Author: WTX Business Team

Rachel Reeves Eyes Fiscal Rule Shuffle To Bring £50bn Investment Boost in Next Budget Rachel Reeves is looking to unlock over £50 billion for UK investments in next month’s budget by revising how the government measures debt within its fiscal framework. According to senior government sources cited by The Times, Reeves has requested that officials explore options to allow the government to offset certain assets against national debt. This would enable a more substantial investment in the economy. Potential assets could include the £236 billion in student loans and the government’s stake in banks like NatWest. At a recent fringe…

CrowdStrike boss apologises for global IT outage On Tuesday, cybersecurity company CrowdStrike faced intense scrutiny in a US congressional hearing over its role in the massive global IT outage that occurred in July.  Adam Meyers, a senior executive at CrowdStrike, testified before a congressional committee about the faulty software update that crippled millions of computers worldwide on July 19. The outage disrupted payment services, grounded flights, and forced hospitals to cancel appointments and postpone surgeries. During the hearing, Meyers expressed deep regret, stating the company was “deeply sorry” for the widespread disruption and was “determined to prevent it from happening…