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UK warns builders to sign ‘cladding pledge’

  Bloomberg Britain’s homebuilders have six weeks to sign a UK government contract that will commit them to repair unsafe cladding on apartment blocks — or face banishment from the housing market. The pledge will commit firms to spend an estimated £2 billion ($2.5 billion) to fix tall buildings they developed or refurbished over the past 30 years, according to ...

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Sunak says UK can’t raise taxes to end dispute with nurses

Bloomberg Prime Minister Rishi Sunak said he cannot raise UK taxes to fund pay rises for workers in the state-run National Health Service. “Where we are with taxes at the moment, we can’t put them up,” Sunak told an audience of health-care workers in northeastern England, adding that government spending on the NHS is at a historical high. “The pie ...

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North Korea could get a lifeline from arms sales to Russia

Bloomberg Russia’s hunt for weapons to fire at Ukraine could provide a lifeline for North Korea, where even a relatively modest arms deal would help lift the country’s cash-starved and stagnant economy into growth. The US made fresh accusations this month that Kim Jong Un is providing arms and ammunition to aid Putin’s war, including sending shells and rockets. While ...

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