Click to Enlarge
Facebook
Twitter
The Financial Times quotes Huw Pill, chief economist at the Bank of England, warning that the debt-funded tax cuts announced by Chancellor Kwasi Kwarteng as part of Friday’s mini-budget will require a “significant monetary response”. The paper says forecasters now expect borrowing costs to reach 6.25%, almost triple the current rate of 2.25%, by May next year.

Financial Times Front Page 27th of December 2024

The Russian military has been accused of shooting down an Azerbaijani passenger aircraft, sparking controversy and tension as Western nations, including the UK and US, challenge Kremlin denials and highlight the incident’s potential breach of international security.

Read More »

Financial Times Front Page 23rd of December 2024

Nick Candy has pledged to help Reform UK disrupt the political landscape by supporting policies aimed at reducing the influence of established parties, with plans to introduce a law on fair donations and the backing of affluent supporters, positioning the party as a formidable force in upcoming elections.

Read More »