Banks urge Kwarteng to act now with November budget ‘way too far away’

Ggood morning. The pound has plunged into the red again after two major interventions last night rekindled investor concerns about the UK’s tax cut. In an extraordinary development, the IMF urged Prime Minister Liz Truss to reverse its economic policy, notably pointing to the decision to abolish the higher income tax rate. Credit rating agency … Read more

What your hands say about your health

Public concern about the condition of King Charles’ swollen hands and fingers is not new. They drew attention to the funeral of his father, Prince Philip, in April last year and as early as 1982, the then prince wrote to a friend that the newborn Prince William also had sausage-like fingers. One possibility suggested in … Read more

Three easy ways to stabilize blood sugar

The recent findings from scientists from China that drinking at least four cups of tea a day can reduce the risk of developing type 2 diabetes by 17 percent is good news for all tea drinkers among the UK’s estimated seven million people. with prediabetes. But if you’re not a tea drinker, there are other … Read more

Iran recruits extremist foreign militias to help ‘wipe out rioters’ from Tehran

Iran has recruited extremist foreign militias to help “wipe rioters from the streets of Tehran”. Protesters continued to take to the streets in Iran on Sunday to protest the death of Mahsa Amini, who died in police custody after being arrested for incorrectly wearing a hijab. Militias from Syria, Lebanon and Iraq calling themselves “the … Read more

Male bankers NatWest get a year off for fatherhood

NatWest has told its male bankers they can take an entire year off when they become a father while it tries to reinvent itself as more family-friendly. The bank will introduce a policy next year whereby all new parents can take up to a year off, regardless of their gender, half of which will be … Read more

The days of the bald head can be numbered

In recent years, daily pills that inhibit DHT (dihydrotestosterone, the male sex hormone that causes hair follicles to shrink and eventually fall out), such as finasteride, have gained popularity despite concerns about potential side effects, including impotence. Finasteride is generally sold as Propecia and comes with Stevenson’s approval – “I’ve been using it for 20 … Read more

It was the day when everything fell – except the dollar

A month ago, a pound was worth $1.18, down from $1.37 in mid-January and $1.44 at its post-Brexit high in April 2018. It has since fallen 24 percent. Until yesterday, many commentators saw the pound’s weakness as a result of the strength of the dollar rather than a problem with the British currency, as other … Read more

Fracking profits are diverted to sovereign wealth fund to boost growth

A source close to discussions about the fund said it may be funded in part by royalties collected from fracking and oil and gas exploration in the North Sea. The Treasury is hoping for significant tax revenues from shale gas extraction after the moratorium on fracking was lifted this week by Business Secretary Jacob Rees-Mogg. … Read more

Liz Truss plans to cut taxes further in the new year

Those familiar with discussions say the Treasury believes lifting lifelong benefits on pension pots could encourage doctors, police officers and well-paid nurses to stay in work. Under the current system, savers are forced to pay 55 percent tax on pension pots worth more than £1 million, leading many to retire instead in the belief that … Read more

Scottish fund managers and American bankers flock to London as Kwarteng sets the city on fire

Meanwhile, tax inequality in Scotland has sparked consternation over the effect on Edinburgh, the main financial center north of the border. Benny Higgins, a Scottish banker and former business adviser to Nicola Sturgeon, said: “A 1p gap may be seen as acceptable and understandable by me and my colleagues, but a 6p gap would be … Read more