Mortgage applications in the US are continuing to rebound, with a surge of 11% last week following the Federal Reserve’s interest rate cut. Meanwhile, Italy’s antitrust watchdog is investigating online clothing retailer Shein’s greenwashing practices, accusing the company of misleading environmental claims. The CBI has appointed two female business figures to its board as it seeks to rebuild its reputation following allegations of misconduct. UK petrol prices have hit a three-year low, attributed to lower oil prices and a stronger pound. Alison Watson has been appointed as the first female president of the Chartered Institution of Civil Engineering Surveyors.
Rich donors buying clothes for the prime minister and the chancellor highlight the struggles faced by families affected by the two-child benefit cap in the UK. Saira, a single mother of three, is finding it difficult to clothe her children due to the limit on benefit payments for additional children. This issue, introduced by the Conservatives in 2017, has not been repealed by the Labour party. The impact of this policy on families like Saira’s underscores the ongoing challenges faced by those affected by austerity measures in the country.
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