Liz Truss refuses to rule out help with energy bills in apparent U-turn

Rishi Sunak campaign attacks rival’s approach to cost of living as ‘laughable were it not so serious’UK politics live: latest updates as Truss accused of U-turnLiz Truss has denied she is ruling...

A tragedy': Britain's cost-of-living crisis worsens as rents soar and energy bills top $5,000

The typical household is expected to spend the equivalent of £4,266 on energy each year from January. Prime Minister Boris Johnson's spokesperson said it would be up to his successor to make...

In race to win, UK Conservatives accused of ignoring crises

LONDON (AP) — As Britain swelters through a roasting summer, and braces for a cold financial reckoning in the fall, calls for the Conservative government to act are getting louder.But the...

Liz Truss declines to commit on help for energy bills at Tory hustings

Rishi Sunak warns ‘British people will not forgive us’ if vulnerable households do not get help in winterLiz Truss has said she rejects the “Gordon Brown economics” of helping people directly with...

Johnson ‘absolutely certain’ next PM will offer more help on paying bills

PM makes unexpected intervention as Rishi Sunak criticises Liz Truss for refusal to commit to more handoutsBoris Johnson has waded into the Tory leadership row over energy costs by declaring he is...

The government’s got to get its hand in its pocket’: Darlington speaks out on the cost of living crisis

The ‘red wall’ town plays host to Tory hustings amid worries over fuel bills and Labour ‘gloom’ over winning back controlRobin Blair has been behind his fruit and vegetable stall since he was...

Liz Truss doubles down on refusing to offer support over rising energy bills

Liz Truss has doubled down on her refusal to offer financial help to people struggling with the cost of living crisis, as energy bills were forecast to exceed £4,200 annually from January, and...

Britain is becoming an 'emerging market country,' analyst says

The Bank of England warned last week that the U.K. economy will enter its longest recession since the global financial crisis in the fourth quarter. The only factor missing from a characterization...

If the Murdoch press is so panicked about recession, why did it back austerity and Brexit?

As Liz Truss and Rishi Sunak slug it out for PM, rightwing papers are waking up to the looming economic catastropheThe gloves are off and it’s bare-knuckle, below-the-belt slugging. Good. High...

Worried about bills this winter? In Truss’s Titanic economics, only the rich will get a life raft

With a national catastrophe looming, the Tory leadership candidates have adopted a muscular ‘anti-welfare’ stanceAs millions of families get ready to choose between starving and freezing, the...

Exclusive-Bank of England will probably need to raise rates again, Ramsden says

By William Schomberg and Andy Bruce LONDON - The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining...

Liz Truss plans could cost £50bn a year, and will ‘fail to help poorest cope’

Tory frontrunner says tax cuts and spending could cost £30bn, but analysis shows a much higher priceLiz Truss’s emergency tax and spending pledges could cost upwards of £50bn a year, with experts...

Dollar falls, pulling back on gains from Friday's jobs data

LONDON - The dollar fell on Monday, losing some of the gains it had made from Friday's U.S. jobs data, as currency markets pulled back on their initial reaction. Higher-than-expected U.S....

Take Five: Inflation still the name of the game

-Latest U.S. inflation numbers are in markets' sight, especially since Federal Reserve policymakers have come out in force to correct any misconception about their determination to slay...

Electricity Thefts Hit Record Levels In UK As Cost-Of-Living Crisis Worsens

Electricity Thefts Hit Record Levels In UK As Cost-Of-Living Crisis Worsens Authored by Chris Summers via The Epoch Times, A record number of people stole electricity in England and...

Why British Conservatives Went Cold on Rishi Sunak

The former chancellor who started the race in the lead is now lagging badly against Liz Truss.

Asia shares sluggish, dollar energised by U.S. rate risk

By Wayne Cole SYDNEY - Asian share markets made a stuttering start on Monday and the dollar held firm after a stunning U.S. payrolls report pushed back against talk of recession but also...

Paying particular heed to payrolls

A look at the day ahead in markets from Alun John U.S. payrolls data day is dawning shortly and set to tell us whether markets should be more worried about inflation or a recession. As Rabobank...

Top 5 Things to Watch in Markets in the Week Ahead

By Noreen Burke Investing.com -- Wednesday’s July U.S. inflation data will be the main highlight in the week ahead after last Friday’s much stronger-than-anticipated jobs report quashed hopes that...

China's export growth gains steam despite weakening global demand

BEIJING - China's export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a sharp, COVID-induced slump, though imports...

UK's Liz Truss ready to speed up tax cut plan, newspaper says

LONDON - Liz Truss, the front-runner to become Britain's next prime minister, plans to rush through tax cuts earlier than planned in an attempt to boost the country's flagging economy, the Sunday...

Rishi Sunak and Liz Truss: Tory headless chickens

Faced with stagflation, the Conservative leadership candidates have precious little to offer• You can order your own copy of this cartoon Continue reading...

Liz Truss rejects ‘handouts’ as way to tackle cost of living crisis

Conservative leadership frontrunner insists on tax cuts despite claims they will fuel inflationThe Conservative leadership frontrunner, Liz Truss, has rejected “handouts” as a way of helping...

Britain’s House of Lords Is a National Embarrassment

Both Liz Truss and Rishi Sunak have pledged to cut the size of the state. Where better to start than with the home of institutionalized sleaze?

I want to level up everywhere’: Rishi Sunak defends taking money from deprived urban areas

During a hustings in Eastbourne with Conservative party members, Rishi Sunak defended a clip shared by the New Statesman in which he said he took money from deprived urban areas to be...

Blain: "Deeply Concerned" ESG Has Become "Fundamentalist Quasi-Market Religion"

Blain: "Deeply Concerned" ESG Has Become "Fundamentalist Quasi-Market Religion" Authored by Bill Blain via MonringPorridge.com, “You may think I’m a dreamer, but I’m not the only...

Factbox-What is central bank independence?

Breaking News - Talk of changes to the Bank of England's powers has revived a debate on whether central banks should be independent of governments and in what way. Central bankers are tasked with...

It Only Hurts When I Laugh"

"It Only Hurts When I Laugh" By Michael Every of Rabobank It only hurts when I laugh Minister: Good morning. I'm sorry to have kept you waiting, but I'm afraid my walk has become...

No emergency cost of living help for at least a month, says minister

Business secretary Kwasi Kwarteng says support will not be introduced until ministers return to workThe UK business secretary, Kwasi Kwarteng, has admitted it will be more than a month before...

Something's gone wrong': Kwasi Kwarteng critical of Bank of England

The business secretary, Kwasi Kwarteng, has criticised the Bank of England’s control of inflation, saying 'clearly something's gone wrong' at the institution, as prices are predicted to rise by...

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