters can support their chosen politicians through donations or benefits, as long as those candidates and their parties keep within spending limits during an election period, which is designed to stop powerful interests from influencing the result.However, recent years have seen the rise of mega-donors giving vast sums to political parties, leading to calls for a new cap on the amount one individual or company can donate in a year. There has also been pressure for greater transparency around financial interests after the furore over Nigel Farage's £5m gift from Thailand-based crypto billionaire Christopher Harborne, shortly before the Reform UK leader became an MP. The rules state that gifts only have to be declared if they are p...
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11.07.26 - 09:06
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World Cup quarter-final expected to generate £500m sales boost for UK economy (The Guardian)
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As England prepare to take on Norway on Saturday, sales of pints, takeaways and new TVs continue to surgeFrom a cosy Norwegian pub to outdoor fan zones packed with hopeful England football fans, Saturday's World Cup quarter-final between the two nations is expected to generate a multimillion-pound windfall for venues showing the game.The quarter-finals will collectively generate a near half-billion pound sales increase for the wider UK economy, as fans drink 9.3m pints, order takeaways and splash out on new TVs, according to one estimate. Continue reading......
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10.07.26 - 16:48
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Bank of England handed powers to regulate key tech firms including Amazon and Google (The Guardian)
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Direct oversight of 'critical third parties' such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economyThe Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm consumers.From Monday, the Bank and fellow City regulator the Financial Conduct Authority (FCA) will be in charge of ensuring that four large-scale providers of cloud and tech services to banks are resilient and actively reducing the risk of cyber-attacks and major outages that could disrupt services for millions of people and businesses across the UK. Continue reading......
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09.07.26 - 08:54
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UK housing market downturn eases but sentiment remains ′fragile′, surveyors say – business live (The Guardian)
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Brent crude dips slightly below $78 a barrel; most Asian stock markets bounce backIpek Ozkardeskaya, senior analyst at the financial group Swissquote, has summed up the flare-up in Middle East tensions, and looked at the implications.Donald Trump declared the ceasefire over, and the US continued bombing Iran last night. Washington also revoked the recent easing of Iranian sanctions, meaning that Iran will not be able to sell the tens of millions of barrels currently at sea, while Tehran said it will launch a “large-scale retaliatory” operation against US bases across the Gulf region, she notes. Meanwhile, Russia is limiting some energy exports to avoid domestic shortages amid Ukrainian attacks on Russian energy facilities.What a wonderful world.The latest turn of events in the Middle East has reversed the short-term bearish outlook for oil prices. US crude has risen as much as 13% since last week's dip and is now testing the $75 a barrel level to the upside, with an increasing possibility of the barr...
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08.07.26 - 22:54
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Farage told me he would quit politics after Brexit. Now, mired in scandal, he should do it and mean it | Simon Jenkins (The Guardian)
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His byelection stunt shows he is clearly rattled by a perilous position. Wildcards rarely endure: his future is behind himBritain's politics was never so weird. First, the people of Makerfield choose who should be the new prime minister. Now the people of Clacton are to confirm the man who is currently his most popular challenger. Nigel Farage's Reform UK is still running ahead of all other parties, and he is ahead of all other current leaders. It would be foolish to underestimate him.Farage is a cut above the normal populist upstart. His image as the amiable duffer in the golf club bar was once that of a traditional Tory backbencher. He took to Brexit not as an economic theoretician but as a flag-waving nationalist. He exploited race as a populist issue, coded as immigration, but had little interest in any wider political programme. Brexit to him was simply a mid-career adventure.Simon Jenkins is a Guardian columnist Continue reading......
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