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Labour win 2024 UK General Election – what it means for your money

Labour have won the 2024 UK General Election with a significant majority – gaining over 400 seats, but (and) an estimated 35% of the vote, the lowest share for a governing party in history.Labour’s big majority in the Commons disguises the support for smaller parties and independents in terms of vote share. This, along with lots of knife-edge results, means the size of the victory will still leave MPs worrying about the safety of their seats at the next election, as difficult decisions are taken in office.Later today, incoming prime...
Money

Borrell claims EU intends on sending EUR1.4bn in Russian money to Ukraine

(MENAFN) During a press conference following a meeting of European Union Council foreign ministers, Josep Borrell, the European Union's foreign affairs chief, announced the approval of transferring EUR1.4 billion (USD1.5 billion) from frozen Russian assets to Ukraine as military assistance. This decision marks a significant step in utilizing windfall profits generated by Russian assets immobilized within the European Union due to sanctions imposed over the Ukraine conflict.The European Union has frozen approximately USD300 billion in Russian sovereign assets, with a substantial portion amounting to...
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