Category: Economy and Trading

Economy and TradingEnergy Policy

Federal Employee Jobless Claims Spike Amid Government Shutdown

Federal workforce unemployment claims have skyrocketed during the ongoing government shutdown, reaching levels not seen since the 2019 closure. Initial claims jumped to 7,244 last week, representing a massive increase from pre-shutdown levels. The shutdown has created significant financial uncertainty for government employees across multiple agencies.

Federal Workforce Faces Mounting Financial Pressure

Unemployment claims filed by federal workers have surged dramatically during the current government shutdown, reportedly reaching their highest level since the 34-day closure that ended in January 2019. According to reports, the ongoing political stalemate has created substantial financial uncertainty for hundreds of thousands of government employees who have been furloughed or are working without pay.

by Aaron Blake
Economy and TradingEnergy Policy

UK Chancellor Proposes Major ISA Reforms to Boost Domestic Investment

Chancellor Rachel Reeves is reportedly planning the most significant ISA reforms in over 25 years, including potential minimum UK equity allocations and stamp duty exemptions. The proposed changes aim to redirect British savings toward domestic companies and revitalize the London market ahead of the November budget.

Major ISA Overhaul Under Consideration

Chancellor Rachel Reeves is reportedly developing sweeping reforms to Britain’s tax-free ISA regime that could include mandatory minimum holdings in UK companies and stamp duty exemptions, according to sources familiar with Treasury discussions. The potential changes represent the most significant shake-up to the popular savings vehicle in more than 25 years.

by Aaron Blake