Raise interest rates and put an end to Project Fear, says TIM NEWARK

Raise interest rates and put an end to Project Fear, says TIM NEWARK


Sterling plunging to a two-year low is just another example of Project Fear as City traders get nervous over a no-deal Brexit. But the best way to rally the pound is to raise interest rates and make thousands of hard-pressed savers happy after a decade of ridiculously low-interest rates that have only benefitted the super-rich.

Source: Daily Express :: Comment Feed https://ift.tt/2Yv1rZx

Time to scrap HS2 and find new ways to boost the North, says PATRICK O’FLYNN

Time to scrap HS2 and find new ways to boost the North, says PATRICK O’FLYNN


THERE was a famous comedy sketch written by the late Victoria Wood that featured a TV announcer with a cut-glass accent saying: "We'd like to apologise to our viewers in the North. It must be awful for them." As a summary of snobby attitudes towards the North of England, it was deadly accurate and since then no government has been able to shift the dial.

Source: Daily Express :: Comment Feed https://ift.tt/2LQHx9A

Pound US dollar exchange rate: GBP/USD sinks to a 28-month low as Brexit talks break down

Pound US dollar exchange rate: GBP/USD sinks to a 28-month low as Brexit talks break down


The pound US dollar exchange rate fell to its lowest since March 2017 this morning, leaving the pairing trading around $1.216 as the EU still shows no signs of renegotiating the withdrawal agreement. Prime Minister Boris Johnson is also refusing to meet EU leaders unless they agree to remove the Irish backstop from the agreement – a condition that continues to be rejected by the EU. 

Source: Daily Express :: Finance Feed https://ift.tt/2ZfDEOt

State pension: WASPI respond as Amber Rudd ‘sceptical’ about Boris supplying extra funds

State pension: WASPI respond as Amber Rudd ‘sceptical’ about Boris supplying extra funds


STATE PENSION age for women has changed in recent years, with many women campaigning against the move. What has the campaign group Women Against State Pension Inequality said in response to Pensions Secretary Amber Rudd saying she was “slightly sceptical” about Boris Johnson providing additional support for these women?

Source: Daily Express :: Finance Feed https://ift.tt/2SPfA2A

Pound euro exchange rate: GBP/EUR eases, a no-deal Brexit is now a ‘very real prospect’

Pound euro exchange rate: GBP/EUR eases, a no-deal Brexit is now a ‘very real prospect’


The pound euro exchange rate dipped by -0.3 percent this morning, leaving the pairing fluctuating around €1.110. Brexit fears have continued to haunt UK markets this morning, following comments from the former Environment Secretary Michael Gove, who said on Sunday that the Government was now working on the assumption of a no-deal Brexit in October.

Source: Daily Express :: Finance Feed https://ift.tt/2GyOQys

Pound US Dollar exchange rate: Prospect of no-deal Brexit sends GBP/USD to two-year low

Pound US Dollar exchange rate: Prospect of no-deal Brexit sends GBP/USD to two-year low


The pound slumped against the US dollar this morning, taking the pairing to $1.233. The pound hit another low at the start of this week’s session, falling to its weakest level since March 2017. Investors have become increasingly worried that the UK is heading towards a disorderly no-deal Brexit.

Source: Daily Express :: Finance Feed https://ift.tt/2ZkqzmU