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The Latest Breaking News from NICS

Second Amendment Roundup: A Tale of Two Waiting Periods

The First and Tenth Circuits conflict on whether “cooling-off” periods violate the text of the Second Amendment.

Reason

NICS Approval Delay: Why Background Checks are Taking 10 Days in February

Waiting for a background check can feel like being stuck in a loop you can’t control. You filled out the paperwork, paid the fees, and followed every rule, yet the approval still hasn’t come through. It’s easy to take the delay personally, but in most cases, the holdup has nothing…

Budget and the Bees

Rising job losses and cooling wage growth pose a challenge for Rachel Reeves

The rise in NICs, Trump’s tariffs and weak consumer spending have hit firms but there are crumbs of comfort for the chancellor

The Guardian - UK

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Surge in household costs puts Reeves’s economic growth plan at risk

Labour prime minister Keir Starmer has pledged that plans to be set out in the Budget this autumn will ensure that ‘people feel better off’

The Independent UK

Reeves’ Nics hike stunting growth and pushing up food prices, Bank says

Higher labour costs in the food industry and supermarkets have pushed up costs for shoppers, the Bank of England said.

Evening Standard

‘Overheads have gone up’: Britain’s hospitality sector faces tough time this summer

Pubs and restaurants report rising costs including food price inflation, labour and NICs while employing fewer seasonal staff

The Guardian - UK

Bank of England governor says jobs slowdown could prompt rate cut; European markets fall after Trump tariff threat – as it happened

Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down”.

The Guardian - UK

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This Under-$10 Stock Soars 585% in a Year. What Analysts Think Will Happen Next.

This stock, priced under $10, has experienced a remarkable rally over the past year, reflecting the strength of its core businesses and its exposure to fast-growing sectors such as data centers and AI infrastructure.

Barchart

Phillipson: Family hubs will give parents freedom to focus on loving children

It comes alongside plans to offer £4,500 to specialist teachers, in a bid to attract staff to nurseries.

The Independent UK

Has UK-India trade deal ‘sold out British workers’ as Farage and Badenoch claim?

Row over exemption of national insurance contributions for Indian short-term workers overshadows deal

The Guardian - UK

Bank of England rate-setter says US tariffs likely to push down on inflation

Megan Greene was speaking weeks ahead of the Bank’s next monetary policy meeting, where it is expected to cut interest rates.

The Independent UK

Reeves defends Labour’s £40bn tax rise as businesses prepare for NICs hike

Chancellor says autumn budget enabled £25bn of extra investment into NHS and shorter waiting lists

The Guardian - UK

Social care sector faces collapse as NICs and wage rises loom, providers warn

Independent care providers say the government’s planned increases will push many to the brink

The Guardian - UK

UK’s oldest brewer to hike prices following Labour tax increase

Shepherd Neame, a brewer and pub group which is more than 300 years old, said the policies are ‘most unwelcome’.

Evening Standard

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The Independent UK

UK’s oldest brewer forced to hike beer prices in ‘challenging’ market

Shepherd Neame, a brewer and pub group, said it must mitigate the rising taxes and wage costs taking effect in April

Reason

"Kafkaesque" Gun Background Check Delays May Violate Second Amendment

From Judge Trevor McFadden's opinion last week in Sedita v. U.S. (D.D.C.): "Where was the Judge whom he had never… The post "Kafkaesque" Gun Background Check Delays May Violate Second Amendment appeared first on Reason.com.

The Guardian - UK

Big retail will cope – but Reeves’ NICs raid is too much, too soon for part-timers

In the hospitality sector, where labour costs are a bigger proportion of the overall base, employers have fewer options

The Guardian - UK

‘Business cash cow has been milked,’ CBI chair tells ministers

Rupert Soames urged government to water down workers’ rights plans after a budget ‘tough on business’

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news in one place.

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The Guardian - UK

B&Q owner says budget uncertainty hit spending and tax rise will cost it £31m

Kingfisher says it faced weak market in October, as Greggs also complains of cost of national insurance increase

Reason

What Happens When Someone Is Denied Gun Based on Long-Ago Criminal Case, and the Underlying Court Records are Missing?

From Zundel v. City of Jamestown, handed down Thursday by the North Dakota Supreme Court (opinion by Justice Jerod Tufte):… The post What Happens When Someone Is Denied Gun Based on Long-Ago Criminal Case, and the Underlying Court Records are Missing? appeared first on Reason.com.

The Guardian - UK

UK disability charities say NICs rise will cause ‘life-changing’ cuts

Groups providing vital services say impact of tax and minimum wage rises will lead to cutbacks

The Guardian - UK

NICs rise will force businesses to close, warn hospitality bosses

More than 200 leading restaurant, pub and hotel companies say tax rises will cause ‘unprecedented damage’

The Guardian - UK

English universities could miss out on millions from tuition fee increase

Contracts with existing students that prevent changes may mean up to £2.5m less income, according to one institution

The Guardian - UK

Services for most-vulnerable people at risk after NICs rise, charities say

Care providers, GPs and pharmacists warn increased costs will cause cuts and job losses

The Guardian - UK

Budget 2024: Reeves reveals £40bn in tax rises as she promises to rebuild public services

Chancellor announces increases in taxation for businesses and the wealthy, and more money for the NHS and schools

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