Author: News Desk

Decline of 1.4% in September is first month that volumes have dropped below pre-pandemic levels Retail sales in Great Britain fell more steeply than expected in September as soaring prices prompted consumers to rein in spending and many stores lost trading on the day of the Queen’s funeral. The Office for National Statistics said retail sales dropped by 1.4% in September, against a forecast of a 0.5% fall by City economists, and marks the first month that volumes have fallen below pre-pandemic levels. Continue reading… ​Decline of 1.4% in September is first month that volumes have dropped below pre-pandemic levelsRetail…

Read More

Italy on verge of new government Italy’s far-right leader Giorgia Meloni and her coalition allies held talks on forming a government on Friday with President Sergio Mattarella. If all agree, a Meloni-led coalition could come to power this weekend, a month after the elections. Ex-PM Silvio Berlusconi is set to join the talks, despite the chaos caused by his leaked pro-Putin remarks. Ms Meloni has vowed to play a key part in Nato. “Italy with us in government will never be the weak link in the West,” she said, in an attempt to calm concerns about her future foreign policy.

Read More

  The EU is grappling with high energy prices driving inflation and raising the prospect of recession across the continent, a situation aggravated by Russia slashing gas flows as it continues its war on Ukraine. ​The EU is grappling with high energy prices driving inflation and raising the prospect of recession across the continent, a situation aggravated by Russia slashing gas flows as it continues its war on Ukraine. 

Read More

Liz Truss resigns: one week to find her replacement After 44 days in the job, prime minister Liz Truss has quit becoming the UK’s shortest-serving PM in history. She said she was stepping down from the role because she cannot deliver the mandate on which she was elected. But who will replace her? Rishi Sunak or Penny Mordaunt Anyone hoping to get the top job will need the backing of 100 MPs by Monday, with her successor set to be announced by Friday at the latest. New Chancellor Jeremy Hunt has ruled himself out – and it’s expected, whoever is elected…

Read More