Category: Politico News

Instead of making it easier to import rival products, Betts said the government should be addressing the “acute pressures” the sector is facing, including high energy costs and “overly complex” regulation. A spokesperson for Princes Group, which produces Branston Baked Beans in the U.K., said removing tariffs on imported finished baked beans was “unlikely to […]

He said the increase in spending would include “looking hard at public spending” and using “innovative financing,” including a joint procurement initiative with Finland, Poland, and the Netherlands. Healey’s more immediate task was to find £4.7 billion to plug gaps in the blueprint for developing the U.K.’s armed forces, the Defence Investment Plan, published earlier […]

A group of countries including Germany, Italy, Greece and France all objected to mentioning associate membership in a joint EU-Canada statement. Listen AI generated Text-to-speech

Around 20 million households will be targeted for the energy payment “directly into people’s bank accounts to deal with rising energy bills,” Healey said. The scheme comes with a £2.6 billion price tag. On the revenue-raising side, Healey has opted to target Britain’s banks. While praising their “huge contribution,” the chancellor is hiking an existing surcharge […]

Previously, these marketplaces only had to collect VAT on behalf of overseas sellers and not domestic ones. Some overseas sellers then exploited this gap to avoid paying the tax by registering as U.K. based companies. The government plans to reinvest the savings made from this policy into the high street through reductions to business rates. […]

Speaking to reporters Tuesday, Zelenskyy praised the two Nordic leaders for their help, saying he had a “positive” view of them. “We really have very good relations with these countries. They truly help,” Zelenskyy said.  The Ukrainian leader said Putin had been taken out of diplomatic isolation last year when U.S. President Donald Trump met […]

The British defense secretary will meet his German counterpart in Berlin for talks on NATO, Ukraine and joint weapons projects as the two countries deepen military cooperation. Listen AI generated Text-to-speech

It’s budget day – and it’s a critical moment for the chancellor and the UK economy. So, what are the plans to ease the squeeze on household bills and the cost-of-living crisis? Sam Coates and Anne McElvoy unpack the high-stakes decisions facing the government, and how John Healey plans to raise billions in additional revenue […]

Europe’s united front on Ukraine is showing cracks. Finnish President Alexander Stubb and Norwegian Prime Minister Jonas Gahr Støre have opened a direct line to Vladimir Putin, drawing criticism from some fellow European leaders — even as Ukraine backs their efforts. Nicholas Vinocur and Paul Dallison examine the fallout and the growing scramble over who […]

“The key lesson that should be drawn from the case of Serbia is that the EU can very easily lose credibility and integrity if it ignores the causes of democratic backsliding in a country,” said Srdjan Majstorović, chairman of the governing board of the European Policy Center (CEP), a think tank. According to CEP data […]