Most Wilko stores to shut in a week after rescue effort fails

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The majority of Wilko stores are set to close after efforts to save the business fell through, the union GMB has claimed. GMB, which represents more than 4,000 of Wilko’s staff, said on Wednesday evening it had been told there was no longer … Read more

Hunt faces calls to cut taxes after borrowing boost for Treasury

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE This was £1.9bn more than the £9.9bn predicted by the tax and spending watchdog in March. July is usually a bumper month for tax receipts as millions of self-employed workers make their second payment of the year to HMRC. The ONS said higher … Read more

Stubborn core inflation piles pressure on Bank of England

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Matthew Corder, the ONS’s deputy director of prices, said: “Although remaining high, food price inflation has also eased again, particularly for milk, bread and cereal.”  However, the price of other essentials keeps soaring.  Pasta prices rose 23.1pc on a year earlier, while olive … Read more

Long-term sickness forces record 2.6m people out of work as NHS waiting lists spiral

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Health Secretary has recently come under fire for considering scrapping some waiting time targets in England, such as suspected cancer patients who should currently see a specialist within two weeks.  The Government is planning to replace it with a new measure that … Read more

Supermarket inflation slows for fifth month in a row as milk and sunflower oil get cheaper

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Supermarket inflation has slowed for the fifth month in a row, boosting hopes that the spate of surging prices in the isles may be coming to an end. Grocery price inflation fell to 12.7pc in the four weeks to August 6, down 2.2 … Read more

China stops publishing youth unemployment data after rate hits record 21pc

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A lending crunch in the country’s huge property development industry is also shaking confidence and hitting stock prices. Retail sales grew 2.5pc year-on-year in July, the NBS said on Tuesday, down from 3.1pc in June and falling short of analyst expectations. Industrial production … Read more

Consumer confidence slides as soaring mortgage rates hit finances

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Consumer confidence continues to decline as soaring mortgage rates hit household finances. Confidence, which had been improving since the aftermath of the mini-Budget, slid for the second month in a row in July, according to polling by YouGov and the Centre for Economics … Read more

Britain suffers biggest housing downturn since financial crisis, says Rics

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He added: “The continued weak reading for the new buyer enquiries metric is indicative of the challenges facing prospective purchasers against a backdrop of economic uncertainty, rising interest rates and a tougher credit environment.” Buyer inquiries fell in every region of the UK … Read more

Bank of England’s rate rises risk tipping Britain into recession, economists warn

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE 1.2m families will run out of savings as a result of higher mortgage payments in this financial year, the organisation said, taking the total number with no spare cash to 7.8m or more than one-quarter of all households. House prices are expected to … Read more

Energy price cap keeping bills artificially high, think tank warns

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The think tank, which was founded by Margaret Thatcher, said the three month delay in reviewing the cap also meant falls in wholesale energy prices were taking longer to filter through to households than in other countries.  The CPS said this was partly … Read more

Interest rates could remain above 5pc until 2026, Bank warns

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Despite the jump in interest rate expectations and an increase in the value of the pound against a basket of other currencies, Bank officials still expect the economy to avoid recession this year, forecasting growth of 0.1pc in the three months to June … Read more

Supermarkets warn over food prices as Putin blockades grain exports

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He said: “I believe that even though inflation has begun to decelerate, there is a significant risk that services inflation and wages remain too high. Therefore, I believe that they should hike by 0.25 percentage points in August and then continue to watch … Read more

Banks pass on less than 30pc of interest rate rises to savers, FCA finds

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Earlier this month, the FCA held talks with executives at Britain’s biggest banks and warned them that they must accelerate rate rises on savings products. The nine banks the FCA scrutinised were Lloyds, HSBC, NatWest, Santander, Barclays, Nationwide Building Society, TSB Bank, Virgin … Read more

Ex-Fed chief Ben Bernanke to investigate Bank of England’s inflation forecasting

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Bank of England has appointed the US architect of money printing during the financial crisis to lead an official review into its forecasting failures. Ben Bernanke, a former chairman of the Federal Reserve, has been appointed in the wake of repeated failures by … Read more

German economy faces ‘prolonged’ downturn amid manufacturing slump

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The International Monetary Fund (IMF) warned this week that Germany will be the worst-performing major economy in the world this year as the manufacturing sector remains under pressure. Mr Vistesen said the country’s former dependency on Russia for gas made it vulnerable to … Read more

Fed raises interest rates to highest level in 22 years

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Fed’s chairman said future decisions would be taken “meeting by meeting”, adding that officials were “strongly committed” to bringing inflation back down to its 2pc goal  Rate setters had paused in June after more than a year of consecutive hikes amid uncertainty … Read more

Great Britain faces years of stagnation due to high interest rates, economists warn

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Britain is facing a prolonged economic crisis the result of higher interest rateseconomists have warned, as the fight against inflation will weigh on growth in the coming years. EY Item Club, the only private sector forecaster using the same model as the Treasury, … Read more

Government borrowing costs fall after surprise drop in inflation

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The drop suggests that yields on gilts have already passed a recent peak and raised hopes that mortgage rates may soon fall. Swap rates, which are used to determine the value of fixed-rate mortgages, fell after a mid-year inflation surprise. Mr Dales said: … Read more

Profit warnings rise to financial crisis levels

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It suggests that the number of failing companies, which has increased significantly in the past year, could increase further in 2024. Bank of England raised interest rates 13 times in a row from 0.1% to 5% increases the pressure on companies and households … Read more

Ocado’s losses surged 37 per cent amid tensions with ‘unlucky’ M&S

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ocado is focusing on cutting costs amid growing tensions over its joint venture with Marks & Spencer, which has reported deepening losses. The online grocer reported on pre-tax loss £289.5m for the six months to 28 May, a 37% drop on the same … Read more

A million homeowners face a mortgage shock of £500 a month

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Bank of England’s announcement comes a day after average two-year mortgage rates hit 15-year 6.66 percent. The bank said people were looking to limit the impact of rising interest rates by borrowing for longer terms, with one in 10 new mortgages now … Read more

Public sector pay rise rises to 22-year high in blow to Jeremy Hunt

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Work and Pensions Secretary Mel Stride told LBC the government was taking a “firm and robust approach to public pay settlements”. ONS figures showed private sector wages rose by 7.7% in the three months to May, the fastest pace on record outside the … Read more

Hunt promises to boost pensions by £1,000 a year in a wave of post-Brexit reforms

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Hunt said: “British pensioners should benefit from Britain’s business success. By unlocking investment, we will increase pension income by more than £1,000 a year for the average income earner over their career. “It also means more investment in our most promising businesses, … Read more

China on the brink of deflation as prices crash

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Increasing tensions between Beijing and Washington have also had the effect of Western companies increasingly shifting investment away from China. Youth unemployment in the country is 20.8 percent as a record number of graduates find it difficult to find a job. Duncan Wrigley, … Read more

Britain is “back in the 1970s” due to a record drop in customer satisfaction.

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ms Causon said: “It’s about the time it takes to resolve the issue and also the feeling of being moved from pillar to post.” Utility companies, which have not only seen huge increases in their bills, but have also been hit by scandals … Read more

Half of the elderly stop living in poverty due to Covid after a wave of early retirements

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The think tank added that this group was also less likely to receive pension income than those who had stopped working in previous years, with almost half having access to neither private nor state pensions, compared to 43 per cent of those who … Read more

The Ministry of Finance is planning a new ‘Tell Sid’ campaign to attract savers to the stock market

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Andrew Griffith, Chancellor of the Exchequer, said “wider share ownership is good for savers, good for the economy and good for society.” “Increasing individual stock ownership also means changing culture, risk attitudes and supporting individual responsibility.” The ad campaign was proposed by the … Read more

Taxpayers have been hit by a spike in debt after the Bank of England’s weaker money printing

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Indebted homeowners are also suffering from a jump in interest rates, with the average interest rate on a five-year fixed-rate mortgage climbing above 6 percent on Tuesday. Borrowers taking out a five-year home loan will now typically pay 6.01 per cent, the highest … Read more

Britain’s underfunded National Health Service linked to earlier deaths, study says

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE The NHS has come under increasing pressure in recent years due to increased demand for services and funding, as well as staff shortages – problems which have been exacerbated by the Covid-19 pandemic. Bloomberg | Getty Images Chronic underinvestment in the UK’s National Health Service means … Read more

The Bank of England raised interest rates by 0.5 percent in a fight to reduce inflation

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “Inflation remains far too high,” Mr Bailey told Jeremy Hunt on Thursday, adding in a letter to the chancellor that “domestic inflationary pressures remain significantly elevated”. Price growth, measured by the consumer price index (CPI), remained unchanged at 8.7 percent in the year … Read more

Rising interest rates will cut the incomes of more than 1.4 million people

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Rising interest rates will hit the disposable income of almost 1.4 million people as mortgage rates soar, the Institute for Fiscal Studies (IFS) has warned. Rising mortgage costs mean hundreds of thousands of people will be out of the middle class suffer a … Read more

Britain’s debt pile eclipses GDP and benefits bills are soaring

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Britain’s mounting legislation pushed public borrowing to its highest May level outside of lockdown, official data showed, pushing the UK’s debt ratio above the size of the economy for the first time since 1961. The government borrowed £20bn in May to plug the … Read more

Core inflation highest in 31 years

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jumps in the prices of air travel, cinema and theater tickets and second-hand cars contributed to upward pressure on the cost of living, the ONS said. Food price inflation has slowed slightly but remains persistently high, with costs on store shelves rising 18.3 … Read more

Gove says 25-year fixed rates could help tackle the mortgage crisis

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE But pressure from Tory MPs for action is starting to build, with some backbenchers calling for Margaret Thatcher-era tax breaks to help home owners bounce back. Mortgage Interest Withdrawal Relief, or Miras, allowed Britons to claim interest paid on mortgages against their tax … Read more

Homeowners face biggest mortgage shock on record with average increase of almost £3,000

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The average mortgage debt in the UK is just over £127,000, while the typical size of a new mortgage taken out this year is £184,000. The crisis is expected to affect a smaller proportion of the population than previous crises, as fewer Britons … Read more

Brexit is to blame for inflation, claims Mark Carney

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE But surprisingly for someone so used to being in the spotlight, Carney is camera shy. Although he’s dressed for the occasion, in a signature white shirt with a notched collar and a gray tie that you’re more likely to see in Peaky Blinders … Read more

Three million homeowners risk spending all their savings on higher mortgage costs

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE April inflation data released on May 24 and better-than-expected labor market data released on June 13. Over the past three weeks, the average two-year rate has risen from 5.34 percent to 5.92 percent, according to data firm Moneyfacts. This increase alone will cost … Read more

A recession is “on the way” despite the UK economy returning to growth in April

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “It’s more than 60 percent ahead of us,” Gregory said. “So we still think there will be a recession in the second half of this year.” Cracks are already showing in the economy. Construction output fell 0.6 percent, driven by a 1 percent … Read more

An epidemic of public sector “quiet attrition” as staff see no point in going above and beyond

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He said: “The long-term consequences of people being disillusioned with their working lives is that they increasingly lose interest. Not only do they put in less effort on a daily basis, but they also invest less in creating value in their organizations.” Mr … Read more

Santander withdraws fixed and tracker rate mortgages as market turmoil continues

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A spokesman for Santander said: “Due to current market conditions, we will be temporarily withdrawing all our new commercial residential prices and buy-to-let rates from 7.30pm on Monday 12 June. Our product transfer range will still be available. On Wednesday, June 14, we … Read more

High street fails to make money on holidays due to high interest rates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE David Bharier, who led the research, said: “The current trajectory of anemic growth is unlikely to change unless there are significant changes in the external environment.” Official data released on Thursday showed that a slump in consumer spending helped trigger a recession in … Read more

Jeremy Hunt’s veiled tax attack for ‘significant’ pressure on UK household finances

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The chancellor left just £6.5bn in reserve to meet his own fiscal rule, which would have seen debt-to-GDP fall within five years, the lowest by any chancellor since at least 2010. While the OECD improved its UK growth forecast for 2023, it warned … Read more

Young people will be worse off than their parents without an economic ‘miracle’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ms Ohnsorge warned that growth in living standards will continue to slow over the next few decades unless more is done to encourage productivity-enhancing growth in areas such as investment and education. She said: “It’s a broad-based decline in every factor of growth … Read more

Due to the mental health crisis among young people, 185,000 of them are unable to work

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Among teenage girls, one in three suffer from some kind of mental health problem, according to NHS figures. Mental illness covers a wide range of issues, from eating disorders such as anorexia and bulimia to anxiety and depression or even schizophrenia. Louise Murphy, … Read more

What is the US debt ceiling and what is in the Biden-McCarthy deal?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE In theory, if America defaulted on its debt, the value of its national debt would cause a riot. Most (69 percent) of US debt is in America. The Federal Reserve holds 21.2 percent, 12 percent is in pension or mutual funds, while US … Read more

Why Britain’s electric cars risk driving into a ‘huge black hole’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE But moving to a pay-as-you-go car tax model that involves snooping on your daily movements would be a radical departure that is likely to upset both the auto industry and privacy advocates. Carmakers have already warned that cuts to tax credits for electric … Read more

What is the US debt ceiling and what is in the Biden-McCarthy deal?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE When that money runs out, the government will only be able to spend the money it receives through taxes. Therefore, it will no longer be able to meet all of its public spending obligations, such as paying wages in the public sector, or … Read more

Retail inflation hit a new record as coffee and chocolate prices soared

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Helen Dickinson, chief executive of the British Retail Consortium, said falling raw material costs had started to be reflected in lower prices at the till for some staples, including butter and milk. Sainsbury’s announced on Tuesday that it had reduced the prices of … Read more

DeSantis warns the US is “inching closer to bankruptcy” as debt ceiling vote looms

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE US Treasury Secretary Janet Yellen warned of the “catastrophic” consequences of not accepting the deal, which could mean the US could run out of money as early as June 1 and could default on its debts. Overnight, Asian shares gave up early gains … Read more

Create superannuation funds to save the economy, says the Tony Blair Institute

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thousands of UK pension schemes should be merged into just half a dozen £400bn worth of super funds to boost investment in business and infrastructure, Sir Tony Blair’s think tank has said. Proposals circulating in Whitehall to turn the Pension Protection Fund (PPF) … Read more

Brace yourself for pain: Britain is heading for another crisis

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Part of the problem in the UK is that there is more collective bargaining here than in the US. Doctors, railwaymen and teachers they all threatened a bigger strike if their payment requests are not met. Raghuram Rajan, former chief economist at the … Read more

Jeremy Hunt will accept recession if it lowers inflation

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr. Hunt told Sky News that prioritizing measures to slow rising prices is necessary, even if interest rate rises hurt the UK’s gross domestic product or GDP, a measure of the size of the economy. Asked if he was comfortable with the Bank … Read more

Mortgage interest rates skyrocket after an inflationary shock

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Interest rates were previously forecast to peak at 4.5 percent, but markets have revised their forecasts and now predicts a peak of 5.25 to 5.5 percent in the fall. Aaron Strutt, a broker at Trinity Financial, said: “Other lenders have raised their rates … Read more

What is the US debt ceiling and what will it mean if it is not raised?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE When that money runs out, the government will only be able to spend the money it receives through taxes. Therefore, it will no longer be able to meet all of its public spending obligations, such as paying wages in the public sector, or … Read more

US economy at risk of downgrade due to debt ceiling ‘on edge’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ms. Yellen noted that Treasury borrowing costs have already jumped sharply for securities maturing in early June. In a letter this week, she said, “If Congress does not raise the debt limit, it would cause serious hardship for American families, harm our leadership … Read more

Energy bills will remain above £1,700 by the end of the decade

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Wholesale gas prices are expected to stabilize at between 2.5 and three times current levels by the end of the decade, while electricity prices are expected to remain at two to 2.5 times the wholesale price, the ECIU said. Electricity prices are expected … Read more

Germany sinks into recession – UK avoids it

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Rising energy prices pushed Germany into recession this winter, new data shows despite Chancellor Olaf Scholz ruling out this possibility earlier this year. Europe’s largest economy contracted by 0.3% in the first three months of 2023, after shrinking by 0.5% at the end … Read more

The lack of risk in the city threatens the economy, Bailey warns

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He said: “We need to think about what is the right structure and operating model for this world to get the right balance between saving, risk-taking and productive investment. “We probably have too many small pension funds. The problem with this is that … Read more

What is the US debt ceiling and what will it mean if it is not raised?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE When that money runs out, the government will only be able to spend the money it receives through taxes. Therefore, it will no longer be able to meet all of its public spending obligations, such as paying wages in the public sector, or … Read more

Interest rates are expected to reach 5.5 percent as food prices continue to rise

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE There is a growing fear that Britain it may enter a spiral between wages and priceswhere inflation is fueled by workers demanding higher wages. This in turn forces companies to raise their prices to cover higher labor costs. Allan Monks, chief UK economist … Read more

Sadiq Khan asked to reduce metro fares on Monday and Friday to bring TWaTs back to office

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Center for Cities cited TfL Tube figures which showed that “last year’s strong return to the office” had stalled, with weekday journeys into the city center today at 70 per cent of February 2020 levels. The think tank urged Mr Khan to … Read more

Jeremy Hunt scolded for claiming debt will fall

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Hunt’s tweet sparked a complaint from Labor MP Dame Angela Eagle. She wrote to Sir Robert Chot, the head of the British Statistics Office, warning him that the message was “inaccurate and misleading”. In response, Sir Robert said the OSR had spoken to … Read more

The post-Brexit crackdown on immigration has led to a boom in hospitality workers’ wages

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Around 200,000 international hospitality workers have left the UK since 2019, according to the latest figures. Bosses are also offering incentives to workers, with “mental health and wellbeing days” cited as particularly popular in helping to retain staff. Kathy Dyball, director at Caterer.com, … Read more

How Macron stole a march on Britain – by pressing pause on net zero

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Emmanuel Macron had a spring in his step when he donned his helmet and joined workers at an aluminum factory in Dunkirk. The French president was there to announce the recent decision by ProLogium, the Taiwanese car battery maker, to set up its … Read more

“The period of strong house price growth may be coming to an end,” says the OBR

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE According to a senior figure at the government’s spending watchdog, “the era of massive house price growth may be coming to an end”. David Miles, senior economist at the Office for Budget Responsibility (OBR), said British property buyers were unlikely to see the … Read more

What is the US debt ceiling and what will it mean if it is not raised?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE When that money runs out, the government will only be able to spend the money it receives through taxes. Therefore, it will no longer be able to meet all of its public spending obligations, such as paying wages in the public sector, or … Read more

Sir Keir Starmer under pressure to revive Corbyn’s pledge to re-nationalise the energy industry

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Union leaders are pressuring Sir Keir Starmer to re-nationalise the energy sector, which will cost the taxpayer £200 billion if Labor is elected. Unite, Labour’s biggest financial backer, has publicly called for the party to re-adopt the policy. Sharon Graham, general secretary of … Read more

Sunak launched the biggest tax raid in 44 years, with one in five paying a higher rate

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The IFS has warned that the freeze will “disincentivize work” and push hundreds of thousands of teachers, nurses and electricians into a higher tax bracket for the first time, adding to the livelihood challenge many workers face. Households are facing a record drop … Read more

Why Sir Keir Starmer’s war on wealth will destroy what’s left of Britain’s economy

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The problem is that Labor does not offer the sober, safe alternative that it presents to the public. True, he has abandoned the wild, far-left radicalism preached by former leader Jeremy Corbyn and his shadow chancellor John McDonnell. He abandoned pledges to nationalize, … Read more

Britain has the worst growth in the G7 as the workforce stays at home

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Strikes have been instrumental in holding back economic growth earlier this year, the ONS said. Education, health, public administration and defence, and transport and warehousing – the sectors that saw industrial action in the first three months of the year – saw declines … Read more

The Bank of England admits it was wrong about the recession – with a record improvement in the UK economy

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Inflation, as measured by the consumer price index (CPI), is now expected to “decline somewhat less rapidly compared to February”, the MPC said. The bank’s 2% inflation target is not expected to be reached until early 2025, nine months later than previously forecast. … Read more

Four leading banks called out by MPs for ‘miserable’ savings rates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Banks have been quick to pass on higher interest rates to mortgage borrowers, but savers’ money is still sitting in accounts offering incredible returns. The gap between how much interest Virgin Money earns from borrowers and the amount it pays savers – its … Read more

Red tape is destroying the fight against inflation, Wetherspoon boss warns

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE An obsession with bureaucracy and a shift away from “free enterprise” threatens the UK’s fight against rising inflationwarned boss JD Wetherspoon. The pub chain’s chairman, Tim Martin, said a “lack of understanding” by politicians about how to boost the economy by easing regulations … Read more

What is the US debt ceiling and what will it mean if it is not raised?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE When that money runs out, the government will only be able to spend the money it receives through taxes. Therefore, it will no longer be able to meet all of its public spending obligations, such as paying wages in the public sector, or … Read more

Cash-strapped Brits are buying food before its expiry date to save money

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Seven out of 10 shoppers said they switched to cheaper products to reduce shopping bills. Just over a quarter of them exchanged the premium offer for standard or value products. Despite a cut in supermarkets, spending on airfare jumped 32.1 percent last month … Read more

As fears of a crisis spread, the shares of two more American banks fell

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Many banks have been hit by the Federal Reserve’s 10 consecutive interest rate hikes since last March in its fight against inflation. Federal Reserve on Wednesday raised the key interest rate by a quarter of a point to its highest level in 16 … Read more

What is the US debt ceiling and what will it mean if it is not raised?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE When that money runs out, the government will only be able to spend the money it receives through taxes. Therefore, it will no longer be able to meet all of its public spending obligations, such as paying wages in the public sector, or … Read more

Thousands of middle earners face 100% plus tax after Hunt’s stealth tax raid

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt’s tax raid will punish tens of thousands of middle-class families with tax rates higher than 100 percent until the next election, the think tank has warned. The policy in practice says that the “absurd” method of social assistance payments – including … Read more

First Republic shares continue to fall as fears of a wider banking crisis grow

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE First Republic fell after revealing earlier this week that it had suffered $100bn (£80bn) in withdrawals, sparking concerns about its financial health. Pressure on the bank has reignited fears of a wider banking crisis in the US. The Financial Times suggested earlier this … Read more

Only £10m of £2.2bn in fraudulent Covid loans recovered

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The business department recovered just £10 million of the £2.2 billion of taxpayers’ money lost in a black hole of fraud and error surrounding Covid support schemes, according to the government’s spending watchdog. The ministry’s “laissez-faire” approach has put public money at risk … Read more

Why the United States is getting richer – and Britain is falling further behind

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It warned that the appeal of the British capital was waning amid concerns that fewer companies were choosing to list in the UK. However, figures from the London Stock Exchange show that only 22 British companies have operated in the US over the … Read more

The introduction of a malaria vaccine in Oxford could have “huge” implications in sub-Saharan Africa, an economist says

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE A close-up of a yellow fever mosquito biting human skin is the vector of malaria, yellow fever, chikungunya, dengue and zika virus in Brazil, locally known as mosquito da dengue. Joao Paulo Burini | A moment | Getty Images This week, Nigeria joined Ghana in provisionally … Read more

On your fortieth birthday, a pound in your pocket is now worth just 30p

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Nowadays, a humble quid, now adorned with a nickel-plated alloy inner ring, doesn’t set you back a single mark (£1.10), while even one loaf of bread (£1.38) is now quite unaffordable. And those cigarettes? Sorry, but thanks to inflation and hefty tobacco duties … Read more

Half a million landlords will leave the buy-to-let sector as baby boomers retire

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE More than half of the properties for rent under mortgage were bought in the 11 years after the introduction of such loans and many of these early adopters are now cashing out. The average age of landlords buying and renting properties is now … Read more

Hunt warns Biden’s green spending could usher in a “dark age.”

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Joe Biden leading green energy policy risks are plunging the world into an economic “dark age”, Jeremy Hunt has warned The chancellor urged world leaders not to erect trade barriers after the US president approved $369 billion in subsidies to support climate and … Read more

Why Texas, not liberal California, is the perfect example for Brexit Britain

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Texas is booming. A key question for policymakers around the world – not least UK Chancellor Jeremy Hunt – is whether this is primarily due to the country’s luck and vast oil wealth, or the result of low taxes and minimal government intervention. … Read more

The IMF improves Britain’s economic forecasts the most in the G7

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE However, the UK will still see a bigger fall in growth than any other country this year. Russia will also record 0.7% growth in 2023, the IMF predicts. The IMF too warned of the looming danger of a global financial crisis. Economic adviser … Read more

Britain’s property market is on the verge of reckoning – the fall in house prices is just getting started

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Inflation will make it much harder for policy makers to act and reduce pressure on the housing market if values ​​do fall dramatically. After the global financial crisis, the Bank of England lowered interest rates. There were no inflationary pressures then. “This meant … Read more

Early retirement has caused inflation to rise, says Andrew Bailey

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Speaking at the London School of Economics, Mr Bailey said this was triggered by a combination of crises such as Covid and Russia’s invasion of Ukraine, as well as changes to the country’s trading relationship with the European Union after Brexit. He said: … Read more

Jeremy Hunt’s deferred state pension plan will cost taxpayers £250 a year

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt’s decision to delay changes to the state pension age will cost taxpayers around £250 a year, new analysis shows. The Chancellor’s plan to scrap an earlier rise in the retirement age will cost the public purse more than £60 billion, the … Read more

The Bank of England raises interest rates to 4.25 percent and warns of further problems

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Traders now estimate a two-to-three chance of a rate hike of another 0.25 points at the MPC’s next meeting in May. Even analysts who believe the bank’s job is done admit there is more uncertainty after the 0.25 point hike. Deutsche Bank’s Sanjay … Read more

How Labour’s capital gains tax attack would make Britain a global outlier

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The vast majority have systems similar to the UK, with comparable rates. If Labor were to introduce a higher capital gains rate of 40 per cent, it would be the highest rate since the start of 2000. The capital gains tax system was … Read more

Inflation unexpectedly spikes due to food shortages

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The biggest growth factor was vegetable prices, which jumped by 18 percent year-on-year. The UK is struggling with a lack of lettuce, tomatoes and other vegetables after bad weather hit farmers in southern Europe and Africa and higher electricity prices put pressure on … Read more

Budget 2023: What time and eight predictions for Jeremy Hunt’s spring statement

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Hunt will also reform energy bills so that families with pre-paid meters will not pay more for their energy than those with direct debit. Households with prepaid meters usually pay higher tariffs to cover the additional costs of the meter operating companies. … Read more

Budget 2023: Eight predictions for Jeremy Hunt’s spring statement

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Hunt will also reform energy bills so that families with pre-paid meters will not pay more for their energy than those with direct debit. Households with prepaid meters usually pay higher tariffs to cover the additional costs of the meter operating companies. … Read more

Wage growth cooled for the first time in more than a year

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE On Monday, traders cut bets on where they see the end of the tightening cycle after the collapse of Silicon Valley Bank in the US sent shockwaves through global markets. The Bank of England is expected to only hike by 25 basis points, … Read more

Budget 2023: When and seven predictions for Jeremy Hunt’s spring statement

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt will deliver a second major fiscal report next week as the chancellor is in the middle of a strong push for tax cuts. Falling energy prices and higher-than-expected tax receipts mean the outlook for Mr Hunt’s spring budget is dim. it’s … Read more

India’s wild rise threatens to upend the world’s fragile balance of power

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Much of India’s post-colonial history has been quite eloquent against Auguste Comte’s proposition that demography is destiny. Despite the explosive growth of the country’s population from around 340 million at the time of independence from Britain to 1.4 billion today, its economic story … Read more

The economy is growing because of Jeremy Hunt’s budget increase

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The UK economy returned to growth in January, raising hopes that it will avoid recession as activity rebounded after the December strike. As Jeremy Hunt prepares submit your first budgetThe Office for National Statistics (ONS) said the economy expanded by 0.3% in January, … Read more

Biden plans a 25% tax on billionaires

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE US President Joe Biden proposes a controversially taxing billionaireswealthy investors and corporations in a budget request to Congress. Mr. Biden’s request, expected to be released on Thursday, calls for a 25 percent minimum tax on billionaires and doubling the capital gains tax rate … Read more

Spring Budget 2023: When and seven predictions for Jeremy Hunt’s statement

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt will soon deliver the second major fiscal report of his time as chancellor amid a strong push for tax cuts. Falling energy prices and higher-than-expected tax receipts mean the outlook for Mr Hunt’s spring budget is dim. it’s getting a little … Read more

When quality stocks go on sale in the rough market, we love to go shopping. Here is our latest purchase

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE After keeping our powder dry since the end of February, we’ll be doing a little weakness shopping on Tuesday. . MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Source

The coming batteries for electric vehicles will eliminate fossil fuel traffic, with or without net zero

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Together, the Argonne-IIF battery and other global breakthroughs show that energy science is moving so fast that what seemed impossible five years ago is already a visible reality, and that we will see a very different technological landscape before the end of this … Read more

Spring Budget 2023: Date and seven predictions for Jeremy Hunt’s statement

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt will soon deliver the second major fiscal report of his time as chancellor amid a strong push for tax cuts. Falling energy prices and higher-than-expected tax receipts mean the outlook for Mr Hunt’s spring budget is dim. it’s getting a little … Read more

Jim Cramer’s Investment Club meeting on Monday: Fed and jobs, China reopening, Eli Lilly

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Every weekday, the CNBC Investing Club with Jim Cramer hosts “The Morning Briefing” live at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Fed and Jobs Report Stick with China Stocks Reopen Watch Eli Lilly 1. Fed and Jobs Report Stocks traded higher on … Read more

Spring Budget 2023: Date and seven predictions for Jeremy Hunt’s statement

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt will soon deliver the second major fiscal report of his time as chancellor amid a strong push for tax cuts. Falling energy prices and higher-than-expected tax receipts mean the outlook for Mr Hunt’s spring budget is dim. it’s getting a little … Read more

Hunt warned that the windfall tax was putting billions of pounds of investment at risk

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The wind farm letter was signed by executives from EDF, EnBW, ESB, Ørsted, Ocean Winds, RWE and Statkraft, along with representatives from industry bodies Energy UK and RenewableUK. The two energy companies plan to invest £48 billion in Britain by 2030. But they … Read more

People over 50 face a looming cash crunch when they retire

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Around one million of those who chose to take early retirement each have an average wealth of more than £1.2m. However, those who say they look after their family or home have an average wealth of just £137,000. Middle wealth for those who … Read more

Spring Budget 2023: Date and seven predictions for Jeremy Hunt’s statement

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt will soon deliver the second major fiscal report of his time as chancellor amid a strong push for tax cuts. Falling energy prices and higher-than-expected tax receipts mean the outlook for Mr Hunt’s spring budget is dim. it’s getting a little … Read more

When is the Spring Budget 2023 and what could Jeremy Hunt include?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt will soon deliver the second major fiscal report of his time as chancellor amid a strong push for tax cuts. Falling energy prices and higher-than-expected tax receipts mean the outlook for Mr Hunt’s spring budget is dim. it’s getting a little … Read more

Russia stares into a population abyss as Putin sends his young men to die

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Experts believe Russia may have fewer than 1.2 million births this year if military operations continue in the coming months. This would be the least in modern history, according to Igor Efremov, a researcher at the Gaidar Institute in Moscow. A separate estimate … Read more

Hunt warned that his tax attack could destroy the green shoots of recovery

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He said: “Corporate taxes are paid by some combination of workers with lower wages, customers with higher prices and shareholders with lower dividends, so we’re all going to feel the pain somehow.” Now both Santander CIB and Citigroup they predict that falling gas … Read more

Labour-linked think tank calls for tax-free flat-rate pension to be scrapped to tackle surge in early retirement

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Sir Keir Starmer, the Labor leader, has not expressed a position on pension reform, and party sources declined to comment on the proposal. The Resolution Foundation has also called for a shake-up of the current system that allows people to take 25 percent … Read more

Britain is the only G7 economy in Europe with falling wages, the OECD warns

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Real wages in Britain are still falling, although workers in Germany and France are seeing a pay recovery, new data shows. The UK is the only European G7 country where incomes continued to fall last year after adjusting for inflation according to data … Read more

The “squeezed middle” will suffer even if Britain avoids recession, economists warn

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Britain will avoid recession this year despite a painful slowdown hitting the middle class, a prominent think tank has said. The National Institute for Economic and Social Research (NIESR) said Britain will avoid a “technical recession” despite growth slowing to a crawl, as … Read more

Mortgage demand to fall to 12-year low as high interest rates hit borrowers

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE But the outlook is better than during the financial crisis. Default rates will be lower and banks will be more capitalized, meaning they will be better prepared to deal with increases, Ms Anthony said. The EY Item Club predicts that mortgage impairments will … Read more

Why falling UK house prices will not recover

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Although the fall will be protracted, Oxford Economics predicts that top-to-bottom prices will only fall by 12%, compared with the 18% fall recorded between 2008 and 2009. Andrew Goodwin of Oxford Economics says: “We think it’s a much higher proportion fixed rate mortgages … Read more

Britain’s workforce will be permanently reduced by the pandemic, says the Bank of England

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Policymakers raised interest rates from 3.5% to 4%, signaling that they are nearing a peak. Thursday’s rate rise will add almost £50 a month to the average monthly tracker mortgage payment. The bank also said that 1.7 million mortgages will be provided they … Read more

Long Covid plays an ‘underappreciated’ role in labor shortages, study finds

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Simpleimages | A moment | Getty Images A long covid puts people out of work and can reduce workplace productivity for others, contributing to labor shortages and weighing the U.S. economy overall, according to a new study. Long Covid – also known as long distance Covid, … Read more

National debt reaches 99.5 percent of GDP

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The student loan shakeup announced last year also accounted for a large share of the increase in borrowing, as repayments were reduced and tuition fees were frozen. Higher inflation however, rising wages also helped to increase tax revenues, as a result of which … Read more

Tories must prevent civil war over tax cuts, businessmen warn

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE However, according to the CBI, which represents 190,000 businesses, this is not the time for such discussions. He cited serious concerns that the government could “avoid making difficult decisions that could reverse the direction of the UK with a general election on the … Read more

Inflation has been falling for the second consecutive month

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE In general, transport costs are now growing more slowly than before the war in Ukraine and have been falling for six months. Flying, however, became much more expensive, increasing by 44.1 percent in the year to December. This is the largest increase since … Read more

How Britain’s imploding property market shattered the old Thatcher certainties

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Almost half of all people living here own their property, a higher proportion than anywhere else in England and Wales. One in five pensioners live alone, with only 18 per cent having dependent children, compared to an average of 30 per cent in … Read more

Why Singapore is not introducing new travel rules for visitors from China

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Singapore Health Minister Ong Ye Kung told parliament on Monday that the government is not imposing new restrictions on travelers from China because limited flight capacity combined with its current border policy has resulted in few imported cases — and even fewer severe cases — from … Read more

Central banks should not lead the fight against climate change, Fed chief says

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Central banks risk undermining their independence by getting involved in social issues and trying to solve climate change, the head of the US central bank has warned. Jerome Powell said it was essential that institutions “resist the temptation” to delve into “social issues” … Read more

How health insurance may have made health care more expensive

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE The rampant medical debt is a uniquely American problem. About 40% of US adults have at least $250 in medical debt, says a a survey conducted by the Kaiser Family Foundation. “The history of medical debt is essentially the history of the changing answer to the … Read more

Jim Cramer’s Investment Club Meeting Thursday: Avoid Expensive Stocks

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Every weekday, the CNBC Investing Club with Jim Cramer hosts “The Morning Briefing” live at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Avoid expensive stocks. Sticking with Danaher Still a Ford buyer 1. Avoid expensive stocks Stocks continued to slide on Thursday after … Read more

A protracted disease crisis threatens the UK economy

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE A row of ambulances outside the emergency department of the Royal London Hospital on November 24, 2022 in London. In the UK, the number of “economically inactive” people – those who are neither working nor looking for work – between the ages of 16 and 64 … Read more

Jim Cramer’s Investment Club meeting Friday: Fed strategy, club mantra, buying opportunities

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Every weekday, the CNBC Investing Club with Jim Cramer hosts “The Morning Briefing” live at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. The Fed is not ready to stop. A reminder of the investment mantra. Looking to buy 1. Fed not ready to … Read more

Jim Cramer’s Investment Club Meeting Tuesday: Inflation Cools, Stocks Lower, Eli Lilly

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Every weekday, the CNBC Investing Club with Jim Cramer hosts “The Morning Briefing” live at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Be cautious on CPI data Trim P & G Wait to buy LLY 1 Be cautious on CPI data Stocks jumped … Read more

Britain’s economy shrank in the three months to October as economists warn of recession

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Darren Morgan, director of economic statistics at the ONS, said the roll-out of the Covid-19 and flu vaccination campaign had also helped boost economic activity. Just under a million vaccines were delivered in September, and four million in October. Mr Morgan said: “Car … Read more

Long Covid is distorting the labor market — and that’s bad for the U.S. economy

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Charlotte Hultquist Charlotte Hultquist Weeks after Charlotte Hultquist got Covid-19 in November 2020, she developed a severe pain in her right ear. “It felt like someone was sticking a knife in [it],” said Hultquist, a single mother of five who lives in Hartford, Vermont. The 41-year-old … Read more

Jim Cramer’s Investment Club meeting on Thursday: Fed caution, retail tapering, Humana guidance

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Every weekday, the CNBC Investing Club with Jim Cramer hosts “The Morning Briefing” live at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Be cautious on Fed news We cut our position in COST Humana raises guidance 1 Be cautious on Fed news Stocks … Read more

Welfare bill rises by £90bn as Jeremy Hunt protects pensioners and cracks down on workers

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The OBR’s sobering forecasts came with an assessment that Britain is already in recession, with the size of the economy on track to be no larger at the end of 2024 than it was when the Tories won the election by a landslide … Read more

Summary of the Autumn Statement 2022: key points and changes at a glance

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE In a belt-tightening autumn statement, Jeremy Hunt is set to unveil more than £50bn of tax rises and spending cuts to shore up the government’s finances as the budget watchdog delivers gloomy economic forecasts. The chancellor is expected to freeze a series of … Read more

Household accounts are growing at the fastest rate since the 1950s

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The new peak is the latest sign of a bleak winter facing households, with the chancellor promising to help control inflation by raising taxes and cutting spending. Thursday’s Fall Statement. Jeremy Hunt blamed the new surge in inflation on “the aftershock of Covid … Read more

How France got caught in a spiral of chaos and decline

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE What happened to France? Once the most beautiful, brilliant and civilized country in the world is now caught in a seemingly irreversible spiral of decline. The French are aware of this – a survey last year found that 61 percent believe the country … Read more

The Bank of England is poised to unveil its steepest rate hike since Black Wednesday

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Bank of America economist Robert Wood said: “The UK will require significant further monetary tightening. “It has the worst of both worlds: high and persistent headline inflation due to energy prices and a very tight labor market due to rising long-term illness.” ING … Read more

2 takeaways from our daily session: stocks await Fed decision, club earnings summary

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Every weekday, the CNBC Investing Club with Jim Cramer hosts “The Morning Briefing” live at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. The Fed’s decision is coming. Club Earnings Quick Takes 1 Fed Decision Coming Stocks fell on Wednesday ahead of the Federal … Read more

How Xi sacrificed China’s future in pursuit of absolute power

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Driving just 1 percent of global economic output, the island punches well above its weight by cornering a large share of the market. Just under 40 percent of global processor chip manufacturing capacity is Taiwanese, while their dominance in the high-end is even … Read more

Rishi Sunak: A precautionary prime minister for a dangerous economic world

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “It can be easy to tighten too much … now is the time to start talking about stepping down,” said Mary Daly, the head of the San Francisco Fed. “Maybe we’ll find ourselves and the markets have priced that into an additional 75 … Read more

Pound gains after Boris Johnson pulls out of leadership race

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The pound extended its gains after that Boris Johnson has dropped out of the race to be the next leader of the Conservative Party. In early Asian trading, the pound rose one percent to $1.1401 on expectations that potential Prime Minister Rishi Sunak … Read more

Anger in Germany’s industrial heartlands as Putin cuts gas

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The automotive industry is highly dependent on a skilled workforce, which makes living in Germany attractive. On the other hand, the presence of the automotive industry also means demand for domestic steel production. “I’ve heard a lot of swan songs about the German … Read more

3 takeaways from our daily session: Stocks rise, Club Names rise in profits, Stick to DHR

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Every weekday, the CNBC Investing Club with Jim Cramer hosts “The Morning Briefing” live at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Stocks rally Earnings rise Club names Holding DHR 1. Stocks rally Stocks rallied on Friday on a report from the Wall … Read more

In full: Jeremy Hunt’s speech scrapping “almost all” of the mini-budget

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Chancellor Jeremy Hunt, only four days in office, tore apart predecessor Kwasi Kwarteng’s mini-budget and abandoned key principles economic agenda of Liz Truss. Mr Hunt scrapped “almost all” of the tax plans announced on September 23 in a pre-recorded statement released on Monday … Read more

The transformation of Britain into the new Italy is now almost complete

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It is important to consider this. None of the many Italian governments of the last twenty years have been particularly extravagant. In fact, most of this time the country was run by technocrats imposed on Rome by the European Union (first Mario Monti, … Read more

US inflation hits highest since 1982 as mortgage rates hit 30-year high

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The numbers will increase pressure on the US president ahead of next month’s midterms, with Democrats on track to lose control of at least one chamber of Congress. Mr. Biden has bad reviews for his handling of the economy after the spike in … Read more

economy sterling pound bailey bank england ftse 100 bond gilt

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Good morning. The Bank of England has lashed out at fellow City regulators over the pensions market fiasco after Andrew Bailey’s intervention caused borrowing costs to soar. In a report published on Wednesday, Threadneedle Street suggested that the Financial Conduct Authority (FCA) and … Read more

UK economy shrinks unexpectedly as recession fears return

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Yael Selfin, chief economist at KPMG UK, said the August result leaves “the UK economy on the brink of recession”. “The prospect of the Bank of England raising key interest rates higher and concerns about a faltering housing market could see GDP fall … Read more

Pound sterling Bailey Bank of England FTSE 100 bond yield gilts GDP British economy

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Markets remain jittery after Bank of England Governor Andrew Bailey said the bank would end its special support for the gilts market. Mr Bailey caused the pound to fall sharply. Sterling fell 1.3 percent to below $1.10 as the Bank’s governor insisted the … Read more

Due to NHS backlogs and prolonged Covid, the level of long-term illness is at a record high

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The employment rate fell by 0.3 percentage points to 75.5 percent and is now one percentage point lower than before the pandemic. The level of economic inactivity is higher by 1.4 percentage points and deviates from trends in other countries. Total wage growth, … Read more

More than 33 percent of companies plan to raise wages in line with inflation

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Companies are also increasing non-financial rewards for employees, hoping to attract and retain workers based on the quality of life offered. One in three respondents said they are allowing staff to work from home more regularly to save money on commuting, a direct … Read more

Kwarteng faces £60bn black hole in public finances as borrowing costs rise again

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The hole in the public finances will be smaller if Mr. Kwarteng succeeds in stimulating the economy. However, Citi expects its efforts to fall flat, with anemic annual growth averaging 0.8 percent over the next five years. Borrowing is expected to increase to … Read more

The Fed chairman who fought the financial crisis won the Nobel Prize in economics

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ben S. Bernanke, the former governor of the Federal Reserve who led the United States through the global financial crisis, is one of three winners of the Nobel Prize in Economics. The prize, officially named the Sveriges Riksbank Prize in Economic Sciences in … Read more

Race to defuse the time bombs lurking in the financial sector

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Bank of England stepped in and pledged to inject up to £65 billion into the market to stem the meltdown. Without action, pension funds that hold huge sums on behalf of retirees across the country would collapse. Jon Cunliffe, the bank’s deputy … Read more

Kwarteng must cut 200,000 public sector jobs to meet spending plans, IFS warns

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Kwasi Kwarteng needs to cut more than 220,000 public sector jobs if he is to fund planned wage increases and stay within spending plans, the Institute for Fiscal Studies (IFS) has warned. The think tank said the chancellor would be faced with finding … Read more

Unfunded tax cuts may lead to inflation, IMF warns

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The head of the International Monetary Fund warned that energy price limits and unfunded tax cuts like those in the UK, are taking families on a “rough and dangerous ride” that will keep interest rates higher for longer. In an implicit criticism of … Read more

Income taxes will rise by £21bn despite budget cuts

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The four-year freeze on several tax thresholds was announced by Rishi Sunak when he was chancellor as he tried to stabilize public finances after pandemic borrowing. It was announced before a jump in inflation and wages increased the amount the Treasury would generate … Read more

Pound’s best week since 2020 as market recovers from mini-budget collapse

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Overall, the pound is still down from $1.35 at the start of the year, but the recovery over the past week means it is now more in line with other global currencies, which have also fallen against the dollar. This has largely caused … Read more

3 takeaways from our daily session: Sticking to 2-year Treasuries, picking token stocks, and club names in the news

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Every weekday, the CNBC Investing Club with Jim Cramer hosts “The Morning Briefing” live at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 2-Year Treasury Remains the Right Buy When to Buy Our Tokens Quick Mentions: TJX, DIS, ABBV 1. 2-Year Treasury Remains the … Read more

MPs warn that 60 percent of people risk not having enough in their pension funds when they retire

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The government’s auto-enrolment pension scheme did not do enough to prevent a looming retirement crisisMPs warned, with more than 60 percent of workers still at risk of not having enough to live on in their old age. A report by the Work and … Read more

After the Russian “sabotage”, Great Britain launched an urgent security inspection of energy gas pipelines in the North Sea

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mark Wilson, operations director of trade group Offshore Energies UK, said the industry had no evidence of unusual activity in UK areas to cause any particular concern, but wanted to make sure it was prepared. Authorities in Norway, Britain’s biggest gas supplier, on … Read more

The pension fund crisis calls for a £65bn bank bailout

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Ministry of Finance insisted on Wednesday that it would fully stick to Friday’s package. Criticism in the Tory backbenches is yet to turn into a full-blown Commons rebellion, with much depending on the days ahead. Kemi Badenoch, the international trade secretary, will … Read more

Bank of England forced to intervene in markets due to ‘material risk’ to UK economy

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE There is no immediate limit to the scale of market interventions, echoing measures taken to prevent a market crash when the pandemic broke out. “Purchases will be made to whatever extent is necessary to achieve this outcome,” the bank said. A spokesman for … Read more

The IMF is urging Truss to reverse the top tax rate cut in rare interventions

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Speaking to MPs on Tuesday, the chancellor defended his decision to scrap the additional income tax rate, saying it was the “right” call despite mounting pressure. He said economic growth is expected to return in mid-2024. A spokesperson for HM Treasury said: “We … Read more

Gas prices rose by 8 percent in one day after three leaks in the Nord Stream gas pipelines

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Gas prices jumped on concerns about security of supply after leaks were discovered in key pipelines linking Russia to Europe, raising fears of sabotage. Prices in Europe rose 7 percent from €176 per MWh to €188 per MWh, while prices in Great Britain … Read more

The mid-term holiday crisis when prices for European getaways soar

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE This means that holidays in Europe have become much more expensive, with ticket prices for popular tourist attractions now much higher in pounds than they were a few weeks ago. An adult ticket to climb the Eiffel Tower costs €26.80 – the equivalent … Read more

Why the pound is falling, what it means – and what can be done about it

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Kwasi Kwarteng’s Debt-Fueled Mini Budget sent the pound and UK bonds crashing on Friday – but it became clear on Monday that this was just the beginning. Investors dumped British assets, selling off the pound and causing government borrowing costs to soar, according … Read more

Mortgages will be £100 a month more expensive from this Friday

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Extraordinary rate increase The Bank of England would accelerate a mortgage crisis for hundreds of thousands of buyers and homeowners looking for new business. If Bank Rate rises to 3 per cent this week, a buyer buying an average £295,750 property with a … Read more

Dollar rally continues as Putin’s war drags down global economic growth

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Britain will see zero growth next year, the OECD said, as the economy shrinks for the foreseeable future, before not growing at all in 2023 as a whole. The forecast does not take into account recent policy changes announced by the government last … Read more

What the fall in the pound means for your wallet

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE There could be further price increases in the UK for future launches if the dollar maintains or increases its strength. The prices companies must pay for essential ingredients will also rise, passing higher costs on to consumers. Paul Davies, chief executive of Carlsberg … Read more

Kwarteng is betting on the biggest tax cut in half a century

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Sterling fell almost 3.6 percent against the dollar to a new 37-year low below $1.0863, extending a free fall since Liz Truss took office with radical economic plans. It marked the pound’s biggest drop since the early stages of the pandemic in 2020, … Read more

10 Key Quotes That Reveal Kwarteng’s ‘New Age’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE 3. On the UK tax burden: “Higher taxes on capital and labor reduced the return on investment and labor, reduced economic incentives and further inhibited growth. “This cycle has led to predictions that the tax burden will reach its highest level since the … Read more

Steady tax cuts will trigger an “unsustainable” rise in debt, the IFS claims

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The IFS also warned that even taking into account the planned tax cuts, the tax burden will remain at the highest sustainable level in the UK due to negligible growth. It said boosting the economy would require a “coordinated change in policy direction”, … Read more

3 takeaways from Wednesday’s ‘Morning Briefing’ – We’re watching the Fed and firms with pricing power

MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE Every weekday, the CNBC Investing Club with Jim Cramer hosts “The Morning Briefing” live at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Let’s Let Our Stocks Run on Fed Day Firms with strong pricing are the winners here. Quick Mentions: CSCO, NVDA, QCOM, … Read more

Rumors of a British fiscal crisis are greatly exaggerated

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The prime minister’s energy plan is not ideal. Energy price cap £2,500 may be high enough to discourage waste, but the handout should not be extended to the wealthy. If speed and simplicity are imperatives – and yes, reducing the headline inflation rate … Read more