Average five-year fixed-rate mortgage falls below 6%

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Average five-year fixed mortgage rate fell below 6% for the first time in seven weekswith a growing number of lenders now offering deals below 5pc. Brokers predict interest rates will continue to fall, with analyst Moneyfacts reporting that the average five-year fixed rate … Read more

Latest Politics News: James Cleverly says new UK-France deal aims to ‘absolutely’ stop migrants crossing the English Channel

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The ultimate goal of a new migrant deal between Britain and France is to “completely” stop illegal crossings of the English Channel by small boats, the foreign secretary has said. James Cleverly said the deal was agreed by London and Paris to “manage” … Read more

Kwasi Kwarteng “told Liz Truss to slow down” her economic agenda after the mini budget

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Kwarteng told TalkTV: “We were going at breakneck speed after the mini-budget and I said, you know, we should slow down, slow down. “She said, ‘Well, I’m only two years old,’ and I said, ‘If you keep it up, you’ll have two … Read more

The new top rate of tax could cost the highest earners thousands of pounds

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE An the increase in the top rate of income tax under consideration by Jeremy Hunt would cost the country’s highest earners thousands of pounds. The chancellor is said to be considering several proposals to raise taxes on high earners – one of which … Read more

Migrant system ‘struggling to cope’, says minister – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The UK’s immigration system is currently “struggling to cope” due to an “unprecedented increase” in the number of people entering the country illegally on small boats, a minister has said. Graham Stuart, the climate minister, said the migrant crossing crisis was “unacceptable to … Read more

Income tax cuts under new chancellor questionable

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Plans to cut the basic rate of income tax to 19 per cent could be scrapped as new chancellor Jeremy Hunt this morning refused to rule out further government policy upheavals, warning that “some taxes will have to go up”. He told the … Read more

Liz Truss news: Jeremy Hunt warns we need tax hikes and big spending cuts – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE AAsked if he got absolutely nothing to change elements of the mini-budget, Jeremy Hunt replied: “Yes”. Mr Hunt proposed cuts to health spending, suggesting: “I will be asking all government departments to find additional efficiency savings. Nobody cares more about the NHS than … Read more

Saturday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Liz Truss clings to power after sacking … Read more

Friday evening UK news briefing: Liz Truss confirms mini-budget turnaround as Kwasi Kwarteng sacked

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mrs. Truss dismissed Mr. Kwarteng after just 38 days in office, making him the second shortest-serving British Chancellor of the Exchequer in modern political history. Read about his mandate compared to the chancellors with the shortest tenure in history. The brutal sacking saw … Read more

What Jeremy Hunt as Chancellor means for your finances

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Personal tax The plan to cut the basic rate of income tax from 20p to 19p in the pound from next April is still in place. Ms Truss said Mr Hunt would present the government’s fiscal event at the end of the month. … Read more

I wish you well, Kwasi Kwarteng told Liz Truss after he was fired

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Kwasi Kwarteng was sacked as chancellor after just 38 days, making him one of the shortest-serving holders of the role. The former chancellor returned early from International Monetary Fund talks in Washington on Friday to be briefed on his fate in a brief … Read more

How Kwasi Kwarteng’s 38 days compare to the shortest-serving chancellors in history

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE But that was followed by market turmoil, accusations from Labor that he had “crashed the economy” and an embarrassing fall at the Tory party conference that saw him abandon plans to scrap the 45p top rate of income tax. His departure comes after … Read more

Nadine Dorries: Sunak supporters are trying to “subvert democracy” by plotting against Truss

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ms Dorries was unwaveringly loyal to Boris Johnson while in the Cabinet. She has backed Ms Truss’s No 10 bid, but last week suggested the Prime Minister must either stick to the 2019 manifesto or call a general election. She also launched a … Read more

Savers can get 50 percent more for their money than before the mini-budget

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Savers can earn 50 per cent more than they could before the mini-budget, thanks to a a flurry of dramatic rate hikes by bidders. Analysis of the best rates on the market now and before Chancellor Kwasi Kwarteng’s Mini Budget reveals that savers … Read more

Liz Truss deserves the “trust of the country”, insists the minister despite defeat in the polls

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Liz Truss deserves the “trust of the country”, Greg Hands said, as he called on fellow Tories and the public to “get behind” the Prime Minister and Chancellor. Kwarsi Kwarteng is returning to London from the IMF’s annual meeting in Washington DC ahead … Read more

Kwasi Kwarteng rushes home from the US for crisis talks with Liz Truss about the mini budget chaos

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Kwasi Kwarteng is rushing back to London from the US to hold crisis talks on his mini-budget amid speculation he may have been ordered back. The Chancellor had left the International Monetary Fund summit in Washington the day before to fly back to … Read more

Friday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Kwasi Kwarteng insists: ‘I’m not going anywhere’ … Read more

Kwasi Kwarteng insists ‘I’m not going anywhere’ as Liz Truss moves to reverse tax cuts

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mini-budget changes could be announced within days instead of waiting for a wider one “medium-term fiscal plan” on 31 Octoberit’s understandable. On Thursday, a number of MPs who supported her met with the Prime Minister in no. But other desperate Tories were considering … Read more

Tory rebels under fire for criticizing Liz Truss – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE James Cleverly condemned the anonymous Tories for criticizing Liz Truss after her appearance before the 1922 committee. The Prime Minister spoke to Conservative backbench MPs last night as she tried to stabilize her position as Prime Minister, but Mrs Truss clearly failed to … Read more

Equity release costs increase by £20,000 in one week

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Homeowners are trying to make money high house prices and releasing equity from their homes, interest rates skyrocketed within days. The lowest interest rate available on an equity release loan is now 6.87 per cent – ​​up from 4.44 per cent a week … Read more

Banks withdraw mortgage offers, costing homebuyers thousands in legal fees

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Potential homebuyers have lost thousands of pounds in deposits and legal fees after lenders withdrew mortgage offers in anticipation of a market downturn. Estate agents have reported a rise in banks canceling offers in the past two weeks – after a the backlash … Read more

Jacob Rees-Mogg admits economic ‘troubles’ as government faces pressure to act – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jacob Rees-Mogg has admitted there are “some difficult areas” in the UK economy amid ongoing market turmoil as the government faces pressure to intervene. The Bank of England yesterday intervened for the second time in as many days to prevent a “fire sale” … Read more

Tuesday evening UK news briefing: Mini-budget to boost growth, IMF says

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It was formerly the Bank of England forced to expand its reach again in UK bond markets as it warned that the threat of a gilt “fire sale” posed a “material risk” to financial stability. Today, the government borrowed at the highest interest … Read more

Kwarteng made a serious mistake and needs to reverse course

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE I served on the subcommittee when it was first formed. Our president, the former Minister of Finance, made it clear that we are there to advise and that the ministers decide on this. Of course, this should be the case, but the point … Read more

Liz Truss to face Cabinet showdown over benefits

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Liz Truss faces a critical cabinet meeting this morning amid a growing Tory backlash over benefits. The Prime Minister will call her top team in no. 10 and some of her ministers are expected to tell her that welfare payments must rise in … Read more

Latest: Markets on edge as IFS warns of £60bn spending black hole – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Good morning. Kwasi Kwarteng will be forced to plug a £60 billion hole in public finances with big spending cuts or a tax attack, the Institute for Fiscal Studies warned amid a new rise in the country’s borrowing costs. The Economic Think Tank … Read more

Tuesday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Nurse ‘poisoner’ charged with murder of seven … Read more

Liz Truss must listen to ‘restless’ party on benefits, Tory Peer urges

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Sajid Javid said this morning that benefits “must” rise with inflation to ease the cost of living crisis. The former chancellor, who is running to replace Boris Johnson as Conservative leader, reflected on how Britons were going through “incredibly challenging times”. “We can … 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

Every worker should have the right to a salary increase instead of saving for their pension

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It is common practice for companies to pay them a cash allowance instead of a pension contribution. I believe that every employer – private and public sector, DC or DB – should be required by law to offer a cash alternative to pensions … Read more

“I would never imagine making more than one cup of tea from a single tea bag”

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Away from government turmoil this week which saw Liz Truss abandon her plans to cut the rate of income tax by 45p and infighting at the Conservative party conference in Birmingham, a divisive debate over the correct method of making tea has erupted … Read more

Top earners lose £19,000 due to frozen tax thresholds

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Top earners have lost thousands of pounds while the additional rate threshold has remained frozen at £150,000 for more than a decade, new analysis shows. Chancellor Kwasi Kwarteng announced plans to cut the tax rate from 45p to 40p in his mini budget, … Read more

Only the wealthy pay inheritance tax – but there would be no outcry if Kwarteng abolished it

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Both taxes are ripe for reform, but you can bet they would be better received if Mr Kwarteng reduced the death levy instead of 45p. However, inheritance tax is inherently fairer than an additional tax rate. Income tax is a direct tax on … Read more

Thursday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Income taxes will rise by £21bn despite … 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

Wednesday night: PM vows to defeat ‘corporate enemies’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Many Tory MPs who were preparing to bury Ms Truss rather than praise her will now surely have reason to reconsider. This is according to Patrick O’Flynnwhich explains why me she far exceeded expectations for her speech – to sound authoritative, make a … Read more

Liz Truss latest: Tax cuts were ‘bitter tasting medicine’ says James Cleverly ahead of critical conference speech

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE James Cleverly likened the Government’s mini-budget to “bitter-tasting medicine” that will eventually make the nation feel better, saying Labour’s poll lead over the Tories was a “flash”. The Foreign Secretary said Liz Truss’ plans to cut taxes will lead to economic growth and … Read more

Wednesday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Disruption is the price of success, insists … Read more

Disruption is the price of success, insists Liz Truss

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Cabinet ministers are telling Tory MPs speculating about a possible change of leader that they would risk triggering a snap election if they opposed Mrs Truss. One rebel, who bemoaned the election slump under Mrs Truss and the prospect of another leadership change, … Read more

Tuesday evening UK news briefing: Suella Braverman accuses Tories of staging ‘coup’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Conservative president hinted that he was open to policy change on benefits as a battle broke out over whether they should rise in line with inflation or wages. To the question Telegraph whether benefits should continue to increase with inflation, Jake Berry … Read more

Liz Truss hints the government could further cut the top rate of tax to 45p in the future

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “Yes, we will have to make difficult decisions. Yes, we are going into a difficult winter. Yes, times are difficult.” Ms Truss said the row over the 45p rate had become “a distraction from mainstream policies‘ contained in the mini-budget, including the energy … Read more

“Inheritance tax must be abolished,” says the finance minister

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The government should abolish inheritance taxthe finance minister told the Conservatives this week. Andrew Griffith, a city minister working under Chancellor Kwasi Kwarteng, said the death levy would be his top choice of taxes to drop. Speaking at a Center for Policy Studies … Read more

Tory conference live: Liz Truss says government must be ‘fiscally responsible’ amid Tory backlash over benefits

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mel Stride, the Tory chairman of the finance select committee, said he would have to “think long and hard” if asked to vote to increase pay in line with earnings rather than inflation. He told BBC Radio 4’s Today programme: “I’d have to … Read more

Mortgage interest rates won’t go down despite Kwarteng’s tax turnaround

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE However, Jamie Lennox of broker Dimora Mortgages said lenders were unlikely to cut rates given the somewhat subdued market outlook. Mr Lennox said: “There is a real risk that lenders will be inundated with applications due to negative economic forecasts, which could lead … Read more

Monday evening UK news briefing: Kwasi Kwarteng downplays ‘little turbulence’ in Tory conference speech

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It is fair to say that Mr Kwarteng’s speech today could have been very different. But as the clock ticked past midnight on Sunday, the Prime Minister and Chancellor compared notes on the feedback they had received from MPs on the 45p tax … Read more

How the 45p income tax rate will affect you

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Higher earners will lose thousands of pounds in tax savings after the chancellor scrapped plans to scrap the top rate of income tax next year. Kwasi Kwarteng has confirmed that the government will not abolish the 45p income tax rate for anyone who … Read more

Kwasi Kwarteng scraps 45p tax cut: What he intended to say today vs. what he actually said

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Kwarteng intended to tell the party conference: “We must stay the course. I am confident that our plan is the right one”. But on BBC Radio 4 this morning, he said: “At a cost of 45p, it’s very simple. “We talked to … Read more

Saturday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Kwasi Kwarteng: I promise to keep my … Read more

Kwasi Kwarteng: I promise to keep my spending under control

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Kwarteng’s vow to stick to measures that may not be popular with everyone will be seen as a sign that he will not reverse the abolition of the 45 per cent top rate of income tax. On Friday, the Treasury resisted Tory … 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

Chopper Politics: Trusonomics – What Went Wrong?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “I’m careful about accusing anyone because it was pretty clear that this was going to be the strategy of the new team.” Julian Jessop, Economics Fellow at the Institute of Economic Affairs, joins Christopher Hop to talk about what went wrong for Trussonomics. … Read more

“The government should stick to its approach to economic growth – not reverse it”

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Over the past week, the world’s attention has turned to the UK economy as the pound has fallen to record lows against the dollar. The Labor Party conference and Giorgia Meloni’s victory as Italy’s first female prime minister were among the other biggest … Read more

Friday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Benefits are achieved as Liz Truss tries … Read more

The benefits are swift as Liz Truss tries to stem the bleeding of the mini-Budget

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ms Truss defended several times last Friday’s notices during her local media roundup and told BBC Radio Norfolk: “It’s a real plan we’ve put in place.” She warned of turmoil in financial markets around the world and gave no indication that any element … Read more

Thursday evening UK news briefing: Germany attacks UK economic plan

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Liz Truss said she was prepared to make “controversial and difficult decisions” as she defended the government’s mini-budget. The prime minister also said there were “many areas where the government can become more efficient”, apparently confirming that departments in Whitehall had been told … Read more

Latest Politics News: Ken Clarke says no other Tory government would make ‘mistake’ with mini-budget

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Chris philp, the chief minister of finance, has defended the government’s decision to scrap the top rate of income tax of 45p. Asked why the move was necessary now, he told Sky News: “The top rate now at 40 per cent, down from … Read more

Thursday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Pension fund crisis calls for £65 billion … 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

Wednesday evening UK news briefing: Today’s headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Liz Truss was accused of “incompetent insanity” one of her MPs after the pound hit a record low of £1.03 against the US dollar on Monday. Simon Hoare, the Tory chairman of the Northern Ireland Select Committee, who supported Rishi Sunak’s campaign, he … 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

Mortgage calculator: How much more you’ll pay as interest rates rise

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE First customer A first-time buyer bought their £250,000 home in August 2019 with a 10% deposit and a 2.1% mortgage rate in August 2019. If they extend the mortgage rate of 4.75% – the current market average – you would pay around £306 … Read more

Rup Huq’s comments about Kwasi Kwarteng were clearly “racist”, says Keir Starmer

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Sir Keir Starmer has flagged Rupa Huq’s comments about being a Kwasi Kwarteng “surface” black as blatantly “racist”. The Labor leader hailed the party for taking “very swift action” to suspend Ms Huq’s membership following her comments at a fringe event at the … Read more

Labor conference: Keir Starmer hints Labor could target rich with tax hike on stocks and shares

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Rupa Huq, a Labor MP, was suspended from the party yesterday after sparking outrage by saying Chancellor Kwasi Kwarteng was a “shallow black”. Sir Keir Starmer, the Labor leader, said this morning that the comments were “racist” and “wrong”. He told LBC radio: … 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

Tuesday evening UK news briefing: Bank of England signals ‘significant’ response to pound fall

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Because of the possibility that the bank will take action, homebuyers face strict limits on the amount they can borrow. Interest rates have already skyrocketed forced banks to limit the supply of mortgage loans and in some cases customers could borrow £90,000 less … Read more

The last big jump in the direction of growth ended in disaster – so this time may be different

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Still, there are risks. Many economists are concerned that a stimulus of this magnitude could fuel inflation, even though it is already far too high. Moreover, it has to be financed. At least in the short term, this will mean further borrowing by … Read more

Tuesday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Banks are withdrawing mortgages from sale due … Read more

Monday evening UK news briefing: Why markets hated the mini-budget

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Liz Truss and Mr Kwarteng were accused of “playing A-Level economics” of the former minister amid rumors that MPs are already submitting motions of no confidence to the Prime Minister. As concerns mount after the pound hit a record low against the dollar, … 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

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

Sunday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Liz Truss plans further tax cuts in … Read more

Liz Truss is planning further tax cuts in the New Year

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Those familiar with the discussions say the Treasury believes scrapping the lifetime allowance on pension pots could encourage doctors, police officers and highly paid nurses to stay in work. Under the current system, savers are forced to pay 55% tax on pension funds … Read more

Saturday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Kwarteng is betting on the biggest tax … 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

Friday evening news: The impact of a mini-budget on your money

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The revelation of the “Plan for Growth” prompted the pound and the FTSE 100 to fall sharply on concerns that the proposals increase debt and fuel inflation. The Institute for Fiscal Studies accused Mr Kwarteng of recklessly risking the country’s finances and warned … Read more

Lowering the bank bonus cap will boost City, says Kwarteng

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE After the cap, the City of London will be better able to compete with Paris and Frankfurt for jobs and investment bank bonuses has been abolished, Kwasi Kwarteng said as he strongly defended the controversial move. Kwasi Kwarteng laid out his case for … Read more

Chopper Politics: From Upstream to Downstream is Trusonomics Budgeting

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Chancellor Kwasi Kwarteng’s announcements today signal a seismic shift in the new government’s policies. But will Liz Truss’ risk on future growth pay off, how does it affect the public and how will Labor respond? Christopher Hope is joined in the studio by … Read more

Alcohol tax frozen to moderate price rises

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The move comes weeks after data firm CGA warned that pint prices could reach £8.50 next year. They have risen by more than 70 per cent since the financial crisis, rising to an average of £3.95 last year. In one pub in London … 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

Key points: Kwasi Kwarteng unveils tax cut plan in mini budget

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Kwasi Kwarteng is unveiling a multibillion-pound package of tax cuts to boost growth and end Britain’s “cycle of stagnation” in his mini-Budget today. The chancellor has already confirmed new investment zones to boost business spending and announced that households will benefit from a … Read more

Friday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Kwarteng warns the Bank of England because … Read more

What time is the mini budget tomorrow? Plus what to expect from Truss’ tax cut plans

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Kwarteng and Ms Truss are said to be considering accelerating the 1p cut in income tax – reducing the basic rate from 20p to 19p in the pound – which is currently scheduled for 2024. Mr Sunak confirmed the move when he … Read more

What time is the mini budget today? Plus what to expect from Truss’ tax cut plans

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Kwarteng and Ms Truss are said to be considering accelerating the 1p cut in income tax – reducing the basic rate from 20p to 19p in the pound – which is currently scheduled for 2024. Mr Sunak confirmed the move when he … Read more

Kwarteng warns the Bank of England because it blames the Ukrainian war for inflation

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Kwasi Kwarteng issued a warning to the governor Bank of Englandas he promises to break the “cycle of stagnation” in Friday’s mini-budget. The chancellor told Andrew Bailey that claims that near-double-digit inflation was mainly caused by the war in Ukraine were less credible … Read more

Thursday evening UK news briefing: Kwarteng to announce biggest tax cut since Thatcher

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Chancellor’s statement came hours after the Bank of England confirmed that Britain is in recession as he raised interest rates by 0.5 percentage points. The central bank raised interest rates to 2.25 percent as policymakers warned that the UK economy was suffering … Read more

Dividend tax reduction to save investors £345 a year

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE New Chancellor Kwasi Kwarteng to announce cancellation of Rishi Sunak dividend tax hike in tomorrow’s mini-budgetsaving investors and some self-employed people an average of £345 next year. It comes as a climb National insurance rates were also abolished just a few months after … Read more

Liz Truss hints she will scrap cap on bankers’ bonuses, says not every measure will be ‘popular’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Liz Truss has hinted at further tax cuts to come and suggested she will push ahead with her plan to scrap the cap on bankers’ bonuses – saying not everything her government does will be “popular”. Speaking ahead of the mini budget on … Read more

When is the mini budget? Predictions and what to expect from Kwasi Kwarteng predictions

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Kwarteng and Ms Truss are said to be considering accelerating the 1p cut in income tax – reducing the basic rate from 20p to 19p in the pound – which is currently scheduled for 2024. Mr Sunak confirmed the move when he … Read more

Kwarteng wants to remove the cap on bankers’ bonuses

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Kwasi Kwarteng is considering scrapping the bank bonus cap to reach the city more competitive globally. The chancellor is understood to believe the initiative would attract top talent to Britain amid a struggle to improve London’s position compared to other financial centers such … Read more

Liz Truss: Freeze on energy bills will save households £1,000 a year

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE In speech in the Commons on Thursday Mrs Truss said she would “not give in to the Leader of the Opposition calling for this to be funded by a tax on extraordinary income”. She acknowledged that “this intervention will come at a cost” … Read more

Who is Kwasi Kwarteng? What his newspaper column reveals as a 22-year-old ‘rising star’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “If a person’s only goal in life were to make as much money as possible, a university education would clearly be a waste of time.” The words are not those of Sir Richard Branson, Sir Alan Sugar or any other billionaire school dropout, … Read more

Liz Truss: No more band-aids to solve the energy crisis

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Wendy Morton, the transport minister, is likely to become chief minister, while Nadhim Zahawi is expected to lead the cabinet, while Brandon Lewis, the former Northern Ireland minister, is expected to become justice minister. Rishi Sunak’s team is said to have done significantly … Read more

Sunday Morning UK News Briefing: Today’s top headlines from The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s Early Morning News – an overview of the most important news we cover today. To receive information by email twice a day, sign up for our Front Page newsletter for free. 1. Liz Truss: I will stop the exodus … Read more

Chinese takeover of tech firm blocked over security fears

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The government has blocked a takeover of a Bristol-based electronics design firm by a Hong Kong rival in a new sign if Growing hostility to Britain Chinese investments. Business Minister Kwasi Kwarteng, tipped by some conservatives to be the next chancellor, ruled that … Read more

The robot camera deal with China was blocked on the first use of the new national security law

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE British academics have been banned from sharing robotic camera technology with a Chinese company in the first use of the government’s new national security powers. Kwasi Kwarteng, the business secretary, has banned the University of Manchester from licensing moving camera technology that can … Read more

Electricity will be cheaper on very windy or sunny days

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Households will save on energy bills with higher consumption of electricity during off-load periods and during especially windy or sunny days, according to government plans. Customers will receive incentives to use electricity as more renewables feed into the grid as part of energy … Read more

Petrol will be £10 cheaper per tank in a fortnight, says the AA

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The cost of filling up a car is set to be £10 cheaper in a fortnight as petrol and diesel prices finally start to fall. Motoring group the AA said the price of petrol fell 2.8 pa a liter from record highs, bringing … Read more

Unions are “bribing” workers for a strike

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The unions say strike payments are needed to compensate workers who lose pay when they take part in industrial campaigns. A TUC spokesman said: “When workers make a difficult decision on a strike, they lose pay and rely on the support of union … Read more

Fear of French takeover of broadband as billionaires share BT triggers national security review

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE This is a sign of a growing alarm in Westminster over the threat posed by the takeover of a telecommunications operator that is crucial to the country’s digital infrastructure and is doing secret work for the government. Such a takeover would also take … Read more

Kwasi Kwarteng warns the EU that the trade war is “completely self-destructive”.

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A trade war for Northern Ireland would be “completely self-destructive,” Brussels warned the business secretary. criticized “irresponsible” rhetoric. Kwasi Kwarteng also called on the EU not to react in a “disproportionate” way if the UK initiated Article 16 and overrules parts of the … Read more

Wednesday morning briefing with British news: Today’s headlines of The Telegraph

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to The Telegraph’s early morning news – an overview of the highlights we cover today. To receive email notifications twice a day, Sign up for our Front Page newsletter for free. 1. France calls for clarification of Exocet ‘killing switches’ that could … Read more

Kwasi Kwarteng and Rishi Sunak split over unexpected oil and gas tax

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Unexpected tax for oil and gas companies it would be “arbitrary and unexpected,” Kwasi Kwarteng said after the chancellor threatened to pursue the policy. The business secretary said on Sunday that a one-off tax on the profits of energy companies when the UK … Read more

Parliament has some “bad apples” that are not a culture of misogyny, insists Kwasi Kwarteng

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The cabinet minister denied that there was a culture of misogyny in parliament, instead pointing to some “bad apples” despite a series of scandals over MPs ’behavior. Kwasi Kwarteng, the energy minister, insisted it was a safe place for women to work, as … Read more

The UK could get seven new nuclear power plants by 2050

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The UK could collect up to seven new nuclear power plants as part of a radical expansion of domestic energy following Vladimir Putin’s invasion of Ukraine, the business secretary said. V interview with The TelegraphKwasi Kwarteng said that “there is a world in … Read more

Ministers have opened a criminal investigation into P&O Ferries

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A criminal investigation was launched against P&O Ferries after fourteen days ago dismissed 800 sailors. The insolvency service said it had “launched official criminal and civil investigations” into the actions of the ferry operator and its directors. In a letter to Kwasi Kwarteng, … Read more

Kwasi Kwarteng supports overhaul planning to increase onshore wind farms

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Kwasi Kwarteng has focused on large-scale land-based wind power expansion in the UK by facilitating planning rules introduced under David Cameron that impede development. The business secretary said onshore renewables “absolutely” should be part of plans to strengthen national energy security and that … Read more

Kwasi Kwarteng says Boris Johnson’s Jimmy Savil attack on Keir Starmer is “perfectly reasonable”.

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Kwartenga was asked if he would use the same words as the Prime Minister. He told Trevor Phillips on Sunday for Sky News: “I think it’s perfectly legitimate … depending on the context. “In this context, I think it made perfect sense … Read more

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