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The taxpayer's stake in NatWest, formerly known as Royal Bank of Scotland, has dipped below 4%, now standing at 3.95% after a recent share sale. This marks a significant reduction from the 84% stake acquired during the 2008 bailout, as the bank moves closer to full privatization. Investment group BlackRock has taken over as the largest shareholder, while plans for a public sale of remaining shares were abandoned following the last general election.
Šakalienė warned that a Russian invasion of Lithuania would lead to severe atrocities, emphasizing the need for European nations to take responsibility for their defense. Meanwhile, the Isle of Man has passed a bill legalizing assisted dying, making it the first in the British Isles to do so. In other news, Israeli authorities released Palestinian director Hamdan Ballal after his detention, and a Sudanese war monitor accused the military of a deadly airstrike in Darfur.
Lloyds Banking Group misclassified £44.1bn of customer deposits as interest-bearing in submissions to the Bank of England, leading to inaccuracies in data used by the Financial Conduct Authority (FCA) for its cash savings market review. The error, identified and corrected late last year, inflated the amount of non-interest-bearing accounts to £282bn. While Lloyds stated there was no impact on customers or financial reporting, the mistake raised concerns about the reliability of historical data used by the FCA.
Britain's government faces ongoing challenges in efficiency, prompting discussions on potential improvements. Former chancellor Jeremy Hunt joins the conversation amid the establishment of new agencies aimed at enhancing public service effectiveness, reflecting a broader debate on government performance.
Britain's new finance minister, Rachel Reeves, is set to announce significant tax hikes, potentially the largest in 30 years, to address public service issues and fund election pledges. The Labour government plans to increase borrowing by £20 billion for public investment while aiming to reassure investors of economic stability. Reeves emphasizes the need for substantial investment to drive growth, despite concerns over business optimism and the impact of higher taxes on the wealthiest citizens.
New driving law changes coming in October will introduce a Private Parking Sector Single Code of Practice, mandating a 10-minute grace period for overstays. Additionally, medical licence standards will align with UK and EU regulations, affecting drivers with certain health conditions. Motorists may also face rising fuel costs as Labour's budget could impact existing fuel duty cuts.
Jeremy Hunt
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taxpayer stake in natwest falls below four percent as privatization nears
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21:25 25.03.2025
global news roundup russian invasion concerns assisted dying bill and middle east updates
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lloyds bank misclassifies 44 billion in deposits impacting savings market data
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06:01 27.02.2025
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UK finance minister proposes significant tax hikes and increased borrowing in budget
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23:35 29.10.2024
new driving laws introduce medical licence changes and parking regulations
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09:00 29.09.2024
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