Author: Laura Robinson

By Daily Mail City & Finance Reporter Updated: 17:22 EST, 15 November 2022 The head of the City watchdog has admitted that it was not prepared for the risk posed to pension funds by the sharp rise in UK bond yields after Kwasi Kwarteng’s mini-Budget.Nikhil Rathi, chief executive of the Financial Conduct Authority, told a House of Lords select committee that the threat had not been ‘right at the top of the radar’.Peers are examining how a bond market sell-off after Kwarteng’s disastrous fiscal statement prompted a crisis in pension funds resulting in a £65billion Bank of England intervention. Liability-driven…

The pound climbed back above $1.20 against the US dollar for the first time in three months in a boost for Chancellor Jeremy Hunt ahead of tomorrow’s autumn statement.Sterling has been rising in the past few days as the greenback weakens on speculation that the aggressive pace of interest rate hikes in the US could slow.The recovery represents a strong bounce-back after the chaos of previous Chancellor Kwasi Kwarteng’s disastrous mini-Budget, which saw the pound hit an all-time low of less than $1.04 in September. Recovery: Sterling has been rising in the past few days as the greenback weakens on…

MPs today passed a motion calling for ex-prime minister Liz Truss and former chancellor Kwasi Kwarteng to lose at least £6,000 of their severance payments.The House of Commons backed a Labour call for the pair to lose the cash due to their ‘mismanagement of the economy while in office’.Ms Truss’s spell as PM spectacularly fell apart after just 44 days in the wake of her and Mr Kwarteng’s disastrous mini-Budget in September.Their ambition for £45billion worth of unfunded tax cuts spooked financial markets and exacerbated economic turmoil in Britain.In a Commons motion today, Labour leader Sir Keir Starmer urged MPs…

By Emily Scrivener For Mailonline Published: 08:57 EST, 14 November 2022 | Updated: 08:57 EST, 14 November 2022 SHOPPING — Contains affiliated content. Products featured in this Mail Best article are selected by our shopping writers. If you make a purchase using links on this page, Dailymail.co.uk will earn an affiliate commission. Click here for more information.If the cold weather and central heating are driving your scalp wild, then it might be worth following the recommendation of the 24,000 Amazon shoppers who have left five-star reviews for the Neutrogena T/Gel Therapeutic Shampoo.Shoppers suffering from dryness, irritation and flaking have sworn by…

Jeremy Hunt is expected to make a raft of significant tax changes and spending cuts on Thursday as he sets out his plan to rescue the UK economy.The Chancellor has already signalled that everyone can expect to pay more into the nations coffers as a result of his Autumn Statement as he seeks to fill a gaping hole in the nation’s finances.Yesterday he said that ‘we’re all going to be paying a bit more tax’, saying his package of economic medicine would be ‘horrible’ for the public. He even labelled himself as a ‘Scrooge’ trying to rescue family Christmases yet to come…

By Andrew Pierce for the Daily Mail Published: 20:43 EST, 13 November 2022 | Updated: 03:55 EST, 14 November 2022 Jeremy Hunt promises ‘eye-watering’ spending cuts and tax rises in this week’s long-awaited budget, an event he seems to be approaching with, dare I say it, sadistic relish.But his eagerness to inflict an even greater tax burden on the middle classes may have dramatic consequences for his own political future.For Hunt has been dealt a poor hand in the proposed parliamentary constituency boundary changes, which were published last week and become law next summer.Hunt’s South West Surrey constituency is being…

EMMERDALE Oh, we do like to be beside the seaside! A conversation with Aaron gives Faith an idea and she decides upon a family day out – yes, at the seaside.Cain’s not happy (let’s be honest, family outings are usually about as much fun as chicken pox) as he’s struggling with Faith’s demands; but when her health takes a turn for the worse, the family hatch a new plan – they’ll bring the seaside to Emmerdale. Knowing this village’s luck, an ice cream van will run them all over, but no, for once it’s a perfect day as Faith watches the family…

Real Girlfriends In Paris    Yes, as the American songwriter Cole Porter penned: I love Paris in the springtime, love Paris in the fall, I love Paris in the summer when it sizzles, I love Paris in the winter when it drizzles…I lived there for seven years. I still love it. And, it seems, more and more Americans can’t get enough of the City of Lights, as the phenomenal success of Netflix’s appalling Emily in Paris shows. Emily in Paris stars Lily Collins as a twenty-something marketing executive (the only real joke in the alleged comedy), who leaves Chicago to take…

EASTENDERS:  POOR JEAN HAS TURNED INTO MISS HAVISHAM In Eastenders the penny drops that Jean (pictured) might be unwell when she steps out in a Miss Havisham-style wedding dressHas the wardrobe department inadvertently wandered into the costume room for the BBC’s forthcoming Great Expectations? What else could possibly explain Jean’s Miss Havisham-style wedding dress? Set off with a veil that wouldn’t look out of place on a beekeeper, the get-up allegedly cost a fortune, which makes Harvey see red. The penny finally drops that Jean might be unwell (yer don’t say) when he sees the OTT dress.  KEEP IT IN CHECK …

The premise is a simple one. A fictional West End musical entitled Dogs is to be turned into a feature film. What could possibly go wrong?The original television comedy emerged from an idle question posed to producer David Livingstone (the man behind Brassic, the Oscar- winning film Judy and the movie Pride): how did the film version of Cats come about? ‘Decisions are made as you are running down corridors,’ Livingstone told me.He later discussed that question with his wife, and during that conversation came a light bulb moment.’We should do a TV series about the making of a film,…