Author: News Desk

  Richmond MP lost out to Liz Truss this summer but his dire economic warnings about her ‘fairy tale’ tax policies have been entirely vindicated by her disastrous and short-lived reign Richmond MP lost out to Liz Truss this summer but his dire economic warnings about her ‘fairy tale’ tax policies have been entirely vindicated by her disastrous and short-lived reign 

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Pound gains as Rishi Sunak likely next PM The pound has gained against the US dollar after former prime minister Boris Johnson quit the Tory leadership race, leaving the former chancellor Rishi Sunak the most likely to become PM today. On Monday, sterling stood around 0.4% higher at $1.135. On Friday when Liz Truss quit as PM, sterling fell as low as $1.11 amid all the political uncertainty and fresh warnings about the UK economy. Rishi Sunak is now the clear frontrunner and could become the prime minister as early as today. The former chancellor has cleared the 100 thresholds…

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Markets react positively as nomination deadline for Conservative leadership looms; China’s economy grows faster than expected but lags official target ITV’s Robert Peston reckons that the drop in UK bond yields has as much to do with the threat of Boris Johnson returning to the prime ministerial post being removed, as it does about Sunak necessarily heading for the top job. That was quick. Prudential down 6.5% Shell down 2.9% Antofagasta down 2.6% Continue reading… ​Markets react positively as nomination deadline for Conservative leadership looms; China’s economy grows faster than expected but lags official targetITV’s Robert Peston reckons that the…

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European Union leaders jointly expressed concern on Friday about economic reliance on China, leaving German Chancellor Olaf Scholz facing questions over an imminent trip there with business chiefs. ​European Union leaders jointly expressed concern on Friday about economic reliance on China, leaving German Chancellor Olaf Scholz facing questions over an imminent trip there with business chiefs.

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