Bond markets were sent into frenzy and the pound fell after the Chancellor’s tears in the Commons – drawing comparisons with the disorderly reaction to Liz Truss’s catastrophic mini-budget. UK ten-year borrowing costs surged close to 4.7 per cent as Sir Keir Starmer declined to offer Rachel Reeves his support as she sat beside him at the Prime Minister’s questions.Continue reading “The Pound Plummets”
Tag Archives: Bank Of England
The ‘Bank of Wokeness’ Will Ditch Historical Figures
The Bank of England has been accused of ‘wrongheaded wokery’ after announcing it could drop historical figures from banknotes to reflect modern diversity. It has launched a consultation seeking suggestions from the public that could mean the end of using pictures of important characters – Sir Winston Churchill, Jane Austen, artist JMW Turner and code-breaker Alan TuringContinue reading “The ‘Bank of Wokeness’ Will Ditch Historical Figures”
Freddos Now Cost £1 In Inflation-Crippled Britain
It is the small frog-shaped chocolate bar beloved by Brits and fondly remembered for selling for just 10p. But now fans of Freddo have reacted after the iconic 18g chocolate was spotted on sale for £1. Although it is still available for less in numerous shops, the price represents a staggering tenfold increase since theContinue reading “Freddos Now Cost £1 In Inflation-Crippled Britain”
Markets Fear Rachel Reeves Will Change Rules In Budget
The expenses of servicing the UK’s £2.7 trillion debt pile are rising, and Rachel Reeves has been advised that she is “walking a tightrope” in the impending budget. Following a stormy beginning to Labour’s term in office, the Chancellor is gearing up to present a significant first fiscal package on October 30. However, because ofContinue reading “Markets Fear Rachel Reeves Will Change Rules In Budget”
UK economy Is ‘Turning A Corner’, Says Rishi Sunak
Britain is out of recession after official figures showed the economy ‘going gangbusters’ in the first quarter of the year. The GDP rebounded from its decline at the end of 2023 and increased by 0.6% in the first three months of 2024, quicker than anticipated. A recession is defined as two consecutive quarters of contraction.Continue reading “UK economy Is ‘Turning A Corner’, Says Rishi Sunak”
Crooks Are Sticking Fake QR Codes On Car Park Payment Machines In Order To Trick Motorists Into Sending Them Money
Conmen are ripping people off across the United Kingdom by putting fake stickers on car parking payment machines to trick motorists into sending money. The stickers and posters pose as genuine parking apps but if anyone scans the bar code on their mobile phone or visits the website, they’re directed to an app run byContinue reading “Crooks Are Sticking Fake QR Codes On Car Park Payment Machines In Order To Trick Motorists Into Sending Them Money”
It’s Imperative That The Floundering Tories Find A Purpose
It hardly needs saying, but this has been another depressing week for the Conservative Party. More catastrophic economic news, more policy bloopers, more self-inflicted wounds, all conveying a distinct impression that the government is running out of both ideas and steam. True, the Bank of England’s inability in handling inflation is entirely to blame forContinue reading “It’s Imperative That The Floundering Tories Find A Purpose”
It Doesn’t Pay To Work Hard
Angry workers have slammed a universal income benefit trial handling £1,600 a month to people who will be paid without having to work. A group of 30 people have been selected to take part in what will be England’s first-ever trial of a universal income scheme. Over the course of two years, they will receiveContinue reading “It Doesn’t Pay To Work Hard”
Do You Allow Your Bank To Take Advantage Of You?
Is your bank ripping you off? Actually, scrap that, the question should be, are you letting your bank rip you off? We all know that banks and building societies like to pass on rate hikes in a more timely and complete manner to borrowers than they do to savers. Yet, as interest rates have beenContinue reading “Do You Allow Your Bank To Take Advantage Of You?”
Non-Barcoded Stamps Won’t Be Banned Until Next Summer
A prohibition on old non-barcoded stamps has been postponed until next summer in a remarkable victory for The Mail on Sunday and letter writers across the United Kingdom. The Royal Mail’s climbdown also sees forms and Freepost envelopes being made available at post offices, making the process of exchanging old stamps for new ones muchContinue reading “Non-Barcoded Stamps Won’t Be Banned Until Next Summer”
THE MONTHLY MOSQUITO 