Mini-budget latest LIVE: Kwasi Kwarteng set to announce tax cuts for millions

K wasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts – including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping moves intended to rev up the economy in the eagerly-awaited “fiscal event” on Friday morning. The … Read more

Kwarteng warns Bank of England over blaming Ukraine war for inflation

Kwasi Kwarteng has issued a warning to the Governor of the Bank of England, as he vows in Friday’s mini-Budget to break the “cycle of stagnation”.  The Chancellor told Andrew Bailey that claims that near double-digit inflation was mainly driven by the war in Ukraine were less credible now that the Government had taken action … Read more

How to get nutritious foods on a budget, from a RD nutritionist

Though gas prices are the lowest now than they’ve been in months, inflation continues to send the price of groceries higher than it’s been in 43 years, making it a bit more difficult for many Americans to afford the food they need. The food-at-home index rose by 13.5% since last year, according to Consumer Price … Read more

I don’t recognize Sweden anymore – POLITICO

Jim Stenman is a Swedish-Ethiopian journalist. He has worked as a producer for CNN International in Europe and the Gulf, and reported for Reuters and the BBC World Service. As Swedish Prime Minister Magdalena Andersson arrived in my childhood hometown of Eskilstuna recently, even she must have realized that Sweden was losing its war on gang violence.  Only a day earlier, the … Read more

A week like no other for Liz Truss – POLITICO

Press play to listen to this article LONDON — Everyone knows your first week in a new job can be tough. So spare a thought for Liz Truss, the U.K. prime minister, who was invited earlier this week to form a government by Queen Elizabeth II. Already ringed red in Truss’ diary was Thursday, September … Read more

iFlation! Apple raises price of iPhone 14 Pro to £1,099 as inflation hits UK customers

iFlation! Apple raises price of iPhone 14 Pro to £1,099 as inflation hits UK customers – while US buyers still only have to pay $999 Apple’s latest iPhone will now cost £150 more compared to last year’s launch  It comes as the pound falls to a 37-year low against the dollar at just $1.1403 The … Read more

Liz Truss under pressure to drop ‘unaffordable’ triple lock

Carl Emmerson, of research group the Institute of Fiscal Studies, said although there was a case for protecting pensioners in the short term, these large rises would make the triple lock too costly.  He said: “The triple lock is expensive over the long run and therefore will need to be ditched at some point.” The … Read more

Poland to Germany: Pay up! – POLITICO

Press play to listen to this article At a time when the attention of the European Union is focused on preventing Russia from conquering Ukraine, Poland is reigniting a conflict from the past — with the country’s de facto ruler on Thursday calling for Germany to pay 6.2 trillion złoty (€1.3 trillion) in reparations for … Read more

Scholz pitches major EU enlargement — with reform – POLITICO

Press play to listen to this article The EU should significantly expand but must first undergo fundamental reforms to ensure an enlarged bloc can still function, German Chancellor Olaf Scholz said Monday. During an hour-long speech at Charles University in Prague, Scholz outlined his vision for an EU of the future — one that has … Read more