The recent cancellation of three geostationary satellites is another blow for insurers hoping their legacy cash cows would bring home much-needed income following a bruising run of claims. SES disclosed […]

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Severe, hard-to-control blazes in densely populated areas like Los Angeles drove the year’s record losses.

Severe, hard-to-control blazes in densely populated areas like Los Angeles drove the year’s record losses.

© Loren Elliott for The New York Times

Labour leadership hopeful says NI reduction for firms could ‘incentivise’ hiring, particularly of younger people

Wes Streeting has backed calls for national insurance cuts for businesses, and for the government to drill for oil and gas in the North Sea.

The former health secretary and potential Labour leadership candidate told the Sunday Times there should be a “targeted reduction” of employers’ national insurance contribution as a way to “actively incentivise” hiring, particularly of young people.

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© Photograph: Thomas Krych/Zuma Press Wire/Rex/Shutterstock

© Photograph: Thomas Krych/Zuma Press Wire/Rex/Shutterstock

© Photograph: Thomas Krych/Zuma Press Wire/Rex/Shutterstock