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21.11.25 - 21:12
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UK government borrows more than expected in setback before budget (The Guardian)
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October figures represent final snapshot of public finances before Rachel Reeves's tax and spending statementBusiness live – latest updatesRachel Reeves was urged to use next week's budget to create significantly more headroom against her fiscal rules, after official figures showed the UK government borrowed almost £10bn more than forecast in the year to October.In the final snapshot of the public finances before the chancellor's crunch budget, the Office for National Statistics (ONS) said borrowing – the difference between public spending and income – was £17.4bn last month. Continue reading......
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21.11.25 - 19:54
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AM Best Affirms Credit Ratings of American National Insurance Company and Its Affiliates (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of American National Insurance Company (ANICO) and its affiliates, American National Life Insurance Company of Texas and American National Life Insurance Company of New York (Glenmont, NY). These companies are collectively referred to as the American National Group (ANG). In addition, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of American National Property and Casualty Company (Lincoln, NE), and its subsidiaries, American National General Insurance Company (Lincoln, NE), American National Lloyds Insurance Company, and its affiliates, American National County Mutual Insurance Company, Farm Family Casualty Insurance Company and United Farm Family Insurance Company (both domiciled in Glenmont, NY). These entities are all considered part of American National Property ...
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21.11.25 - 19:12
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Drax, the forestry industry and the guise of ′green′ energy | Letters (The Guardian)
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Miguel Veiga-Pestana says leaving Canada's forests unmanaged is not the answer to preserving landscapes. Matt Williams says if Britain wants to lead on nature and climate, it must stop financing forest loss The environmental non-profit Stand.earth fails to see the wood from the trees when it comes to the Canadian forestry industry and Drax's limited role within it (Drax still burning 250-year-old trees sourced from forests in Canada, experts say, 9 November). We do not own forests or sawmills, and we do not decide what areas are approved for harvesting.The vast majority (81%) of our Canadian fibre came from sawdust and other sawmill residues created when sawmills produce wood products used in construction and other industries in 2024. The remaining 19% of our fibre came from forest residues, including low-grade roundwood, tops, branches and bark. Continue reading......
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