Global wages fall for first time this century – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Global wages fell for the first time this century, with the UK suffering the second biggest drop among G20 developed nations since the financial crisis, data has revealed. Wages fell by an average of 0.9 percent in real terms around the world in … Read more

Kwasi Kwarteng’s mini-budget ‘wasn’t settled’ the day before the event, says Andrew Bailey

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Kwasi Kwarteng’s mini-budget ‘wasn’t settled’ the day before the event, says Andrew Bailey. MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

High taxes and “no future” spark fears of a mass exodus of young Britons

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Bloomberg analysis found that the marginal tax rate – meaning how much you are taxed for every extra pound you earn – is 42 per cent for people earning over £50,270 and 62 per cent for those earning more than £100,000. According to … Read more

The EU fears a trade war with the US in a dispute over Biden’s green subsidies

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE EU ministers are trying to avert a trade war with the US as Brussels and Washington tussle over $369bn (£304.8bn) of green subsidies being pushed by Joe Biden. Officials on both continents have set up a task force to assess the impact of … Read more

Winter energy bill support to cost taxpayers £1,800 per household – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ofgem raised the energy price cap this morning, which means nothing for British households in the short term but a lot for the Exchequer. The price cap will rise to £4,279 from January, meaning the government would have to pay almost £1,800 per … Read more

Oil prices fall as Saudi Arabia prepares to increase output

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Rishi Sunak is now on stage to outline how as Prime Minister he wants to “put stability and trust at the heart of this government’s agenda”. He plans to control inflation and balance the books, as well as “build a better country where … Read more

OBR criticized for ‘unbelievably high’ mortgage rate forecast

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE But Pantheon said the OBR’s new forecast was “unbelievably high”. It added: “We think the OBR is a bit too gloomy. After careful review, we believe it overestimated the size of the hit from mortgage refinancing next year.” Pantheon said the new forecast … Read more

Triple lock means pensioners will pay income tax on state pension until 2030

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Canada Life’s Andrew Tully said: “The frozen personal allowance and income tax thresholds are a hidden tax that will potentially push millions of retirees into paying income tax for the first time or paying a higher rate of tax when they previously had … Read more

Twitter outages increased after Musk closed offices

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE We already knew that Jeremy Hunt’s autumn statement was paving the way for years of pain, but the Resolution Foundation report makes for worrying reading. The cut to the Energy Price Guarantee, which will see average bills rise to £2,500 by April, means … 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

Record drop in household income wipes out decade of growth – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Welcome to Fall Statement Day. This morning Chancellor Jeremy Hunt will release the government’s financial plans, the first financial statements of their kind under Rishi Sunak. Hunt’s statement comes after inflation hit its highest level in 41 years, driven mainly by rising gas … Read more

In less than an hour, Jeremy Hunt delivered the death sentence on the aspirations of a generation

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE And there is no escaping the tax onslaught. We are now at the mercy of inflation, with frozen thresholds for everything from income to inheritance. It is a pincer for our wages and our wealth. Inflation was harmless at around 1 percent when … 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

Jeremy Hunt is warning of a “storm” as he prepares to unveil a £24bn tax hike

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt will say Britain needs to “face the storm” like him reveals £24bn tax hike. The chancellor will unveil his “plan for stability, growth and public services” in the House of Commons on Thursday as he promises to tackle inflation, protect the … Read more

Britain is suffering a unique “labour market shock” from a wave of early retirement and long-term illness, says Andrew Bailey

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Rising costs of dairy, pasta and energy pushed inflation to a new four-decade high in October, despite government help to lower bills. Prices rose 11.1 percent last month as the household cost of living crisis deepened, compared with a rise of 10.1 percent … 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

Job Market Begins to Change as Vacancies Fall – Latest Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A growing number of companies are holding back on hiring as job vacancies fell for the fourth month in a row. Although still at historically high levels, the decline in vacancies suggests that the labor market has begun to turn around as higher … Read more

Cryptocurrency market at risk of ‘cascading contagion’, warns Binance chief

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The head of the world’s largest cryptocurrency trading company has warned that the collapse of the $32 billion FTX exchange will cause “some cascading effects of contagion”. Changpeng “CZ” Zhao, CEO of Binance, who last week pulled out of talks on a last-minute … Read more

Economy shrinks as UK heads into recession – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The UK economy shrank in the third quarter, the latest sign that Britain is heading into recession. According to the ONS, GDP fell by 0.2 percent in the last three months. That’s down from 0.2 percent growth in the previous three months. The … Read more

Rishi Sunak’s sneaky tax grab is about to backfire

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Chancellor Jeremy Hunt is ready to impose deep freeze on tax thresholds in his budget next week. This means that recipients will be liable to pay income tax, higher rate tax and additional rate tax, all else equal, for at least another six … Read more

How tube strikes are slowing Britain’s recovery – and speeding up driverless trains

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE How tube strikes are slowing Britain’s recovery – and speeding up driverless trains. MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

Let more foreign workers into UK, says Brexiteer boss Next – Live Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Government must let more foreign workers into the UK to ease chronic labor shortages, the Next boss has said. Lord Wolfson said the UK’s immigration policy was holding back economic growth. He told the BBC: “We have people queuing to come into … Read more

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MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Elon Musk has sold almost $4bn (£3.5bn) of Tesla shares just days after completing his whirlwind takeover of Twitter. According to the new filings, the world’s richest man disposed of 19.5 million shares worth a total of $3.95 billion earlier this month. Mr. … Read more

Retail sales slow as shoppers focus on essentials – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Sales growth at British retailers slowed in October as a jump in prices prompted more consumers to focus on essentials rather than new clothes and homewares. Like-for-like sales growth slowed to 1.2 percent last month from 1.8 percent in September, according to the … Read more

The Mint Will Cut Thousands of Jobs This Week – Live Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Meta plans to begin mass layoffs this week that will affect thousands of workers, adding to growing job losses in Silicon Valley. The owner of Facebook could start layoffs as early as Wednesday, the Wall Street Journal reports. He has already ordered employees … Read more

Twitter sues staff as Elon Musk begins mass layoffs – Live Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Twitter employees are suing Elon Musk as the company begins a mass layoff program. The billionaire has started swinging the ax as he plans to lay off 37,000 workers – or about half of the workforce. But the employees filed a class-action lawsuit, … Read more

Elon Musk to Cut Half of Twitter Jobs – Live Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Elon Musk is set to cut half of Twitter’s jobs as he wields the ax at the social media company. The world’s richest man plans to cut about 3,700 jobs, according to Bloomberg. Affected employees will be notified tomorrow. Mr. Musk will also … 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

France must do more to tackle the migrant crisis, says a cabinet minister

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE France must “do more” to tackle the migrant crisis crossing the English Channel, a cabinet minister has said. Mark Harper, the transport minister, said France was “already doing a lot” but could step up its efforts, as he also argued the UK “could … Read more

Gas prices to ‘fall 30 per cent’ as winter supply fears ease – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Gas prices will fall by 30 percent in the coming months as fears of a winter energy crisis subside. This is according to Goldman Sachs, which has predicted that the European benchmark will fall to 85 euros per megawatt hour from the current … Read more

The NHS is asking for an extra £7bn as Rishi Sunak says health service spending will be a priority

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The number of cancer patients waiting more than two months for treatment has doubled since the pandemic, while public satisfaction with the services of a personal physician is the lowest on record. In return for “protecting” its budget, NHS England will be told … Read more

BP profits more than double to $8.2 billion as it cashes in on gas prices – Live Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE BP has joined rival Shell in forecasting huge profits for the third quarter, a move that could fuel calls for higher taxes on the windfall. The energy giant posted a profit of $8.2bn (£7.1bn) in the third quarter. That was $2 billion more … Read more

As Rishi Sunak prepares for the ‘difficult’ journey ahead, taxes go up big for everyone

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE On Monday, the Treasury said those with the broadest shoulders should bear the brunt, but it was “inevitable” that everyone would have to contribute more tax in the coming years given the “magnitude” of the challenge. “It’s going to be rough,” the source … Read more

Risk of global food shortages as Russia halts grain deal with Ukraine – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Commodities are back on the agenda this morning after Russia pulled out of a key deal that allowed grain exports from Ukraine. Putin suspended the Black Sea deal on Saturday, claiming drone attacks on his navy may have come from a grain ship … Read more

Retirees suffer as pension payouts begin to decline

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Experts said, appointment of new Prime Minister Rishi Sunak may continue to calm the nerves of bond investors – and payout rates could fall even further. Annuities exchange a lump sum for a guaranteed income until death. Their salaries are mainly based on … Read more

Trump’s eyes return to Twitter as Elon Musk prepares to lift ban – Live Update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Elon Musk became the new owner of Twitter last night and fired executives who he accused of deception. According to multiple reports, Musk fired CEO Parag Agrawal, chief financial officer Ned Segal, and head of legal affairs and policy Vijay Gadde. Mr. Agrawal … Read more

Meta’s market cap falls by $65 billion despite Mark Zuckerberg’s plea for ‘patience’ – Live Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Around $65bn (£56bn) was wiped off Meta’s market capitalization as the social media giant fell victim to the global advertising slowdown. The Facebook owner last night reported lower sales while its profit halved to $4.4 billion. The numbers spooked investors, with shares down … Read more

Markets latest: Pound lowers slightly as Sunak may delay fiscal statement

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE New Britain Prime Minister Rishi Sunak he is due to meet former chancellor Jeremy Hunt today as they seek to plug the multibillion-pound fiscal black hole inherited from the Truss administration. On Tuesday, Sunak said he would “put economic stability and confidence at … Read more

Rishi Sunak Latest News: New Tory leader to become next PM after Liz Truss holds final cabinet meeting

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE SEd Davey, leader of the Liberal Democrats, claimed that the Conservatives “don’t trust the British people”. Speaking to BBC Radio 4’s Today programme, he said people were “angry” at not being given the chance to have their say on who runs the country … Read more

Most Asian markets are growing, but Hong Kong and Shanghai are struggling – Live Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Shares in Hong Kong and Shanghai traded sharply higher on Tuesday after falling the previous day after Xi Jinping consolidated power in China, while other Asian markets added to gains on hopes the Federal Reserve will slow its pace of interest rate hikes. … Read more

Pound extends gains as Rishi Sunak nears Downing Street – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The US dollar on Monday weathered another perceived blow from Japanese intervention to lift the yen, while most equity markets rallied on just a hint of a possible slowdown in US interest rate hikes. The dollar opened in bullish mood with an early … 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

Will the new Prime Minister strengthen your finances?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The promise of a new No 10 resident has already lifted the outlook slightly after markets had been clamoring for a management change for weeks. They rallied immediately after Ms Truss’s resignation and the yield on the 10-year Treasury note, which rises when … Read more

Record inheritance tax for Exchequer as property market soars

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Treasury collected a record amount of death benefits in the first half of this tax year as bereaved families were hit by frozen inheritance tax relief and higher property prices. Inheritance tax receipts hit a record £3.5 billion in the first half … Read more

Pound falls as UK deficit rises to £20bn ahead of Chancellor’s Budget – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Public borrowing jumped in September, showing pressure on public finances ahead of Liz Truss’s disastrous fiscal plans to cut taxes. In the latest set of figures before Chancellor Jeremy Hunt unveils a new tax and spending plan, the Office for National Statistics (ONS) … Read more

Markets latest: Tesla falls after sales fall $640m below expectations – Live Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The pound is back under pressure after rallying on Monday after Chancellor Jeremy Hunt scrapped almost all of Liz Truss’ debt-fuelled, tax-cutting mini-budget that sent shockwaves through financial markets. Sterling was back around $1.12 early Thursday morning, down from $1.14 on Tuesday as … Read more

Wednesday evening UK news briefing: Suella Braverman quits as home secretary with withered letter

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Earlier, the Prime Minister told MPs: “I’m sorry and I made mistakes,” when she appeared at Prime Minister’s Questions for the first time since minor budget upheavals. She channeled Peter Mandelson as herself told MPs: “I’m a fighter, not a quitter” and surprised … Read more

Liz Truss latest: ‘The same people’ who ousted Boris Johnson are now running for PM, claims James Cleverly

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE James Cleverly suggested that the same Tory MPs who ousted Boris Johnson are now seeking to do the same to Liz Truss. The Foreign Secretary said “a lot of the same people” who “defenestered Boris” were now criticizing the new prime minister. Mr … 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. Truss could ditch the triple lock on … Read more

Liz Truss may ditch the triple lock on pensions, leaving millions out of pocket

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A rebellion is already brewing in the Conservative backbenches, with MPs vowing to reject the change in the House of Commons. On Tuesday, when asked if it was the triple lock on pensions was still in placeDowning Street has confirmed that the pledge … Read more

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

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Prime Minister survived a cabinet meeting with no ministers calling for her resignation, but one of the Tories’ key economic promises appears to be under threat. Mrs. Truss is is no longer committed to conservation pensions “triple-locked”, Downing Street said, paving the … Read more

Liz Truss latest: Minister says PM can’t afford ‘any more mistakes’.

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt will today confront the Cabinet with a demand for new spending cuts to restore the UK’s economic credibility (can read the full story here). The Telegraph understands that Mr Hunt will demand that savings be found even in the health and … 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. Jeremy Hunt: We have to make some … Read more

Monday evening UK news briefing: Jeremy Hunt cuts public spending to restore stability

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Pressure is mounting on Mrs Truss to step down as Prime Minister – with many of her own MPs now publicly calling for his resignation. She will meet One Nation Tories at 6pm in Westminster as part of a charm insulting to woo … 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

Jeremy Hunt is now the ‘de facto’ Prime Minister, a senior Tory says

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Sir Roger told Kay Burley on Monday: “I think Jeremy Hunt is the de facto Prime Minister at the moment. It is absolutely clear that all the decisions are now being made by Number 11 and in a way I am happy to … 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

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

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

The fall in house prices has started – we just don’t see it yet

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A mortgage strike During the financial crisis, home prices began to fall four months after a big rise in mortgage rates. Before the market turmoil of the past few weeks, interest rates had been rising steadily. Gabriella Dickens, analyst at Pantheon Macroeconomics, said: … Read more

Thursday evening UK news briefing: Downing Street ‘working on mini budget turnaround’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It comes as Conservative MPs consider crowning a successor to Liz Truss in the style of Lord Howard, which would oust the Tories as again to discuss the change of leadership. According to a number of Tory MPs who spoke to Telegraph. One … Read more

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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 News Wednesday evening briefing: Liz Truss rules out public spending cuts

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE However, Mrs Truss insisted it was he doesn’t plan to make any cuts on public spending, but that she will make sure that “we spend public money well”. The Prime Minister was angered by the spending pledge she made during the Tory leadership … 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

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

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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

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

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

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

A fall in housing prices is now inevitable

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Some people seem to think that house prices never go down. They apparently believe that the ever-increasing prices are driven by a constant imbalance between supply and demand, caused by population pressure to grow the housing stock, which is increasing only slowly, as … 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

Businesses collapse fastest since financial crisis as energy bills skyrocket – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Energy supplier Octopus has said it will pay customers to reduce consumption this winter amid concerns about power outages. The government said it would not ask Britons to use less energy, even after National Grid said the UK could face three-hour blackouts if … 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

Liz Truss faces Tory rebels in battle to control benefits

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mel Stride, the chairman of the Tory finance committee, told BBC Radio 4’s World at One that more minor changes to the budget may be needed. “There may be additional requests to release some of these positions,” he said. Esther McVey, the former … Read more

Monday 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. Tory rebellion forces Liz Truss to postpone … Read more

Tory rebellion forces Liz Truss to postpone vote on 45p tax rate

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE On Monday, Chancellor Kwasi Kwarteng will unveil a “promise to the people of this country” that his economic plan is “sound, credible and will boost growth”. He will say, “We must stay on this path. I am sure that our plan is the … Read more

Only my growth plan will reverse Britain’s controlled decline, says Liz Truss

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Michael Gove, who has backed Rishi Sunak in the Tory leadership contest, is expected to do so on Sunday join those calling for a change of course. Ms Truss said her planned mix of tax cuts and supply-side reforms was part of a … Read more

How to make money from falling stock markets

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE James Yardley of Chelsea Financial Services, a broker, said: “Board markets have been volatile due to persistent inflation. Rising costs are devastating to markets because they force central banks to disable the easy money we’ve all grown accustomed to.” Mr Yardley added that … 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

“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

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

Why London’s housing market is heading for disaster

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE At the start of 2009, monthly mortgage payments for the average UK home were equal to 39.9 per cent of the average full-time wage, according to Capital Economics. In London at the time, the share was lower, 38.1 percent. But then London house … Read more

Abandon HS2 to save public finances, says Lord Wolfson

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Lord Wolfson, whose father was a key adviser to Margaret Thatcher, was a a long-time critic of the high-speed track. His comments came as the major retailer sounded the profit alarm and warned that a weak pound would push up prices further next … 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

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

What Bank of England intervention means for your pension

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Anyone involved in a pension scheme will be upset by the news, yes the Bank of England intervened to save them. But is your retirement in jeopardy? We explain what today’s events mean for your pension. What types of pension plan did the … 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

Liz Truss must choose between a tax haven and a property crash

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Over the course of two trading days, we witnessed a particular jump in the UK bond market. Five-year bond yields rose by 140 basis points at a time when comparable OECD bonds rose by around 40 basis points. This is more serious than … Read more

Labor conference: Wes Streeting says ‘cavalry is coming’ as he presents Labor as government-in-waiting

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Wes Streeting, the shadow health secretary, has been given the key task of sprucing up Sir Keir Starmer’s big speech this afternoon. Mr Streeting is on the morning media circuit for Labour, claiming the party is ready for power and claiming it will … 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

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

It is “absolutely possible” that migrants could be brought in to fill labor shortages, says minister

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It is “absolutely possible” that foreign workers could be brought in to solve the labor shortage, the minister said. Chloe Smith, the Work and Pensions Secretary, said a “mix” of migrant workers could help the economy when asked if she expected visa restrictions … 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

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

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

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

What you need to do now to reduce your mortgage costs

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The lift will serve as immediate shock to borrowers with standard variable rate and tracker mortgages, of which there are a total of 1.6 million in the UK, according to banking trade body UK Finance, whose interest rates are linked to Bank Rate. … 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

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

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

The Tories must draw a line under this era of populist swagger

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE But the Tories must now draw a line under this era of massive public spending. Next week, new chancellor Kwasi Kwarteng has the chance to do just that with a “mini budget”. His task is to focus exclusively on growth, key to which … Read more

The little-known pension cap will cost private sector workers £1,200 a year

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE But annual increases in defined benefit pension schemes in the private sector are usually limited to 5 pieces, even if inflation is much higher. Pensioners are on track for a second hit in 2024, as the cap will cost them even more if … Read more

Due to the drop in fuel prices, inflation moderated for the first time in a year

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Almost double-digit inflation also reflected higher travel costs. Air fares are 40 per cent higher than a year ago, the ONS said, reflecting higher demand and soaring fuel costs. Televisions, personal computers and other recording equipment were among the few products that fell … Read more

Property prices risk falling as inflation destroys household finances

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Inflation is now at 9.9% – and that’s delivering a dangerous triple whammy for house prices. Falling real wages are hitting the pockets of buyers and home owners just as high inflation is forcing the Bank of England to raise interest rates. Together, … Read more

The UK is teetering on the brink of recession after a “weak” rebound

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said a recession now “hangs in the balance” for the current quarter, although he added that consumer spending would be helped by the government’s cap on energy bills, which will see them capped at £2,500 … Read more

With the end of the Elizabethan era, we sink into economic darkness

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE As if bracing for the looming debt crisis, the man who is effectively the country’s chief accountant, Tom Scholar, the permanent secretary at the Treasury, was summarily sacked. His rumored replacement, Antonia Romeo, Truss’s former permanent secretary while she worked at the Department … Read more

“Our energy bill has increased by over 300 percent”

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “When we first opened during the lockdown, our energy bill was around £1,500 a month, which sounds like a lot but is quite normal for a bakery of our size. Since about six months ago, our energy bill has increased by over 300 … Read more

How investors should react to the sharp fall in the pound

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Investor confidence in the British economy fell on Wednesday as did the pound fell to its weakest level against the dollar since 1985thank you the rising risk of a UK recession. However, experts warn that do-it-yourself investors need not panic. In fact, a … Read more

Liz Truss is considering plans to freeze energy bills until the next election

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ms Truss’ first policy announcement will be what campaign experts have called a twin package of measures to help households with rising energy bills and reform energy supplies. While the Truss campaign remained tight-lipped publicly about the measures on Monday, details are emerging … 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

Liz Truss could present energy plans to ministers on her first day in Downing Street

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE On Friday night, Ms Truss vowed she would “not let anyone talk us out of it” if elected as the next prime minister and would “do everything in my power to ensure the success of our great nation”. She said: “I believe in … Read more

Britain’s economy lags India’s as recession looms

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE India has overtaken the UK as the world’s fifth largest economy, while Britain teeters on the brink of recession. The world’s second most populous country overtook the United Kingdom in the last quarter of 2021 and has continued to widen its lead since … Read more

The housing market will decline for a decade due to higher rates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Aneisha Beveridge of the Hamptons said: “Given the cocktail of risks on the horizon, growth is likely to stall next year. Financial pressures fall on households as inflation bites and mortgage rates rise.” The sharpest decline will be in the regions that recorded … Read more

Britain’s failure to invest in technology was a disaster for savers

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE However, most companies in the UK’s FTSE 100 stock market index have been investing around 15 per cent of their investment in intangible assets over the past decade. However, if we look at the leading indices of the US stock market, the large … Read more

“The energy crisis is worse than the pandemic – I have to close the company”

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “This is worse than the pandemic. Back then there was a lot more support and it opened up for people to live more mindfully and invest in themselves,” he said. “Now people don’t know how bad this energy crisis is going to be … Read more

There are only five years of cash left, warns the ATM boss

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The head of the UK’s biggest ATM network has warned that cash only has five years left as the country’s infrastructure suffers “death by a thousand cuts”. “The cost of providing cash infrastructure, which includes ATMs, security centers and cash centres, is huge … Read more

Liz Truss is considering the ‘nuclear’ option of a five per cent VAT cut

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE In France, ministers pledged on Saturday to maintain electricity price caps that prevent energy companies from increasing by a maximum of four percent next year to protect households from spiraling rates. Ms Truss’s campaign began making plans for her “Emergency budget”but a source … Read more

New parents are being hit by inflation-busting diaper prices

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Families have been hit by price rises that have far exceeded the rate of inflation for key baby products such as nappies and wipes. Parents faced cost pressures from all sides, such as grocery store and energy prices continue to rise. And while … Read more

“I’m fleeing to the Algarve for the winter to avoid Britain’s sky-high energy bills”

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He pays £800 a month to rent a room in a shared house in Clapham. When she was in the Canary Islands last winter, living independently in an Airbnb cost her £700 a month. Ms Pintye said landlords were offering big discounts to … Read more

Middle-income people need urgent help to survive the energy crisis, warns the chancellor

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The National Institute of Economic and Social Research said that raising the price ceiling in October alone would add 2.7 percentage points to inflation, bringing the overall rate to 12.5 percent. Steady bill increases are expected to lift the rate to 14.2 percent … Read more

A spike in inflation threatens Truss’ plans to cut taxes, says IFS

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE High inflation and rising interest rates will send the government’s benefits, pensions and borrowing bills through the roof next year, throwing Liz Truss’ tax cut plans into question. The Institute for Fiscal Studies warned that borrowing over the next two years would be … 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. Modern slavery laws are the ‘biggest loophole’ … Read more

Nine out of 10 Bank of England staff received bonuses when inflation was soaring

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Nine out of 10 Bank of England staff received bonuses last year, despite inflation exceeding its 2% target. Disclosures show that a total of 4,263 workers received bonuses last year, representing about 90 percent of its workforce. The highest payouts were between £15,000 … Read more

Britain excludes Putin as Russian energy imports drop to zero

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The UK and EU have joined forces to impose sanctions on Russian coal and oil, with partial or total bans due to come into effect by the end of this year, and both have pledged reduce dependence on Russian gas. Despite flat direct … Read more

Households face £30bn sneak attack from tax freeze Rishi Sunak

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Families will pay an extra £30 billion in tax a year as rising inflation pushes millions into higher income tax bracketsaccording to a leading think-tank. Rising prices and former chancellor Rishi Sunak’s freeze on tax thresholds have left workers facing a stealth attack … Read more

The last thing we need to fight energy poverty is Soviet price controls or Macron’s pampering of the wealthy

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE French taxpayers bear the cost. EDF has to buy electricity on the open market at exorbitant prices to cover the gap. Macron is also forcing it to supply ultra-cheap electricity to rival public utilities. Needless to say, the French state must now bail … Read more

Homebuyers have just 17 days to get the best mortgage deals

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Homebuyers have just 17 days to secure the best mortgage deals before they are taken off the market as interest rates jump to their highest level in eight years. Time to close a loan has hit a record low, according to analyst Moneyfacts … Read more

Britain really isn’t working – and the failing National Health Service is to blame

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Greater bargaining power is leading to faster wage growth, which reached 6.2 percent year-on-year in the three months to May when bonuses are included. This complicates the Bank of England’s task of curbing the highest inflation in 40 years, amid fears of a … Read more

How rock bottom interest rates are doing more harm than good

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The text was delivered with the kind of menacing sneer debaters reserve for a knockout rhetorical blow. During their heated exchange on managing the economy in their televised debate on Monday 25 July, former chancellor Rishi Sunak took a look at opponent-to-be prime … Read more

Liz Truss plans Thatcher’s Treasury shake-up

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It is understood the Truss government would seek to end the Number 10/Number 11 joint venture founded by Dominic Cummings because he does not believe that it has led to effective economic policy making. Ms Truss plans to work closely with her chancellor … Read more

BT will risk the wrath of regulators over inflationary rises in broadband bills

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE BT is set to hit millions of households with above-inflation broadband bill hikes next spring, despite an urgent review by regulators into whether the telcos are mistreating their customers. Philip Jansen, chief executive of the telco, said the announced price rise would be … Read more

Liz Truss is attacking our economic institutions at the peril of the country

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE As far as I know, she has not yet called for the Bank of England to be stripped of its independence, but supporters complain that the organization is riddled with residual pessimism and has failed to do its job in controlling inflation, which … Read more

Gasoline sales have fallen as record high prices keep people from filling up their cars

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Gasoline sales fell sharply last month as people couldn’t fill up their cars due to record prices at the pumps. Selling fuel in yards decreased by 4.3 percent in June because drivers saved money. At the beginning of this month, gasoline reached a … Read more

Europe is moving on the foundations of a war economy – so should Britain

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE There is a suspicion that Brussels is abusing Article 122 and using this crisis to take control of energy policy. This is going to be a heated debate. Southern Europe has fresh and bitter memories of what happened in the eurozone banking crisis, … Read more

We got Brexit done – now we need to take advantage of the freedoms it has given us

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE My ambition is to make the UK the richest country in Europe by far in the next 15 years. As prime minister, I would task a new Brexit delivery department with reviewing all 2,400 remaining laws on our statute book – with the … Read more

Conservatives need to get back to first principles – and I will make sure we get the basics right

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Conservatives need to get back to first principles. You can’t waste what you didn’t earn. Government should do less, better. Real estate ownership should be as broad as possible. Nations need borders. Family is the first and best source of prosperity. I am … Read more

Families £8,800 worse off due to ‘toxic mix’ at heart of economy

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE British households are almost £9,000 poorer than households in similar countries due to stagnant growth and widening gaps between rich and poor, new research has found. The Tory leadership candidates have been urged to present an economic strategy that includes more than just … Read more

High interest rates are temporary, says Andrew Bailey

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE While more rate hikes are on the wayBailey’s comment about a return to a “low global balance” is one of the first suggestions that the bank expects higher interest rates to be short-lived. Factors such as longer life expectancy have pushed interest rates … Read more

Why the row is brewing over Britain’s £90bn Brexit red tape

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE As the government moves forward with plans to reform the pre-Brexit rules governing Britain’s insurance industry – called Solvency II – there is controversy over how far the changes should go. Whitehall’s plans aim to unlock £90bn of investment, by reducing the amount … Read more

Net Zero and an aging population will cost £180 billion, the OBR warns

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Net zero pressure and Britain’s aging population will force Britain to raise taxes or cut spending by more than £180 billion, the budget watchdog has warned. The Office for Budget Responsibility said the loss of car tax revenue and a surge in spending … Read more

‘Tax cuts in two weeks’: which taxes will Nadhim Zahawi focus on first

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Shah said: “Abolishing the rise for anyone earning under £50,000 would really help reassure those on middle and lower incomes. It would be an easy win in Mr. Zahavi’s first year as chancellor.” Increase personal allowances The tax burden is the highest … Read more

Boris Johnson hangs in the balance as Rishi Sunak and Sajid Javid leave

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He also explained that the pair differ on how to cut taxes and ensure economic growth, with forecasts showing recession is looming. “We both want an economy with low taxes, high growth and world-class public services, but this can only be responsibly delivered … Read more

£50bn wiped off FTSE 100 amid global recession fears

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE In the US, the yield curve – the difference in yields between long-term and short-term government debt – has inverted, a sign that investors are worried about imminent recession in the world’s largest economy. The FTSE 100 plunged 2.8 percent, wiping out around … Read more

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