Supermarkets tell Reeves tax rises could push food prices higher

The Fabian Society is advocating for Chancellor Rachel Reeves to raise £12 billion in the upcoming budget by extending the freeze on income tax thresholds for an additional two years. This proposal is seen as the best option to counteract the effects of disappointing economic forecasts. By implementing this measure, the government could stabilize its finances while addressing the challenges posed by the current economic climate, making it a significant consideration for policymakers.

MPs are cautioning that reducing the cash Isa limit in the upcoming November budget won't necessarily lead to more investments in the stock market. Instead, they warn it could result in higher mortgage rates, which would impact many homeowners. Currently, a significant portion of Isa contributions is directed towards cash savings rather than stocks, indicating that simply changing the allowance may not shift investor behavior. This discussion is crucial as it highlights the potential unintended consequences of fiscal policy on the housing market and personal finances.

NatWest's CEO, Paul Thwaite, has urged the UK government to avoid raising taxes on banks in the upcoming autumn budget, especially after the bank reported a remarkable 30% increase in profits. Thwaite acknowledges the tough decisions facing Chancellor Rachel Reeves to address a potential £30 billion shortfall in public finances, but emphasizes the importance of maintaining fiscal discipline while fostering stability and growth. This stance is significant as it highlights the delicate balance between government revenue needs and the health of the banking sector, which plays a crucial role in the economy.

Frances Boyd is considering job offers from Waitrose and Asda for her son Tom, who is autistic. This development is significant as it highlights the growing awareness and acceptance of neurodiversity in the workplace, showcasing how companies are beginning to recognize the value of inclusive hiring practices.

In a thrilling El Clasico, Real Madrid triumphed over Barcelona with a 2-1 victory, thanks to goals from Kylian Mbappé and Jude Bellingham. This win not only secures Madrid's dominance in this historic rivalry but also places them five points ahead in La Liga, showcasing their strong form this season. Fans are buzzing with excitement as the team continues to build momentum.

In NFL week eight, fans can follow live updates from exciting matchups including the Ravens vs. Bears and Eagles vs. Giants. The Panthers are struggling against the Bills, currently trailing 0-6. This week is crucial as teams vie for playoff positions, making every game significant for fans and players alike.

The Premier League match between Everton and Tottenham is underway, with live updates highlighting key moments and player interactions. Early chances have been created, showcasing the competitive spirit of both teams. This match is significant as it impacts the league standings and fan engagement, making it a focal point for football enthusiasts.

The USS Gravely has arrived in Trinidad and Tobago, marking a significant moment amid rising tensions between the US and Venezuela. This military presence highlights the ongoing build-up of US forces in the region, which has implications for diplomatic relations and regional security. Understanding these developments is crucial as they could affect stability in the Caribbean and beyond.

In an exciting La Liga clash, Real Madrid triumphed over Barcelona with a score of 2-1 at the iconic Bernabéu stadium. This match not only showcased the fierce rivalry between these two football giants but also highlighted the passionate atmosphere created by the fans. The victory is significant for Real Madrid as it strengthens their position in the league, making the title race even more thrilling. Additionally, the game comes amidst discussions about La Liga's plans to host matches abroad, which adds another layer of intrigue to the league's future.

The recent claim by a rebel group regarding the capture of el-Fasher marks a significant escalation in the ongoing conflict in Sudan. This development not only solidifies the RSF's control over the western region but also highlights the deepening divisions within the country. The implications of this power shift are profound, as it could lead to further instability and a more pronounced split in Sudan's governance.