Oil price recovery clouds opec russia cuts plan

GB News: Call for Corbyn inspired policy amid cost of living crisis SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Mr Kerr explained that the British Government should be doing more than offering £400 to already struggling households. The Cobden Partners founder suggested the Government should embrace an approach similar to the one Jeremy Corbyn would have pursued if elected into Number 10 to solve the cost of living crisis. Britons have been calling for the British Government to act now and set out proper financial plans for struggling Britons as many are predicted to plunge into poverty in just a matter of a few weeks, due to the increased costs of living. Related articles Devon cliff dramatically COLLAPSES into beach … [Read more...] about ‘Would have bankrupted UK!’ GB News guest sparks uproar with Corbyn-style economy plan

Published 30 minutes ago comments Comments Share close Share page Copy link About sharing Related Topics Tory leadership Tory leadership candidate Liz Truss has insisted tax cuts were still the best way to ease the burden of soaring living costs. Ms Truss and her rival Rishi Sunak are under pressure to outline how they would support people with rising bills. When asked what she would do, Ms Truss said cutting taxes would let people "keep more of their own money". The worsening UK economy has been central to the Tory leadership campaign. Ms Truss and Mr Sunak, who are competing to be the next British prime minister, have clashed over their rival plans to deal with the economic fallout of skyrocketing energy prices. The Bank of England has predicted inflation - how fast prices are rising - will hit 13% and the UK will plunge into a recession later … [Read more...] about Tory leadership: Liz Truss still favours tax cuts to ease economic crisis

Liz Truss’s plans to slash taxes could trigger a wave of investment into the UK, the boss of Legal & General has said. Nigel Wilson, the influential City grandee and chief executive of the UK’s biggest pensions manager, said that cutting taxes on businesses could boost the attractiveness of Britain as a destination for international investors. Attracting overseas money could soften the blow as the economy heads into a recession, Mr Wilson said. "Reducing the tax burden will be seen by international investors [as a sign] that the country is open for business,” he said. It comes as Ms Truss and former chancellor Rishi Sunak, the two candidates vying to replace Boris Johnson as prime minister, continue to trade blows about whether immediate tax cuts would boost economic growth or stoke inflation. Ms Truss is in favour of rapidly cutting taxes in the hope it will stimulate economic activity, while Mr Sunak argues that slashing taxes now will only serve to prolong the … [Read more...] about Liz Truss’s tax cuts could trigger a wave of investment into the UK, says L&G chief

Low budget retailer Poundland has announced some exciting news for customers. Shoppers can buy goodies for less and at more locations across the UK. Poundland has always been a great money saver, but now some items will be priced at just a penny. READ MORE: Americans appalled to discover 'Poundland' as they say name is filthy double entendre With the cost of living causing an issue in Britain, now it hasn't been more important to bag affordable bargains. The variety store will cut the price of a thousand general merchandise items, including gardening items, DIY and kitchenware. This will be across all 800-plus stores. Savings include numerous lines at £2, including hand and bath towels, vases, jars and storage boxes. Squirrel feeders will be just £2 with the new price cuts. Online business Poundland.com has unveiled Value Heroes, a range of £1 household staples that aims to help beat inflation. Essentials such as Fairy Washing Up Liquid, Flash Cleaner and … [Read more...] about Poundland fans can buy certain items for 1p – and it plans to open more stores

Powerful explosions rocked an air base in Russian-occupied Crimea on Tuesday, and while the Defence Ministry in Moscow said that nobody was injured in the explosion, local authorities said at least five people, including a child, were wounded. Russia's defence ministry said that munitions blew up at the Saki base but insisted the installation had not been shelled. "Several munitions intended for aviation exploded in a depot located on the territory of the Saki military airfield, near the locality of Novofiodorovka," the statement said, quoted by Russian news agencies. Ukrainian social networks were abuzz with speculation that it was hit by Ukrainian-fired long-range missiles, and the New York Times cites Ukrainian sources who confirm it was their military that carried out the attack. There has been no official confirmation as yet. Videos posted on social networks showed sunbathers fleeing a nearby beach as huge clouds of smoke from the explosions rose over the … [Read more...] about Ukraine war: Huge explosions rock Russian military base in Crimea

Ukraine’s President Volodymyr Zelenskyy urged the EU heads to give Ukraine candidate status for the bloc's membership at the upcoming summit in late June. Speaking to the Copenhagen Democracy Summit in a video address, Zelenskyy asked the leaders of the 27 member states to show “that its words about the Ukrainian people being part of the European family aren’t a hollow sound.” Review the day's most important developments in the Ukraine war below. 06.10.2022 06:54 Friday's key points: Mariupol’s mayor has warned that cholera and other deadly diseases could kill thousands of people in the Russian-occupied city as corpses lie uncollected. President Zelenskyy has pleaded for Ukraine's entry into the European Union, and called for EU leaders not to leave his country in a "grey zone". Ukraine is losing up to 200 troops a day, according to a Zelenskyy aide. This is more than double the previous estimates. Two Britons and a Moroccan national … [Read more...] about Zelenskyy calls for more support from Europe, Ukraine’s EU candidacy

By Karen Hoggan Published 22 minutes ago Share close Share page Copy link About sharing Energy bills for a typical household could hit £4,266 next year, consultancy Cornwall Insight has warned. The higher estimate means the average household would be paying £355 a month, instead of £164 a month currently. Cornwall cited regulator Ofgem's decision to change the price cap every three months instead of six and higher wholesale prices for its high forecast. But Ofgem said no forecast for next year could be "robust" at this stage and had "limited value". The latest price cap - the maximum amount suppliers can charge customers for average energy usage in England, Scotland and Wales for October - is due to be announced at the end of this month. Cornwall expects this to rise to £3,582 a year, compared to the regulator's prediction of £2,800 a year . Dr Craig Lowrey, … [Read more...] about Energy bills forecast to hit over £4,200 a year

Published 4 July comments Comments Share close Share page Copy link About sharing Related Topics Russia-Ukraine war Russian President Vladimir Putin has ordered his defence minister to continue the offensive in Ukraine after Russia captured the city of Lysychansk. Mr Putin was shown on Russian TV calling on forces on other fronts to pursue their aims according to "previously approved plans". The capture means that all of Luhansk region is now in Russian hands. Earlier the region's Ukrainian governor said the city was abandoned so Russians would not destroy it from a distance. Soldiers have now moved to new fortified positions, Serhiy Haidai told the BBC. Losing the city and ceding control of Luhansk to Russia was painful, he said, but added: "This is just one battle we have lost, but not the war." He pleaded for more weapons from the West to … [Read more...] about Ukraine war: Putin presses on after Lysychansk capture

Families across the UK are facing a “devastating” winter of bill hikes - with energy bills set to skyrocket again, interest rates and inflation continuing to rise and warnings of a recession . Leading energy analysts are predicting the Ofgem price cap could hit a massive £3,359 in October - up £1,388 from the April price cap level of £1,971. The price cap is then expected to rise further still in January, with Cornwall Analysts suggesting it could reach £3,616. On top of this, the Bank of England has just raised interest rates from 1.25% to 1.75% - adding hundreds of pounds to homeowners with a variable rate or tracker mortgage, and pushing up the cost of borrowing. It comes as inflation continues to spiral out of control. Inflation is currently at a 40-year high of 9.4% and is expected to keep rising. Are you worried about rising bills this winter? Let us know: [email protected] Cost of Living Our Cost of Living team of experts are here … [Read more...] about Everything you can do NOW to prepare for ‘devastating’ winter bill shock

Dowden asked about what Boris Johnson should do next SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The outgoing Prime Minister was scheduled to meet in Warsaw yesterday, August 8, but Mr Morawiecki's office told Downing Street he no longer had time to meet. The visit was part of several calendar in-person and by-phone appointments set by Number 10 for Mr Johnson's final weeks in power. Related articles UK meringue company ends all exports to EU over Brexit 'disaster' GB News guests lock horns over Commons partygate probe into Boris After weeks of deliberations, the Warsaw visit was finally set for this week only to be cancelled with no further notice by the Polish leader. Mr Morawiecki's office told Mr … [Read more...] about ‘No time for you!’ Boris Johnson snubbed by EU state Poland with official visit CANCELLED