Business UK
Interest rates: Double whammy of rising prices & borrowing costs for most vulnerable | On the Money
Our clients are expecting a bit of a double whammy as we head into winter… an enormous rise in their utility bills and now potentially, the cost of their borrowing will start to go up.’
StepChange’s Richard Lane on what rising interest rates could mean for the most vulnerable.
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Labour MP Dame Emily Thornberry has told Andy Burnham to rejoin the EU without a second referendum.
Mrs Thornberry, who chairs the Foreign Committee, insisted the EU was not a “sacred cow” and those wishing not to talk about striking a deal should “get over it”.
“Why shouldn’t we talk about it when the majority of people agree with me that Brexit was a disaster, and we ought to get back into the European Union,” she told Sky News.
Labour MP for Halesowen, Alex Ballinger, responds to Mrs Thornberry’s comments.
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Business UK
SHOCKING: Rioters BURN DOWN government buildings as anti-Trump protests spiral out of control
Student rioters have looted banks and trashed shops in protest against the Trump family’s alleged invovement in a luxury resort development in Albania.
On Wednesday rioters stormed government buildings and set fire to the Ministry of Education, Ministry of FInance and Ministry of Justice. Police used water cannons to disperse protesters.
Student riots flared after a summer of largely peaceful protest demanding the resignation of Tony Blair’s protege – Edi Rama. Those demonstrating claim the government is corrupt and has allowed the sale of protected land to Donald Trump’s son-in-law, Jared Kushner.
#donaldtrump #freespeech #riots #eu #protest #albania
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Business UK
Energy CRISIS: BROKE Labour warned NOT to help Brits at Budget as fuel prices SOAR and markets panic
Justin Urquhart Stewart backs IMF calls for Labour to restrain public spending ahead of an energy price crunch, with gas prices set to rise by up to 25% and an ongoing global diesel supply crisis due to the Iran war and Houthi rebels.
While the British economy defied expectations and grew by 0.1% in August, Urquhart Stewart says the media must stop congratulating Labour on what is effectively a growth rate of zero.
Urquhart Stewart believes a brewing bond market crisis in France could spread to Britain, though a competent Chancellor may use a French crisis to position a more fiscally restrained Britain as a safehaven for investors.
#economy #energy #iran #donaldtrump #labour #Budget
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@abbykickass3210
December 19, 2023 at 7:42 pm
These dodgy PPE contracts just look even more corrupt now considering we're getting shafted from every direction with price rises! It looks like "The Great Reset" is losing it's conspiracy theory tag & starting to become reality like everything else!
@NorsemanPatriot
December 19, 2023 at 7:42 pm
Good job Doris I'm 20 and will never be able to afford my own home now and also since I'm disabled we barely get enough to live on as it is either pay the rent or starve
@benamos2878
December 19, 2023 at 7:42 pm
Get out of Sterling now, while you can buy something with it, the BoE are letting hyperinflation happen, then comes the civil war.
@lapamful
December 19, 2023 at 7:42 pm
After the billionaires have increased their net worths by… well, billions, the rest of us after being put out of work and locked up all year essentially get additional taxation on absolutely everything. I mean in all honesty, what's not to like!?
@linguistengineer588
December 19, 2023 at 7:42 pm
interest rates cannot realistically go up beyond 1%, the macrotrend is deflationary.
@thewanderingfool4435
December 19, 2023 at 7:42 pm
Remember plebs "You'll own nothing and be happy!!" well it's starting to come true now and the Chickens are coming home to roost.
@wynbrown7321
December 19, 2023 at 7:42 pm
Obviously. This has been on the cards for the last 2 years.
@sillypuppy5940
December 19, 2023 at 7:42 pm
Remember that some of the vulnerable are rely on savings to keep them afloat. An interest rate rise might help them.
@Pragnantweggyboard
December 19, 2023 at 7:42 pm
Weimar conditions who would have thought.
@deg262
December 19, 2023 at 7:42 pm
My dad always said to never spend someone else's money, it'll only get you in trouble
@davidcann6021
December 19, 2023 at 7:42 pm
Meanwhile there's also stagflation and less items on the shelves. Just look at the size of say a 400g galaxy or cadburys chocolate bar… oh here's now 360g yet the same price. Anyone else noticed shelves taken out of supermarkets or items like beer once stacked in piles now spread along shelves?
@poultonreal
December 19, 2023 at 7:42 pm
The Bank of England Marxists can’t raise rates as our national debt becomes more expensive. Buy Gold, Silver and Bitcoin to preserve wealth 👍
@redknight9740
December 19, 2023 at 7:42 pm
6uild 6ack 6etter
@johnhall4851
December 19, 2023 at 7:42 pm
This worldwide governments scam is for WEF so you'll own nothing but they'll own e everything.
@Alanginger
December 19, 2023 at 7:42 pm
I bought my first house when the interest rates were 13% ( thirteenth) I am such a hero 🦸
I love it when the “ young generation “ try to insult you by calling you a “ boomer “ and as usual they just make themselves look foolish as they will throughout their lives sadly
@SG-rj3ny
December 19, 2023 at 7:42 pm
Great Reset ……. escape with crypto
@icantfinkofname
December 19, 2023 at 7:42 pm
This is the cost of lock down remember that before everyone cheers for the next one
@juliette2439
December 19, 2023 at 7:42 pm
You will own nothing but be happy ..According to KlausSchwab