Putin campaign promises

Putin warns Finland and Sweden on installing Nato infrastructure 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 Satellite images appear to show that more than 100 vehicles have been moved from the Alakurtti military base near the Finnish border, according to Euromaidan press. The vehicles likely have been moved to Ukraine as Russian losses mount there. Dozens of armoured personnel carriers and other vehicles, along with 800 - 1000 soldiers are reported to have left. Russian expert Marko Eklund said: “It is very likely that they were sent by train to Ukraine.” Russia has not announced any troop movements from the base. Trending Putin has pulled forces from the Finnish border. (Image: GETTY) The news comes as Canada … [Read more...] about Ukraine: Putin humiliated as forces retreat from Finnish border as NATO threat erupts

Vladimir Putin is getting the blame for the inflationary spike overrunning western economies and putting the UK on course for recession. “The Russian shock is now the largest contributor to UK inflation by some way,” said Andrew Bailey, Governor of the Bank of England, explaining the crunch engulfing the economy in terms which will surely delight the Kremlin. But it is not the whole picture. The invasion of Ukraine might have put rocket boosters under the price of fuel and food, but there is more to this stagflationary squeeze than chaos on Europe’s eastern frontier. In February, Threadneedle Street was already predicting a sharp acceleration in prices – weeks before tanks crossed the border and missiles rained down on Kyiv. Inflation had risen following October’s rise in the energy price cap, and the Bank of England thought more was on the way as it anticipated a peak CPI rate of 7.25pc in April. So what was causing inflation before the war, and is still contributing to … [Read more...] about Putin alone did not wreck western economies

Royal Family LIVE: 'Smear campaign' Reason Meghan bullying probe not public pinpointed (Image: Getty) 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 Meghan Markle and Harry: Koenig shares doubts over UK return While Camilla Tominey, writing for the Telegraph, said “no one expected” the report to be published in full, refusing to reveal the announced changes to the Firm’s HR department as a result of it represented “more than a missed opportunity”. When the allegations were first brought to light, a spokesperson for Harry and Meghan described it as a “calculated smear campaign”, adding the Duchess was “saddened by this latest attack on her character, particularly as someone who has been the target of bullying herself and is deeply … [Read more...] about Royal Family: ‘Smear campaign’ Reason Meghan bullying probe not public pinpointed

Liz Truss addresses policy change 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 UK households currently face the crippling effects of an energy crisis brought about by the skyrocketing costs of wholesale gas over the past year. With millions of Britons facing fuel poverty this winter as energy bills are set to reach £3,400 a year, tackling this crisis will be at the forefront of the next prime minister’s agenda. Foreign Secretary Liz Truss has repeatedly announced her plans to help families by “immediately” scrapping the green levies applied on bills. Related articles Evolution theory shattered as study finds- human brains did not shrink Musk primed to snub EU ‘bureaucracy’ and build new Tesla gigafactor... … [Read more...] about ‘Doesn’t make sense!’ Truss’ energy reform plan could send bills soaring higher

As Rishi Sunak’s campaign to become prime minister moves nearer what his supporters must fear will be an unsatisfactory conclusion , one wonders how he reflects upon his record as chancellor, and how that record fits – or does not fit – with the rhetoric of a would-be leader. Pushed on to the back foot, he has delivered an economic message with internal conflicts – contradicting things said earlier in his campaign, and much he did when Chancellor. Luckily for her, his rival was not so complicit in the design of the economic distress in which Britain now lingers. Mr Sunak conducted his time as Second Lord of the Treasury unaware of the fundamental flaw, in the eyes of most Conservatives, of pursuing policies that push taxes up rather than seeking serious savings in a total estimated public spend in this financial year of £1,087bn. This is £60bn up on the estimates for last year, and compares with an out-turn of £883.9bn in 2019-20, the last year before the pandemic. Covid is still … [Read more...] about There is nothing Conservative about Rishi Sunak’s record

Liz Truss presents herself as the “hope” candidate in the Tory Party leadership race. She’s going to need every ounce of it to be successful once in the job, for the reality is that the economy is about to sail into a veritable hurricane of trouble, starting with a renewed round of interest rate and energy price shocks. According to the latest forecast from the consultancy Cornwall Insight, the average household energy bill is set to top £3,600 this winter , with little sign of a respite in the consultancy’s view until 2024 at the earliest. The current Ofgem price cap is £1,971 on average; Cornwall reckons it will be up at £3,729 by April next year, and still at £3,469 at the next review in October 2023. If the Kremlin cuts off gas supplies to Europe this autumn, as threatened, the damage is going to be great still. Against such an onslaught, the Truss camp’s promised reversal of Rishi Sunak’s rise in National Insurance and the temporary suspension of green levies is like … [Read more...] about We are in a different world… and Trussonomics misses the scale of the challenge

Only Liz Truss can tackle Whitehall’s “failed groupthink” and kick-start economic growth, 21 current and former Conservative Cabinet ministers have said. In a letter to The Telegraph, the signatories argued that the Foreign Secretary would break from the “tired economic managerialism of the past” if she becomes prime minister . They also suggested she is more “in tune” with the British public than Rishi Sunak, urging colleagues and party members to unite behind her leadership bid. The signatories include 10 sitting Cabinet ministers – a third of Boris Johnson’s current Cabinet – and 11 past Cabinet ministers including a former Tory leader. The sitting ministers include Nadhim Zahawi, the Chancellor, Ben Wallace, the Defence Secretary, James Cleverly, the Education Secretary, and Penny Mordaunt, the trade minister who made the final three in the Tory leadership race . Mr Sunak has fewer endorsements from current Cabinet ministers than Ms Truss, but the backing of … [Read more...] about Liz Truss backed to tackle ‘failed Whitehall groupthink’ and kick-start economy

Let’s hope he’s right this time. If Andrew Bailey and pals at the Bank of England are wrong about inflation again, we’ll need higher interest rates and a deeper recession to drive it out of the system. That’s the trouble with losing credibility. Once you’ve lost it, you need to work harder and harder to get it back. The Bank this week released a dire new set of growth and inflation forecasts. A long, hard recession is coming and inflation is meant to peak at 13 per cent this autumn and then head conveniently back to the target of 2 per cent in early 2024. Of course, in May, the Bank thought inflation would peak around 9 per cent. In December last year, the Bank said that inflation was due to “transitory” factors and would peak at 4.5 per cent earlier this year. It’s not hard to spot the pattern. As Mr Bailey argues, it’s not the Bank of England’s fault if Vladimir Putin has decided to cut off the gas. The governor’s imperative, naturally, is to defend his own and his institution’s … [Read more...] about The real rot at the heart of the Bank of England

We have a choice about the sort of economy - and therefore country - we want to be. I won’t accept a torpid economic consensus that wraps Britain in onerous regulation and nanny statism and smothers the private sector. Britain has always been at its best as a free-trading, free-market, enterprise-loving and wealth-creating nation. Despite the Bank of England’s stark assessment this week , I do not believe in resigning our great country to managed decline or accepting the inevitability of a recession. The challenges we face are the consequence of the long tail of Covid, Putin’s appalling war and persisting with a tired economic orthodoxy. We cannot turn things around with abacus economics, placing undue focus on tax and spend rather than growth. That is why I will introduce a bold new plan to get growth going, deliver the supply-side reforms we need and put our economy on higher-growth footing. I would hit the ground running by bringing in an emergency budget, charting a … [Read more...] about I will pave the way to economic growth with an emergency budget

Rishi Sunak says he ‘can’t resolve’ state pensions 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 New analysis from the Labour Party of figures from the Bank of England has revealed a pension worth £6,930 thirteen years ago will only see a very marginal increase to £6,934 by next March. Based on prices in 2022, that is down by £462 on April this year as soaring inflation - which recently surged to 9.4 percent - eats away at retirement income. Shadow Work and Pensions Secretary Jonathan Ashworth said: "Having promised at the general election to help pensioners with the cost of living, the Conservatives then broke the triple lock. Related articles UK drivers warned of major fines for petrol and diesel cars in France … [Read more...] about ‘Betrayed pensioners’ Retirees to be 8p better off than in 2009 after triple lock decision