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GOP unveils plan for ‘Trump Health Freedom Accounts’ to replace Obamacare subsidies with state waivers

The leader of the House GOP’s largest caucus is rolling out a plan to scale back Obamacare while giving Americans the option to open new health savings accounts (HSAs) named after President Donald Trump. Republican Study Committee Chairman August Pfluger, R-Texas, is filing legislation on Monday called ‘The More Affordable Care Act,’ he told Fox News Digital. States would be allowed to opt out of major facets of Obamacare, formally called the Affordable Care Act...

Can You Spot the Difference Between Budget & Boutique Traditional Radiators?

Choosing the right traditional radiators can feel a bit tricky at times. Many of us spend hours researching to figure out what sets budget-friendly options apart from high-end boutique designs. In this guide, we’ll look at materials, styles, heat output, and more to help you make an informed choice. Read on to see which option suits your home best! Key Takeaways Budget radiators are affordable and practical, using basic materials like steel, with limited designs...

Your next laptop could cost £300 more after AI land-grab triggers soaring memory prices

A global race for AI supremacy may now hit consumers squarely in the wallet, with experts warning that laptops, consoles and even everyday business tech could rise in price by £300 or more after OpenAI tied up a vast share of the world’s memory chip supply. Over the summer, a 32GB memory kit retailing at around £100 jumped to more than £400, after OpenAI quietly secured agreements giving it priority access to 40% of global...

Labour minister admits ‘life is s**t’ for young adults as housing, childcare and taxes squeeze living standards

A Labour minister has delivered a startlingly candid assessment of life for young people in Britain, declaring that for many, “life is s**t”. Josh Simons, the parliamentary secretary for the Cabinet Office and co-founder of the Labour Growth Group, made the frank remark on X in response to new analysis highlighting the soaring costs of housing and raising a family. Reacting to a report from The Times showing that bringing up a child now costs...

Jobs growth collapses ahead of budget as businesses cut staff at fastest rate since the pandemic

British businesses shed staff at the sharpest rate in more than three years in the run-up to Rachel Reeves’s second budget, as months of swirling tax speculation paralysed hiring decisions and pushed employers into contraction mode. New figures from the Bank of England show private-sector employment fell by 1.8% in November – the steepest monthly drop since July 2021. Finance directors told the Bank they also expect to reduce their workforces by an average of...

AJ Bell hits out at ‘crazy’ Isa overhaul as tax fears trigger £600m pension exodus

One of Britain’s biggest DIY investment platforms has warned that prolonged budget speculation inflicted real financial damage, after savers rushed to drain about £600 million from their pensions amid fears Rachel Reeves would slash tax-free lump sum rules. Michael Summersgill, chief executive of AJ Bell, said months of rolling briefings and hints of a tax raid had prompted thousands of customers to make precautionary withdrawals in September and October, convinced the Treasury was preparing to...

Ocado secures $350m Kroger payout as another US robo-warehouse is scrapped

Ocado has claimed a rare financial win after US grocery giant Kroger agreed to pay the British retail-tech group $350 million (£276m) in compensation, even as it scrapped another of the automated warehouses built around Ocado’s much-touted robotic fulfilment technology. Shares in the FTSE 250 company jumped as much as 16% in early trading on Friday before settling nearly 7% higher, offering brief respite for a business that has seen its market valuation collapse from...

Tesla takes the biggest hit as UK EV growth stalls amid new road-tax fears

The UK’s electric vehicle market hit the brakes in November, delivering its weakest growth in almost two years as the Chancellor’s looming pay-per-mile tax sowed uncertainty among buyers, and left Tesla nursing the sharpest fall in registrations. New figures from the Society of Motor Manufacturers and Traders (SMMT) show that just under 40,000 battery-electric vehicles (BEVs) were registered last month — only a 3.6% rise on November 2024, and a dramatic slowdown for a sector...

Barclays Eagle Labs and Sustainable Ventures launch £500m-backed climate tech accelerator to scale UK innovators

Barclays Eagle Labs and Sustainable Ventures launch National Climate Tech Accelerator to supercharge UK’s green innovation economy The UK’s climate tech sector is set for a major boost as Barclays Eagle Labs and Sustainable Ventures officially launch the National Climate Tech Accelerator (NCTA) — a nationwide programme designed to fast-track the growth of the UK’s most promising climate and sustainability startups. Applications opened in early November, and more than 80 high-potential climate tech founders from...

Netflix seals £54bn takeover of Warner Bros in era-defining entertainment shake-up

Netflix has agreed a £54 billion deal to buy Warner Bros, setting the stage for one of the biggest and most transformative mergers the entertainment industry has ever seen. The streaming giant confirmed on Friday that it had reached a $72 billion agreement to acquire Warner Bros Discovery’s storied film and TV assets, including HBO — the home of Succession, The Last of Us and Game of Thrones. If approved by US regulators, the takeover...