Infrastructure cuts to pay for defence will cost UK 10,000 jobs, analysis shows

Exclusive: Findings cast doubt on Starmer claims that reallocation of funds to MoD will boost British jobs

Keir Starmer’s decision to cut billions of pounds of infrastructure spending to pay for more defence equipment will end up costing the UK 10,000 jobs, according to an analysis of the government’s own figures.

The prime minister announced this week he was putting an extra £15bn into defence investment to revamp the country’s armed forces and boost British manufacturing.

Continue reading...

from The Guardian https://ift.tt/Fl9vrnf

Comments

Post a Comment

Popular posts from this blog

The heartbreak of watching a parent fall for fraud: ‘Dad, this is a scam – have you given her money?’ | Naima Brown

The scammers my dad encountered were not sophisticated, my father suspended his own disbelief wilfully. But many scammers are sophisticated and they’re getting harder to detect Bomba wasn’t the first, but she exploded in our lives like a digital grenade. She’s not real, I told my dad – then in his early seventies. I was in Australia at this time, where I’ve lived for the last 13 years. Physically speaking, he was still in California – but within himself he was adrift in a rapidly sinking lifeboat, floating in a morass of debris primarily of his own doing. But it must be said before I go further: my dad isn’t the bad guy in this story. Not this time. At times, he was the bad guy in other people’s stories– but that is another story. If she’s not real, he countered, then how is it that we’ve spoken on the phone? That we video-chatted? I’ll admit that threw me. In most catfishing stories the catfish goes to great lengths to avoid video chatting. But my dad being the unreliable sourc...
Read more

Oil prices sink after Iranian strike on US airbase reduces fears of market disruption

Crude oil prices dropped by 7% on hopes that the conflict would not immediately disrupt region’s oil supplies Oil prices dropped sharply after Iran’s retaliatory missile strike on a US airbase reduced concern that the country was poised to strain energy markets by closing off a vital trade route. Crude oil prices sank by 7% on Monday, with West Texas Intermediate (WTI) futures dropping to $68.51, as the Iranian action on the Al Udeid base in Qatar raised hopes that the conflict would not immediately disrupt oil supplies from the region. Continue reading... from The Guardian https://ift.tt/YfVrHjP
Read more