The Federal Reserve made a noteworthy decision last night by pausing its aggressive round of interest rate increases, the most significant since the 1980s. However, they refrained from celebrating victory over inflation. Instead of opting for the eleventh consecutive increase, the US central bank chose to maintain its target at 5% to 5.25%. Surprisingly, they …
Renowned author and journalist Peter Hitchens asserts that the consequences of abolishing the grammar school system have been nothing short of catastrophic. In a conversation on the Planet Normal podcast with columnists Liam Halligan and Allison Pearson, Peter emphasizes that the demise of grammar schools has had a detrimental impact on every aspect of British …
According to the Office for National Statistics, regular pay excluding bonuses has witnessed its fastest pace on record outside the pandemic period, rising by 7.2% in the three months leading up to April. While this is good news for workers, other global events have also made headlines. 5 things to start your day 1) The …
As the largest rail strikes in a generation loom, the British economy and its manageability is losing public faith. Predictions of zero or very low growth over the coming years and higher, more persistent inflation in comparison to other developed nations are fueling concerns. In light of the recent industrial action, the government’s unwillingness to …
As the world continues to battle the COVID-19 pandemic, vaccines have been the saving grace that allowed societies to function as close to normal as possible. However, the potential side effects of these vaccines are not being publicized enough, according to Sarah Knapton, the Science Editor at The Telegraph. Speaking on the latest episode of …
The Chancellor has set a tight fiscal rule to decrease debt-to-GDP within five years, leaving only a £6.5bn buffer, the smallest since at least 2010. However, the OECD forecasted an upgrade in the UK’s growth in 2023 while warning that the narrow margin could hinder the weak recovery. The OECD stated, “Significant risks surround the …
China’s total trade with Russia has reached levels not seen since the beginning of Vladimir Putin’s war in Ukraine, as per official data showing its increased support for its sanctions-hit ally. Trade between the two countries was worth $20.5bn (£16.5bn) last month, with Chinese imports from Russia worth $11.3bn. No official breakdown of the numbers …