Bank of England urged to raise rates as markets bet on 6pc by next year

Gerard Lyons, economist at NetWealth and a backer of Liz Truss, said it is “down to the central bank to try and get ahead of the curve, to try and address the market concern”. He added that Mr Kwarteng also needs to act. “He needs to reaffirm that tax cuts are only part of the … Read more

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