#political-risk

#political-risk

Sir Tony Blair has urged Energy Secretary Ed Miliband to ditch his 2030 clean power target and cut green levies as his think tank warns that current climate policies are driving up costs for homes and businesses. A new report from the Tony Blair Institute (TBI), personally approved by the former prime minister, claims the government's commitment to fully decarbonise the electricity grid by 2030 is "destroying industry" and "damaging households."

The aim is for the ID cards to be rolled out before the next election and initially used to prove people's right to work, before being expanded to store health and benefits data to streamline access to public services and tackle fraud. Ministers have told MPs there is a firm commitment to build the digital ID within the public sector and not contract it out to private companies.

The alternative is strikes continue to hold back the NHS's recovery, the costs of industrial action slow down investment in new technology, equipment and additional specialty places, the changes that we all agree need to be made are blocked, and patients continue to be failed. From there, the public will conclude that Labour has failed on the NHS and they will elect a Reform government instead a party that has openly said it will replace the NHS with an insurance-based system.

Argentina's markets have tumbled, with the peso currency at a historic low, after a heavy defeat for President Javier Milei's party at the hands of the Peronist opposition at local elections stoked worries about the government's ability to implement its economic reform agenda. On Monday, the peso was last down almost 5 percent against the US dollar at 1,434 per greenback while the benchmark stock index fell 10.5 percent, and an index of Argentine stocks traded on United States exchanges lost more than 15 percent.

Gold prices could surge to almost $5,000 an ounce if Donald Trump's continued attacks on the US Federal Reserve weaken the central bank's independence, according to a forecast from Goldman Sachs. The precious metal is already trading near record highs, with spot prices at $3,545.39 an ounce, up more than 35 per cent this year as investors and banks pile in to hedge against inflation.

A significant of Canadians are shifting their U.S. property investments, with many considering selling, according to a new survey by Royal LePage. The primary reasons cited include concerns about the U.S. political administration, personal reasons, and extreme weather events. This shift could have a notable impact on regional economies and communities where Canadians have been prominent investors.

AI is dominating the economy and at the top of policy agendas. Ads for it are everywhere. Your favorite artist is probably experimenting with it. And as hundreds of billions of dollars get poured into the tech, it can feel like the whole world is holding its breath for when it somehow becomes superintelligent and magically ushers us into a utopic age.

Chancellor Rachel Reeves' support of the Mansion House Accord risks over 30 million UK pensions by directing funds to opaque, high-cost investments.