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The latest local and national UK and International news.

Billionaires see fortune grow by £2bn a day as wealth of the world’s poorest dwindles by 11%

The fortunes of the world’s richest people rose by £2 billion a day last year, while the wealth of the poorest dwindled by 11 per cent. Some 3.4 billion people were forced to survive on less than £4.27 a day each according to new Oxfam research. The 26 richest people globally now hold the same wealth as the poorest half of the population – compared with the richest 43 in 2017. According to the Public Good or Private Wealth? study...

Generous taxpayer-backed pensions give top government bureaucrats an average pot of over £900k

A groundbreaking investigation into public sector pensions has revealed the 22 individuals who run UK government departments have an annual average pot of £907,273. The TaxPayers’ Alliance (TPA) has today revealed the details of some of the most generous unfunded pensions in Whitehall, with Sir Simon McDonald, head of the Foreign and Commonwealth Office, currently sitting on a pension pot valued at £1,858,000. Fourteen of the top government bureaucrats will also receive a huge lump sum payout in addition to their annual...

Brexit blamed as Philips close Suffolk factory

Brexit has been blamed as one of the deciding factors behind a factory closure in Suffolk with 430 jobs at risk, the East Anglian Daily Times has revealed. Philips Avent will move most of its operations from its factory in Glemsford to Philips’ existing innovation and manufacturing site in Drachten, the Netherlands. The site manufactures products for the non-UK market, exports that will be put in jeopardy once the country leaves the EU single market. Staff were told that Brexit was...

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