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[johnwise] 08/11/2024 19:28

Fox Business


GOP-senator elect says Trump already having an impact on foreign policy

VIDEO

[johnwise] 08/11/2024 10:42

Fox Business

FOX Business host Larry Kudlow reacts to the Trump team's plan to fix the American economy on 'Kudlow.'

Larry Kudlow: Growth solves deficits and debt

[johnwise] 08/11/2024 10:27

The Entertainer axes new shops after Budget tax rise


The Entertainer toy shop chain says it has been forced to drop plans to open two new stores after the government said it would raise National Insurance (NI) Contributions for employers.

Chief executive Andrew Murphy told the BBC the higher taxes, announced in last week's Budget, meant it could no longer go ahead with the shops and it had also frozen hiring at its head office.

He said The Entertainer, which has 166 shops and employs 2,000 people, had chosen two new stores and done viability assessments on them.

[johnwise] 08/11/2024 10:16

The Bank of England is going to keep its foot on the brake, whatever Labour might want


The Bank of England is going to keep its foot on the brake, whatever Labour might want

Posted on November 8 2024

The Bank of England Monetary Policy Committee reported yesterday on its thinking on inflation when cutting the base interest rate to 4.75 per cent, which, as I have already noted, was too little and too late.

Amongst the issues that the Bank commented on was the Budget. They came to four conclusions.

You could almost hear the tut-tutting as they noted that spending and planned revenues would be higher:


The increase in employer NICs is assumed to lead to a small decrease in potential supply over the forecast period.

What they mean is unemployment will rise, which is always good news for the Bank of England.

Finally, they noted the impact on inflation:

[johnwise] 08/11/2024 08:11

VIDEO

Rishi Sunak's prediction about Keir Starmer

[dope007] 08/11/2024 08:10

FTSE down again. Is there any point to the UK mkt?

[johnwise] 08/11/2024 08:00

Fox Business


Trump 2024 adviser: This is a 'complete realignment of American politics'

[johnwise] 08/11/2024 07:53

Fox Business

Trump's tariffs on China are 'absolutely required,' says expert

[johnwise] 08/11/2024 07:34

By a Daily Business reporter


Companies warn of Budget hit to jobs and prices


Businesses are warning that the Chancellor’s hike in employers’ costs will lead to job cuts and higher prices for consumers, potentially stalling hopes of economic growth.

Sainsbury’s said that increasing employers’ national insurance contributions will add £140 million to annual costs, while BT said the Budget would have a £100m impact on the business, with the “vast majority” of that coming from the NI changes.

Marks & Spencer said that together with the increase in the living wage it is facing a £120m hit. Pubs chain Wetherspoon said it will need to absorb £60m in additional costs.

The chancellor raised the employers’ national insurance contributions by 1.2 percentage points to 15% from April and reduced the salary threshold at which employers start paying the tax from £9,100 a year to £5,000. The minimum national wage was increased from £11.44 to £12.21 an hour.

Allison Kirkby, chief executive of BT, said the tax and wage burdens may have to be passed on to customers in higher charges.

Simon Roberts, the boss of Sainsbury’s, said the new measures would fuel a return of inflation after the Bank of England has just hailed victory over price growth and has cut interest rates.

In its latest Monetary Policy Report, external, the Bank of England predicted the NI changes would “have a small upward impact on inflation”.

However, Mr Roberts said the supermarket chain does not have the “capacity to absorb” a “barrage of costs”, so customers will have to pay more.

Other companies expressing alarm over the Chancellor’s budget include housebuilder Persimmon which anticipates a potential £15 million hit from national insurance contributions.

UK Hospitality has estimated that the annual cost to the sector will be about £3.4 billion, with £1 billion of that due to the impact of the national insurance increase.

[johnwise] 08/11/2024 07:09

Video

Fox Business

Trump doesn't like the diminishment of working families' real incomes, expert says

[johnwise] 08/11/2024 06:24

VIDEO

Trump: a Hammer Blow to Britain's Demented, Woke Elites

UK The New Culture Forum

[johnwise] 08/11/2024 04:40

A lot of the deaths happened when she wasn't at work !!! it stinks and needs to be looked at again. imagine being a scape goat and set up spending your life in a hell hole and your innocent. It happens.

A post-mortem is the examination of a body after death to determine the cause. None of the babies that Lucy Letby is said to have harmed were flagged as unusual by the Post Mortems.


Lucy Letby was victim of a 'witch hunt' because she rejected a senior doctor's advances, inquiry into the baby-killing nurse hears

[johnwise] 08/11/2024 04:38

Nigel Farage urges Donald Trump to intervene on UK's deal to hand over Chagos Islands to China-friendly Mauritius


Keir Starmer could face his first foreign policy clash with Donald Trump over the UK’s controversial surrender of the Chagos Islands.

The Prime Minister will come under fresh pressure to cancel the proposed handover of the British overseas territory to Mauritius – an ally of China – if the incoming President concludes it is a risk to the crucial Anglo-American military base there.

[johnwise] 07/11/2024 17:58

President Trump,Don't allow the UK Labour government to give the Chagos Islands away.

Otherwise It will become a vital military base. For Communist China.

VIDEO

Trump to SAVE the Chagos Islands? Farage REVEALS 'DEEP concerns' in Trump's team over military base

GBNews

[1224saj] 07/11/2024 15:56

DOW keeps going with a convicted fellon in charge, maybe we should ask Jeffery Archer to step in. The country needs somebody with conviction, excuse the pun. Starmer and his glove puppet seem hell bent on giving above inflation pay rises to public sector workers with extra tax for all of us that hasn't come in yet. Don't worry the Chancellor with borrow if she's short, just like previous labour government. One term labour will be the catch phrase in 4 years

[idandy] 07/11/2024 15:22

PRB are there any below that and where do you see support

[johnwise] 07/11/2024 13:54

If these properties have to be sold, there is a very good chance that they will pass outside UK ownership. Whatever you think about the tax, enough of our country has already been sold to Saudi Arabia, Russia, China, etc. Many properties and businesses will have been bought as an investment, to be sold later at a profit..

The Daily Mail

Rachel Reeves 'will saddle Zara Tindall with a huge inheritance tax bill': No escape for the royals from Labour's raid on farms as critics claim it will turn the countryside into 'Net Zero forests'

[johnwise] 07/11/2024 12:50

VIDEO

"Sick Of The WOKE Agenda!"

Mike Graham Takes Aim At Democrats After Trump Win

TalkTV

[johnwise] 07/11/2024 12:40

VIDEO

Keir Starmer congratulates President Trump...

Andrew Lawrence