Author: LoveWorld UK

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Kwasi Kwarteng will bring forward the date of his debt-cutting plan to 31 October after pressure from MPs over the unfunded tax and spending promises announced in last month’s mini-budget. The chancellor told the Commons Treasury select committee that he would use the new date to announce his “medium-term fiscal plan”, alongside the release of fresh forecasts for the economy and public finances from the Office for Budget Responsibility. The plan to bring forward the date from 23 November follows turmoil in financial markets after Kwarteng promised more than £40bn of unfunded tax giveaways largely directed at middle and high earners last month.…

Polling shows the Republicans are set to win control of the House of Representatives meaning House Speaker Nancy Pelosi will lose her powerful position. Joe Biden is planning to make Nancy Pelosi his ambassador to Italy if as expected the Democrats are humiliated in the midterm elections next month, Washington DC insiders have told Express.co.uk. It will set the USA on a collision course with the new rightwing government in Italy under Georgia Meloni but will see a major obstacle for UK/ US relations removed from a position of power in Washington. The speculation has arisen with the latest Democracy Institute poll suggesting…

It is time to believe the hype. Arsenal needed to take the scalp of an age‑old nemesis to fully assert their credentials and they answered every question posed by a Liverpool side that, according to a growing body of evidence, face a lengthy period of transition. This was a see-sawing, utterly engaging match but Mikel Arteta’s players were ultimately better in every department, performing with clarity and a rattling intensity while their opponents relied on flashes and moments. Arsenal were pegged back by two such occurrences but never wavered or deviated: these days belief radiates from the Emirates Stadium pitch and pulsates around the…

Cabinet ministers are blaming the Bank of England for soaring mortgage costs, according to reports. The average two-year fixed mortgage interest rate rose to 6.16 per cent this week, its highest since November 2008 amid the financial crisis. By comparison, the average two-year fixed rate was 4.24 per cent at the beginning of last month and 2.34 per cent in December 2021, financial information service Moneyfacts states. The sharp rise follows chancellor Kwasi Kwarteng’s widely-criticised ‘mini’ budget last month, which also saw the pound plunge. But the Sunday Telegraph reports ministers laying the fault at the Bank of England’s door, with one unnamed cabinet…

The U.S. Centers for Disease Control and Prevention (CDC) announced that it will publish COVID-19 cases and deaths on a weekly basis, marking a major shift in its reporting since the start of the pandemic. “To allow for additional reporting flexibility, reduce the reporting burden on states and jurisdictions, and maximize surveillance resources, CDC is moving to a weekly reporting cadence,” the federal agency said in a statement last week. Local and state health departments, under the new guidance, will have to report new COVID-19 deaths and cases to the CDC every week on Wednesdays. The new change will go into effect starting Oct. 20,…

Avanti West Coast has been told it must “drastically improve services” as the government awarded the operator of the London to Glasgow line a six-month extension to its contract. The government’s controversial decision means the rail firm, which runs trains between London, Birmingham, Manchester, Glasgow and Edinburgh, will be able to continue running services until next April. The current contract had been due to expire on 16 October. The train company has been heavily criticised after significantly reducing its services since August, cutting the number of trains between London and Manchester to only one an hour, and releasing tickets only a…

HSBC has announced it is reducing interest rates across its mortgage offerings for existing customers by up to 0.4 per cent. For current mortgage customers switching to another mortgage with the lender, this would mean a two-year fixed rate deal with a 10 per cent deposit will come down by 0.3 per cent to 5.79 per cent, and no fee. This is slightly better than the average two-year fixed-rate deal – which is now 6 per cent for the first time since 2008. One of the lowest rates offered with HSBC for anyone remortgaging is 4.89 per cent. This is for…

Erik ten Hag denied that Manchester United’s shaky 3-2 win at Omonia Nicosia was as concerning a performance as Sunday’s 6-3 defeat at Manchester City. United went behind on 33 minutes at the GSP Stadium to Karim Ansarifard’s strike, which occurred when Bruno Felipe broke away with no defender between him and David de Gea’s goal, and Ten Hag’s side subsequently lost composure until the break. Omonia came into the Group E match having won only once in European competition-proper in their last 26 matches. Given all of this, it was put to the manager that the display was as worrying as the…

A judge on Thursday delayed Elon Musk’s Twitter takeover trial, giving him three weeks to close his deal to buy the social media platform for $44 billion after months of his trying to get out of the deal. The Tesla CEO had on Thursday asked Chancellor Kathaleen St. Jude McCormick, head of Delaware’s Court of Chancery, to halt an expedited trial scheduled for Oct. 17, arguing the need for the trial was moot in light of his renewed offer. In a win for Musk, McCormick said the deal needs to be closed by Oct. 28 or the trial originally set for mid-October will…