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The latest local and national UK and International news.

BoE’s interest rate hike is ‘premature & unnecessary’ & could be ‘motivated to protect reputations’

The Bank of England’s interest rate hike has been slammed as “premature” by the CEO of one of the world’s largest independent financial advisory organisations, who added the rate decision could be “motivated to protect reputations.” Nigel Green, founder and chief executive of deVere Group, is speaking out after the governor of the UK’s central bank, Mark Carney, announced today (Thursday) a rate rise from 0.5 per cent to 0.75 per cent, taking the UK's base rate of interest to...

Pharmaceutical company is stockpiling drugs in preparation for hard Brexit

A French drugs company has increased it stock to give it a 14 week buffer in the case of a hard Brexit. The company, Sanofi, is increasing various product lines, including insulin. The concern is that if the UK can’t reach a deal with the UK there could be transportation issues by land and air. Hugo Fry, managing director, Sanofi UK said: "The uncertainty in the Brexit negotiations means that Sanofi has been planning for a 'no deal' scenario." He...

Conservative-run council may have to cut services to vulnerable kids

Worrying news has emerged from a Tory-run Local Authority, who might be forced to slash its services to vulnerable children and adult social care. Northamptonshire County Council said their budget issues were of an “extremely serious nature.” This meant that there needs to be spending controls to try and balance the books. It is thought the budget shortfall is £60-70m for this year. Council leader Matthew Golby warned the council may face having to decide "what we can realistically provide...

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