
Fiat's next SUV is giving big Multipla vibes
Fiat's forthcoming Dacia Bigster rival could channel the spirit of the cult-classic Multipla MPV when it arrives in 2027.
The new SUV is one of two C-segment models that the Italian brand is set to launch in the next two years, alongside a rakish, raised hatchback. They were previewed by Panda-inspired SUV and Fastback concepts unveiled early last year.
Those models will be a maximum of 4.5 metres long and sit on the same cost-conscious Stellantis Smart Car platform as the smaller Grande Panda, enabling them to be offered with electric and hybrid powertrains.
While the new SUV will sit broadly as part of the Panda design family and distinct from the range inspired by the classic 500, Fiat bosses have hinted it won't necessarily feature that name.
Asked about the risks of Fiat expanding beyond its core city car market into the C-segment, Fiat Europe boss Gaetano Thorel said: 'It will be a challenge, because [it seems] we don't have the same legacy with family movers as we do with [the] 500 and Panda, but in reality we have, because when you think about the Multipla, then Fiat has a story on that.
'But thanks to Stellantis, we have a possibility to offer our customers and dealers a full passengercar line-up from 2.5 metres to 4.4 metres. That is the Fiat territory.'
The Multipla arrived in 1998 as a 4m-long compact MPV with two rows of three seats and a host of space-saving features. The styling was divisive and the model was not a commercial success, but it won praise for its design, with Autocar's 2000 road test calling it 'the most innovative and exciting car in its class'.
The new model will have more of a traditional SUV appearance but could echo the Multipla in terms of maximising space in a small footprint. The Citroën C3 Aircross, which uses the same Smart Car platform as the Grande Panda, seats seven.
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Reuters
34 minutes ago
- Reuters
UK could boost growth by radically reshaping the Treasury: Peacock
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Even so, according to the Office for Budget Responsibility, an independent fiscal watchdog, UK capital spending will climb to a peak of 3.9% of GDP in 2027/2028 but then fall back in the following two years, continuing a limp public investment record stretching back to the global financial crisis. Reeves is searching for other growth levers, including deregulation and increased UK investment by British pension funds. Additionally, the government is seeking to streamline planning laws and taking steps – albeit small ones – to rebuild trade relations with the European Union. But the government is fundamentally hamstrung by its fiscal rules. Departments are currently required to go cap in hand to the finance ministry to learn what they can spend and then undergo frequent check-ins to see if the fiscal position has deteriorated, which could lead to spending cuts or tax rises. This is not a system that will produce a viable long-term growth strategy. The International Monetary Fund – not known for being a fan of unfettered state spending – said last month that the UK should consider taking a more pragmatic approach to avoid having to change policy too often. The IMF suggested minor breaches should not require instant corrective action and that assessment of the rules should be done no more than once a year. But something more radical is likely required for Britain to break out of the low growth, low productivity loop it has been trapped in for almost two decades. Over this period, debt as a proportion of GDP has almost tripled while the national tax take has held steady, suggesting that part of the problem might be with the way the finance ministry operates. The machinery of government needs recalibration to focus more systematically on productive investment that can ultimately help to drive debt down over time. Reeves is trying on this score. She has asked the OBR to assess the long-term impact of capital spending decisions to determine whether they could improve public finances. She is also changing the Treasury's "Green Book" rules that dictate approval of capital projects, shifting from a narrow cost-benefit analysis to an assessment of the impact on broader strategic goals such as lifting poorer regions of the UK. However, a fundamental issue remains. The Treasury still wields huge influence within the UK government, and when growth falls short, the impulse is typically to tighten the fiscal screws, thereby worsening growth prospects. The Institute for Government, a UK-based think tank, has argued that the economic heft of the prime minister's team needs strengthening as a counterbalance. EU nations – Germany, Spain and the Netherlands among others – have both a finance ministry and a separate, growth-focused economy ministry at the heart of government. Calls for a dramatic change in the Finance Ministry are growing. Maurice Glasman, who heads "Blue Labour", a campaign to reverse what it says is the Labour Party's abandonment of working-class communities, advocates abolishing the Treasury, scrapping fiscal rules and pursuing heavy infrastructure investment. While Glasman's prescription has little chance of being implemented in full, his ideas could gain influence within a government threatened by the rise of Nigel Farage's populist Reform UK party, which is targeting traditional Labour voters. Recent opinion polls have given Reform UK 27%-32% public support compared with 22%-24% for Labour. Ensuring public finances do not spiral out of control is, of course, critical for any government. And less oversight by the Treasury could result in wasted taxpayer money spent on unproductive investments that appeal to the political base. Moreover, the bond market has not reacted well to perceived UK fiscal imprudence in recent years, as demonstrated by the rapid demise of Liz Truss's premiership of 2022. But bond investors are apt to respond more positively to a long-term, investment-led approach to reducing public borrowing, even if it involves some upfront spending. It helps that the UK currently faces less political uncertainty than some of its peers and is in the middle of the pack in terms of developed market debt burdens. Reeves appears to understand that an investment-led structural reset is required to jump-start the UK growth engine. But to make that a reality, the first change may need to be rethinking the relationship between the Treasury and the prime minister's office. The opinions expressed here are those of Mike Peacock, the former head of communications at the Bank of England and a former senior editor at Reuters. Enjoying this column? Check out Reuters Open Interest (ROI), opens new tab, opens new tab, your essential new source for global financial commentary. ROI delivers thought-provoking, data-driven analysis of everything from swap rates to soybeans. 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Telegraph
an hour ago
- Telegraph
City giants replace graduate jobs with AI
The 'Big Four' accountants are cutting jobs and scaling back graduate recruitment programmes as they turn to artificial intelligence (AI) to do entry-level work. The professional services giants Deloitte, EY, KPMG and PwC have cut hundreds of roles over the past two years as they seek to keep up £1m payouts to partners in the face of a downturn in the consulting market. The cutbacks mean they will take on hundreds fewer school leavers and university graduates compared with in 2023, with AI able to do some of the administrative tasks they would have been given. KPMG, which is the smallest of the big four firms, has made the sharpest cuts so far. It has cut its recruitment scheme by 29pc, from 1,399 in 2023 to just 942 last year. It expects to hire around 1,000 graduates and school leavers this year. Deloitte has meanwhile cut its own graduate cohort by 18pc, from 1,700 in 2023 to 1,400 last year. The firm expects to keep recruitment flat this year. EY also trimmed its graduate hiring by 11pc from 1,800 in 2023 to 1,600 in 2024, while PwC cut its entry-level recruitment scheme by 6pc over the same period from 1,600 in 2023 to 1,500 last year. Data from jobs board Indeed show that UK accountancy firms have posted 44pc fewer adverts for graduate jobs this year compared with in 2023, versus a 33pc decline in adverts for all graduate jobs and a 20pc slump in all job listings generally.


The Independent
2 hours ago
- The Independent
Bet442 Bonus Code & Welcome offer: Get up to £50 in Free Bets
One of the more exciting new betting sites to have launched in the UK recently, Bet442 have upped their game again by improving their sign up offer. You can now bag up to £50 in free bets, all without the need for a Bet442 bonus code to get started. In this guide, we'll talk prospective bettors through the Bet442 sign up process and give them a brief overview of one of the newest UK betting sites. What is The Bet442 Sign up Offer? The current Bet442 welcome offer is a money back promotion where bettors can claim up to £50 in free bets. New customers will need to open an account and deposit a minimum of £20 to qualify for the Bet442 bonus. Punters must then place a single bet on horse racing. They'll need to wager at least £20 on a selection with odds of evens or greater. Should the first bet on racing lose, bettors are entitled to 50 per cent of their stake back in free bets, with a maximum refund of £30. Bettors can then place another wager on racing, making sure to fulfil the same criteria, only this time, if the bet loses, they are entitled to a maximum free bet refund of £20. Bet442 free bets can be used to wager on any sport and are valid for 14 days after being credited. Overall, this offer may prove popular for fans of horse racing betting sites, though it is a fairly complex offer in relative terms, and the fact that it is restricted to initial wagers on horse racing may exclude some users. Is There a Bet442 Promo Code? There is no Bet442 bonus code needed to unlock the welcome offer. The offer is automatically activated by signing up using one of our links on this page. How to Claim The Bet442 Sign up Offer In this section, we've provided a step-by-step guide on how to unlock the Bet442 welcome offer. Step 1: Use the links on this page to visit Bet442 and complete the sign up process. There's no Bet442 bonus code required. Step 2: Deposit a minimum of £20 using one of the eligible banking methods. Deposits made via PayPal, Neteller, Skrill, Skrill 1-Tap or Paysafe will not qualify. Step 3: Wager a minimum of £20 on a horse racing single bet at odds of evens or greater. Step 4: If the bet loses, Bet442 will refund 50 per cent of the stake in free bets, up to a maximum of £30. Step 5: This offer will also cover the second bet on horse racing made meeting the same requirements, with a maximum free bet refund of £20. Key T&Cs for Bet442 Sign Up Offer Bettors should always be aware of the terms and conditions of any offer they enter into with a betting site. We have picked out the key terms and conditions related to the offer, though you can find full T&Cs on the Bet442 website: The offer is for new UK customers aged 18+ only. The offer is limited to one per household. Users must opt-in to the Bet442 welcome offer during registration. There is a minimum deposit amount of £20. Deposits made using PayPal, Neteller, Skrill, Skrill 1-Tap or Paysafe will not qualify for the Bet442 sign up offer. All qualifying bets must be single wagers on horse racing at odds of evens or greater. Each-way and system bets are excluded. Bettors must stake a minimum of £20. Any cashed out or voided bets will not qualify. New customers will receive 50 per cent of their stake back on the first losing bet (up to a maximum of £30) and 50 per cent back on their second losing racing bet (up to a maximum of £20). Any free bets earned will be valid for 14 days and can be used on any event on the sportsbook, so long as the selection has odds of 3/2 (2.50) or greater. There are no wagering requirements attached to any winnings generated by the free bets. How Does the Bet442 Welcome Offer Compare to Its Rivals? There are plenty of sign up offers from new betting sites for UK bettors to choose from, so how does the Bet442 welcome offer stack up against its rivals? Betting sites Welcome offer Promo code 7Bet Bet £10, get £10 in free bets WFB10 LiveScore Bet Bet £10, get £30 in free bets N/A Bzeebet Bet £10, get £10 in free bets N/A NRG Bet £20, get a £10 free bet B20G10 Midnite Bet£10, get £20 in free bets & 50 free spins N/A In summary, the Bet442 sign up offer is unique, offering insurance on racing bets rather than a guaranteed payout. In addition, it's more generous than some of the offers found on similar betting sites, though it requires larger initial stakes to maximise its potential, and the fact it is limited to horse racing counts as a negative. Bet442 Offers And Promotions I've written plenty about the Bet442 sign up offer, but what else does this betting site have to offer? Bet and get offers: Users can get free bets by wagering on certain events, such as unlocking a £25 free acca bet for the Club World Cup. All users need to do is opt in and place a minimum £10 bet on the English Premier League 2025/26 outright winner market at minimum odds of 1/1. Users will then receive an acca worth 50 per cent of their chosen stake. Accumulator boost: Plenty of football betting sites now offer an accumlator winning boost, and Bet442 are no different. Users who land an accumulator with four legs or more could get up to 77 per cent extra profit with this offer. Bet boosts: These boosted odds are usually offered for football and some racing. Just check out the homepage to see which events and markets have received a boost. Cash out: Bet442 offers users the option to cash out of certain bets while the event is still running, giving bettors the chance to lock in a profit or cut their losses. Bet442 offer this facility on both single and accumulator bets. Bet builder: The bet builder is a must-have tool for any betting site, but they do vary in quality. Bet442 have a decent bet builder feature, covering Australian Rules, American football, baseball, basketball, cricket, ice hockey, rugby league, rugby union, soccer & tennis. Bet442 Sign Up Offer Summary In summary, the Bet442 is a unique welcome offer that mainly applies to horse racing markets, which is something that will both attract and deter potential bettors. While it does offer value in the quantity of free bets, along with a safety net for losing bets, this restriction could be enough for some would-be users to look elsewhere. However, with no promo code required and no wagering on winnings, this offers potentially great value for horse racing fans, as a promotion that is simple to access and easy to claim. Responsible Gambling When having a bet, it's vital to practice responsible gambling. When using gambling sites be aware that sports betting can be addictive. Please take steps to remain in control of your time and budget. The same applies whether you're using online bookmakers, slot sites, casino sites, casino apps, betting apps, or any other gambling medium. Even the most knowledgeable punter can lose a bet, so always stick to a budget and never chase your losses. It's particularly important not to get carried away by any free bets or casino offers you might receive, both of which are available in abundance on gambling sites, but must be approached with caution. You can stay in control by making use of the responsible gambling tools offered, such as deposit limits, loss limits, self-exclusion and time-outs. You may also want to visit the following free organisations to discuss any issues with gambling you might be having: