5 Things You Need To Know, Today, on Monday 24th October 2022
Episode 976, Oct 24, 2022, 05:44 AM
5 Things You Need To Know, Today, on Monday 24th October 2022
5. The UK's economic outlook has been lowered to "negative" by ratings agency Moody's due to political instability and high inflation.
Moody's changed the UK's outlook - which is a marker of how likely it is to pay back debts - from "stable".
(Click here to read more)
4. The UK faces a "more difficult" era of austerity than the one after the 2008 financial crisis in order to stabilise the economy, a former governor of the Bank of England has warned.
Lord Mervyn King said the average person could face "significantly higher taxes" to fund public spending.
(Click here to read more)
3. Royal Mail is urging people to use up stamps that do not have a barcode by 31st January, when they will no longer be valid for postage.
It says the deadline in exactly 100 days affects "everyday" stamps featuring the late Queen's profile.
(Click here to read more)
2. British finance minister Jeremy Hunt is considering up to 20 billion pounds of tax rises in a budget that is due to be set out on October 31st, the Telegraph reported on Saturday.
The report, which did not cite sources, said Hunt could seek to reform capital gains rules and ditch a two-year government-funded removal of green levies from energy bills.
(Click here to read more)
1. The pound is holding steady above $1.13 after Boris Johnson dropped out of the Tory leadership race, leaving Rishi Sunak clear favourite to become PM.
On Friday it fell as low as $1.11 amid continued political uncertainty and fresh warnings about the UK economy.
(Click here to read more)
5. The UK's economic outlook has been lowered to "negative" by ratings agency Moody's due to political instability and high inflation.
Moody's changed the UK's outlook - which is a marker of how likely it is to pay back debts - from "stable".
(Click here to read more)
4. The UK faces a "more difficult" era of austerity than the one after the 2008 financial crisis in order to stabilise the economy, a former governor of the Bank of England has warned.
Lord Mervyn King said the average person could face "significantly higher taxes" to fund public spending.
(Click here to read more)
3. Royal Mail is urging people to use up stamps that do not have a barcode by 31st January, when they will no longer be valid for postage.
It says the deadline in exactly 100 days affects "everyday" stamps featuring the late Queen's profile.
(Click here to read more)
2. British finance minister Jeremy Hunt is considering up to 20 billion pounds of tax rises in a budget that is due to be set out on October 31st, the Telegraph reported on Saturday.
The report, which did not cite sources, said Hunt could seek to reform capital gains rules and ditch a two-year government-funded removal of green levies from energy bills.
(Click here to read more)
1. The pound is holding steady above $1.13 after Boris Johnson dropped out of the Tory leadership race, leaving Rishi Sunak clear favourite to become PM.
On Friday it fell as low as $1.11 amid continued political uncertainty and fresh warnings about the UK economy.
(Click here to read more)