LIZ Truss has played "casino politics" with the economy, Piers Morgan blasted last night on Question Time. The Prime Minister's first weeks in office have also been an "unmitigated shambles" with a "reckless gamble" that "should never have happened", the Sun columnist added. And he insisted she is "done", telling the audience: "I'm not sure how she can have the brass neck to stay." But fellow panellist and businessman Wilfred Emmanuel-Jones, 65, begged the public to give her a chance, insisting people make mistakes and it is unfair to judge her so soon after taking power. An audience member kicked off the BBC show by asking: "How long do you think Liz Truss will be able to continue as PM?" It comes after economic turmoil following the Prime Minister's mini-budget last month. READ MORE PIERS MORGAN PIERS MORGAN Liz Truss' dull speech betrayed a floundering leader totally out of her depth PIERS MORGAN Britain … [Read more...] about Liz Truss has ‘gambled with the economy’, says Piers Morgan on Question Time, but panel asks Brits to give her a chance’
Economy
Inactive Brits are holding back the economy, says Bank of England policy maker
INACTIVE Brits are holding back the economy reaching its full potential, a Bank of England policy maker says. The proportion of people not working nor actively searching for a job has risen by 0.7 per cent between 2019 and the start of this year, figures show. Jonathan Haskell, an interest rate setter, said: “The rise in economic inactivity will hold UK growth back.” This contrasts with inactivity increasing during the pandemic but then falling back over the same time frame in most countries in the developed world. Prime Minister Liz Truss recently said she wants to encourage those who are economically inactive following Covid to get back into work. Haskell also welcomed the close involvement of the independent forecasters’ Office of Budget Responsibility in Chancellor Kwasi Kwarteng’s economic plans . READ MORE ECONOMY NEWS BILL BLOW Struggling families to be hit by £1,450 tax bill rise despite cuts, figures show … [Read more...] about Inactive Brits are holding back the economy, says Bank of England policy maker
Global economy ‘more likely to get worse than better’, head of IMF warns
THE global economy “is more likely to get worse than better” the head of the International Monetary Fund has warned. Kristalina Georgieva, 69, said even when countries are out of a recession people will still feel worse off because of “shrinking real incomes and rising prices”. Her warning came as Chancellor Kwasi Kwarteng told Britain’s banks he would work closely with them amid rising mortgage costs and the rapid withdrawal of home loans from the market. Average mortgage rates have now risen above six per cent for the first time in 14 years, costing homeowners on variable rates thousands more a year. Banks pulled mortgage products because they were unable to price them against government bonds, which had a huge sell-off after the mini-Budget . The UK has lost £300billion in Liz Truss’s first month as PM, according to Bloomberg. READ MORE ECONOMY NEWS WORK WOES Inactive Brits are holding back the economy, says BoE policy maker … [Read more...] about Global economy ‘more likely to get worse than better’, head of IMF warns
Residents plead with Wetherspoons not to open ‘unsuitable’ pub in Tory town
Christina and Derek Brown are worried about a Wetherspoon coming to town (Image: Yorkshire Live) 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 Wetherspoons has been met with fierce backlash after announcing they are opening a new pub in a "charming" town. One couple has even pleaded with JD Wetherspoon owner Tim Martin to try Sheffield instead - 50 miles away from their home in Wetherby, reports Leeds Live . Related articles Village pub one of first to offer apprenticeship to serving prisoner B&M shopper furious as £20 wallpaper 'wouldn't stick to her walls' Christina and Derek Brown, 76 and 75, said they are worried about Wetherspoons and its clientele creating a "disturbance". The grandparents-of-four are … [Read more...] about Residents plead with Wetherspoons not to open ‘unsuitable’ pub in Tory town
‘Austerity junkies’ to blame for derailing Truss’s growth strategy ‘Will pay for itself’
Liz Truss: John Longworth discusses 'Trussanomics' 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 John Longworth has been an outspoken cheerleader for "Trussanomics," the Prime Minister's all-out push to grow the UK economy by slashing tax and red tape. The former head of the British Chambers of Commerce met up with Express.co.uk at the Conservative Party Conference in Birmingham earlier this week to discuss the argument for Liz Truss' s radical economic visions and why the growth agenda has kicked up such a storm. Related articles SNP row as shipyard 'bullied' into taking 'down the Union Flag' Foul-mouthed former nurse defends Tory voter resuscitation comment Mr Longworth told Express.co.uk: "The whole … [Read more...] about ‘Austerity junkies’ to blame for derailing Truss’s growth strategy ‘Will pay for itself’
High consumer prices seen to gnaw on Q3 growth
Amid lingering high inflation, Barcelona-based think tank FocusEconomics expects the Philippines’ third quarter growth to hit the slowest pace since the end of the pandemic-induced recession. “Our panelists project GDP (gross domestic product) growth in the third quarter to decelerate to the slowest rate since the first quarter of 2021. Increased consumer prices will dent private spending, while higher interest rates will curb investment,” FocusEconomics junior economist Magdalena Preshlenova said in a report. FocusEconomics did not give an estimate for third quarter GDP growth. However, it cut its full-year 2022 GDP growth forecast for the Philippines to 6.7 percent from 6.9 percent previously. The updated growth estimate remained within the government’s downscaled 6.5-7.5 percent goal. The Philippines has been growing its GDP year-on-year since the second quarter of last year, reversing five straight quarters of economic contraction at the height of the most stringent COVID-19 … [Read more...] about High consumer prices seen to gnaw on Q3 growth
Homeless pods in car park will be ‘damaging for businesses’
Co-owner of Bango Kitchen, Howard Sellers, pictured with employee Natty Moosavinia (Image: Cornwall Live) 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 Plans to build homeless accommodation pods in a car park have been blasted by local business owners. It is feared the move will now hinder Penryn's recent attempts to be prosperous following the pandemic and damage the "viability of the town's high street" in Cornwall. Related articles Mum 'forced' to stand in street to stop parents parking outside home Man could lose 'lifetime of memories' as he faces eviction from home According to Cornwall Live, if approved, the pods would be built on a car park. Speaking to business owners nearby, the publication found that "right idea, … [Read more...] about Homeless pods in car park will be ‘damaging for businesses’
Xi hands EU huge energy crisis lifeline to end Putin’s threat as solar exports soar
Energy: Martin Lewis issues advice on direct debits 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 China has handed the EU a major lifeline in helping the continent end its reliance on Russia's natural gas, as Beijing's exports of solar panels have reached record levels in the past year. Renewable energy sources like solar and wind power have been touted as the key to helping the bloc phase out Russian fossil fuel exports, which Vladimir Putin has manipulated over the past year as retaliation to Western sanctions on Ukraine. China's surge in exports could be seen as a major betrayal of its ally Russia, as the two countries have deepend energy ties since the war, with Putin relying on China to buy up supplies of gas as it squeezes the EU. … [Read more...] about Xi hands EU huge energy crisis lifeline to end Putin’s threat as solar exports soar
Martin Lewis fan’s thanks after slashing £1,300 from energy bills
Martin Lewis debunks £2,500 energy price cap myths 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 A woman has shared her gratitude after she cut her energy bills by more than a third, following the advice of Martin Lewis. Praising the Money Saving Expert founder, Mavis wrote in to MSE to share her financial success. Related articles Aldi's ‘money-saving’ Tefal air fryer saves shoppers a huge £40 Households face annual energy bill of £4,000 It comes after the finance guru made a request to energy suppliers, reports the Liverpool Echo. Mr Lewis made the request following the announcement from Prime Minister Liz Truss that the Government would guarantee the average household will pay no more than £2,500 in energy … [Read more...] about Martin Lewis fan’s thanks after slashing £1,300 from energy bills
Woman hasn’t put the heating on since buying £57 Oodie
Flora Byatt has been singing the Oodie's praises (Image: StokeonTrentLive) This article contains affiliate links, we may receive a commission on any sales we generate from it. Learn more 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 As we draw ever closer to winter, and the cost of living crisis continues to bite hard, households up and down the country are desperately trying to find ways to save money on their sky-rocketing energy bills. One such way appears to be the Oodie , with people claiming it eliminates the need to turn on the heating. Oodie Blanket £57 View Deal The Oodie is a cosy, wearable blanket that has multiple design options and is a great option for keeping warm in the home. The blankets are proving … [Read more...] about Woman hasn’t put the heating on since buying £57 Oodie