Nearly all the tax cuts announced in the government’s mini-budget are being reversed – here are seven things you need to know about the U-turn. 1. Let’s start with the fact that actually it wasn’t just a U-turn. It was more. Not only did it reverse the majority of policies in the mini-budget, it went
Month: October 2022
A 10-year-old boy has been mauled by a black bear while playing in his grandparents’ garden in the United States. The animal then attempted to drag the young child away before being shot by police officers, officials in the state of Connecticut said. The boy was injured but survived the ordeal. He was taken to
Sir Keir Starmer has mocked Liz Truss for ducking an urgent question on the economy in the Commons, saying ”the lady is not for turning up”. Penny Mordaunt answered the question on the prime minister’s behalf, and the Labour leader thanked her, saying: “I guess under this Tory government, everybody gets to be prime minister for
Jacob Rees-Mogg, the business secretary, has opened formal talks with Britain’s second-biggest steel producer about a taxpayer bailout amid fears for thousands of industrial jobs. Sky News has learnt that Mr Rees-Mogg wrote to Jingye Group, the owner of British Steel, last week, to express a willingness to negotiate over the Chinese company’s request. A
Former Russian state TV journalist Marina Ovsyannikova has fled the country after escaping from house arrest, her lawyer said. Ms Ovsyannikova interrupted a live broadcast in March to protest against the war in Ukraine, holding up a sign which read in English: “No war. Russians against war.” In Russian it read: “NO WAR. Stop the
Gangs Of London has found an unlikely fan in the Albanian prime minister, as it returns to screens later this week. The Sky thriller, which has a body count that rivals that of Game Of Thrones, is back for a second season on 20 October, treating fans to more political intrigue, more bloody gun fights,
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 14, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Volatility and earnings Last week, economic data fed the market’s volatility. Inflation remains red hot, so
How dangerous can a seven-second video be? Short clips like this one showing protests in Iran have been widely shared online since the death of a young woman a month ago sparked country-wide civil unrest. Mahsa Amini‘s name in English and in Persian has become the most used hashtag in the world over the last
As London Film Festival comes to a close, it once more served up another stellar selection of new cinema from around the world, with many of the best works coming from female filmmakers. Here are just a small selection of the movies on display that celebrate women filmmakers. Aftersun Scottish film-maker Charlotte Wells’ debut is
After allowing her chancellor to rewrite the government’s energy price plan, Liz Truss has just removed one of her biggest remaining arguments for staying in power. Yes, reversing the Kwarteng income tax cut, abolishing the dividend tax changes and the VAT-free shopping scheme are very politically painful. But abandoning the existing energy price cap scheme
Just over three weeks ago, then-chancellor Kwasi Kwarteng unveiled his tax-cutting mini-budget to MPs which caused economic turmoil in the UK. Following a dramatic U-turn on a promise to abolish the 45% higher rate of income tax after backlash from the government’s own Conservative MPs earlier this month, Mr Kwarteng has now been sacked –
NATO has begun its annual nuclear exercises in northwestern Europe amid tensions over the war in Ukraine and President Vladimir Putin’s threat to use any means necessary to defend Russian territory. Fourteen of NATO‘s 30 member countries were due to take part in the exercises. The military alliance said the practice operation would involve around
Around 34,000 homes may be inundated because of extreme flooding in southeast Australia, according to an official comment made on Monday. Some towns are now facing their highest river peak for decades, including the most severely affected state of Victoria. Murray Watt, the federal emergency management minister, told Australian Broadcasting Corp: “It’s quite likely we’ll
Jeremy Hunt has revealed he is reversing “almost all” of the tax cuts announced in his predecessor’s mini-budget and is scaling back support for energy bills. In an emergency statement, the chancellor said a 1p cut to income tax will be delayed “indefinitely” until the UK’s finances improve instead of being introduced in April 2023
Kanye West is to buy the social media platform Parler, the company’s current owner has announced. Parlement Technologies said it had reached an agreement in principle to sell the “pioneering uncancelable free speech platform” to the rapper, who now goes by the name Ye. West said: “In a world where conservative opinions are considered to
Netflix has defended The Crown as a “fictional dramatisation” after coming under fire for scenes expected to feature in its upcoming fifth series. The big-budget royal drama moves into the 1990s for its next season, covering the period around the break-up of Charles and Diana‘s marriage – starring Dominic West and Elizabeth Debicki as the
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