The British Pound is hammered in overnight trading
September 26, 2022
The pound’s value affects everyone – from holidaymakers and shoppers to business owners and investor
The pound’s value affects everyone – from holidaymakers and shoppers to business owners and investor
Chancellor Kwasi Kwarteng will release a mini-budget on Friday along with National Insurance and corporation tax cuts.
The i says The Bank of England (BoE) and the Government are “pulling in different directions” over the best steps to take to bring inflation under control and avoid a recession, the central bank’s former deputy governor has warned.
Sri Lanka is enduring its worst economic crisis in over seven decades, as August saw the country’s annual inflation rate surge to more than 70%.
The i says More than a million households are set to pay up to £470 a year more in energy bills due to a 2015 Conservative decision to scrap green home rules, research suggests.
Liz Truss set out her plan for tax cuts last night. Liz Truss US President Joe Biden appeared to take a veiled swipe at Liz Truss’s policy agenda
A government support scheme, set to be announced later, could help businesses cut their energy bills by a third.
Mike Ashley has announced he will step down from the board of Frasers Group – owner of the Sports Direct chain, the retail billionaire founded decades ago.
The Guardian says Almost 80% of the UK’s lowest-paid workers say they are now facing the toughest financial squeeze of their lifetimes, according to new research by the Living Wage Foundation.
The Guardian says The world may be edging toward a global recession as central banks simultaneously raise interest rates to combat persistent inflation, the World Bank has warned.
The i says The Chancellor, Kwasi Kwarteng, has faced widespread criticism after he proposed to scrap the cap on bankers’ bonuses as millions struggle during the cost of living crisis.
A strike on Friday by French air traffic control will disrupt travel for tens of thousands of passengers.
The Guardian says The John Lewis Partnership slumped to a first half loss of £99m driven by soaring inflation, as the department store group warned a “uniquely uncertain” outlook in the run-up to Christmas would put the staff annual bonus at risk this year.
Yvon Chouinard, the billionaire founder of the outdoor fashion retailer Patagonia says he has given away his company to a charitable trust.
The i says It comes as the UK faces a cost of living crisis, with fuel, food and energy prices soaring for months.
Shops have announced they will shut their doors in the UK on Monday 19 September, as a sign of respect to Queen Elizabeth II on the day of her funeral.
The death of our beloved monarch Queen Elizabeth II means a lot will be changing. There’s already a new monarch – her eldest son is now King Charles III and his wife Camilla has become the Queen Consort.
Strike action has been called off following the death of Queen Elizabeth II.
The Guardian says Liz Truss will finally present her long-awaited plans to tackle soaring energy bills on Thursday, with some Tory MPs conceding this is already a make-or-break moment for her entire premiership.
PM Liz Truss will unveil her plans to help the public amid soaring energy prices. The government plans are expected to limit energy bill rises, spending billions to protect people from rising prices.
Tens of thousands of businesses are at risk of collapsing if the government fails to help support them because of soaring energy bills, according to experts.
The soon-to-be-appointed prime minister Liz Truss has promised to deal with surging energy costs and to cut taxes, as she officially takes office today.
An estimated 70,000 Czechs from across the political spectrum, took to the streets to protest against the Czech government, EU and NATO.
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The government has announced a payment of £150 will be provided to up to six million disabled people from 20 September to help with the rising cost of living.
BBC News says British Airways has halted sales of tickets on short-haul flights from Heathrow Airport until 8 August as disruption to air travel continues.
BBC News says The government has announced how all households in England, Scotland and Wales will receive £400 to help with rising fuel bills this autumn.
BBC News says The latest round of national rail strikes are getting under way, with only 20% of train journeys expected to go ahead on Wednesday.
Boom Supersonic unveils a new Overture supersonic jet to bring back Concorde. It’s been almost 20 years since Concorde flew for the final time. But
Sky News says Two further days of rail strikes have been announced by the RMT union for 18 and 20 August in the row over jobs, pay and working conditions.
There is set to be a strike on 30 July over a pay dispute, union Aslef has announced.
TRT World says US inflation has surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets.
Twitter sues Elon Musk to try to force him to buy the social media firm, setting up a legal battle with the world’s richest man.
Elon Musk scams Twitter as the billionaire is seeking to end his $44bn (£36bn) bid to buy Twitter, alleging multiple breaches of the agreement. However,
Ukrainian authorities shared a video of a Russian jet plunging from the sky after being struck by an American-made Stinger missile Russian The Ukrainian Minister
UK weather company has warned Brits to expect freezing temperatures which could dip below zero degrees starting from Monday UK weather Brits are set to
Princess Anne was said to have been in a relationship with Andrew Parker-Bowles before she married Captain Mark Phillips and the pair are still close
In his first national newspaper interview since Liz Truss became PM, Labour Leader Sir Keir Starmer sets out his plans to reverse banker-friendly Tory policies
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