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U.K FACT CHECKED ENERGY REPORT: PM Liz Truss Fact Checked After Interviews on BBC Radio

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#AceNewsDesk – Prime Minister Liz Truss was repeatedly questioned about problems facing the economy, during a series of interviews with BBC local radio stations.

By Reality Check team
BBC News

Truss is wrong to say energy bills capped at £2,500

It follows turmoil on the financial markets prompted by the government’s mini-budget. She spoke at length about government help with energy bills.

We’ve looked at some of her claims.

‘Through the energy price guarantee the maximum [energy bill] will be £2,500’

The prime minister incorrectly told more than one station that there would be a maximum energy bill of £2,500 after the energy price cap is lifted on 1 October.

That is not right – the energy price cap is the maximum amount that can be charged per unit of energy. 

The bill will be higher or lower depending on the amount of energy used.

The £2,500 is the maximum charge for the energy use of a typical household. Ms. Truss did tell some (but not all) of the radio stations that it was the maximum for a “typical bill”.

But a high energy user could end up spending considerably more.

Household energy use graphic
#AceNewsDesk report ………..Published: Sept.30: 2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

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Ace Breaking News

BREAKING U.K NEWS REPORT: UXB WW2 Bomb has been found in East Renfrewshire, prompting the closure of a railway line.

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#AceBreakingNews – Railway closed after WW2 bomb found at Barrhead building site

Springfauld Way
Police set up a cordon at Springfauld Way near Springfield Road

Police were called to a Taylor Wimpey construction site on Springfield Road, Barrhead – where new houses are being built – at about 10:00.

The railway line between Neilston and Muirend, near the site, was closed until 18:00, Network Rail said.

Police Scotland said the Explosive Ordnance Disposal (EOD) team had been contacted and the road had been closed.

The BBC understands the bomb had been dropped from a plane during World War Two and is around the size of a fire extinguisher.

The line between Neilston and Muirend was closed until 18:00

The large construction site has a number of unoccupied houses, but properties at one end of the site which are occupied have not been evacuated.

Taylor Wimpey said the bomb was found by groundworkers at the construction site.

A spokesperson said:

” The Ministry of Defence were called to carry out a controlled explosion to safely remove the ordnance from the site.

“Our first priority is the safety of our employees and subcontractors, as well as the general public in the surrounding area. 

“Following advice from the police, MOD and a specialist consultant, appropriate safety measures were put in place to allow them to deal with the unexploded ordnance safely and work has been cleared to resume on site.”

#AceNewsDesk report ………..Published: Sept.30: 2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

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Ace Breaking News

BREAKING U.K NEWS REPORT: Queen Elizabeth II’s Official Cause Of Death Revealed on Death Certificate Reveals

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#AceBreakingNews – Queen Elizabeth II died of old age, her death certificate has revealed: An extract from the National Records of Scotland released today revealed the 96-year-old monarch died at 3.10pm on September 8 at Balmoral Castle in Aberdeenshire, Scotland according to Deadline News by

Queen Elizabeth II
Dominic Lipinski – WPA Pool/Getty Images

The certificate was issued on September 16 and no other factors were listed in her death.

The Queen’s passing led to an official period of mourning in the UK that ended on September 19, the day of her state funeral at Westminster Abbey, which was one of the biggest broadcasting events in history and attended by the likes of Joe Biden, Killing Eve‘s Sandra Oh and Emmanuel Macron. A period of Royal mourning followed the funeral, ending this week.

The Queen ruled as monarch for 70 years, making her the longest-serving monarch in history.

King Charles succeeded her as monarch and has this week had his royal cypher (emblem) revealed, as the 73-year-old beds into his new role as the UK’s figurehead.

#AceNewsDesk report ………..Published: Sept.29:  2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

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Ace Breaking News

‘ Ace News Room U.K Daily News Desk ‘

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#AceDailyNews says here are today’s Newspaper Headlines: It all about ‘ Blunder Truss ‘ as ‘ Clueless PM ‘ as ‘ BOE Buys Gilt Bonds of Debt ‘ to avert a crisis in ‘ Debt Markets ‘ that affects people’s Pensions Kindness & Love XX says 🙏🙏’s to ‘ God For Common Sense ‘ to prevail Amen

The headline in the Mirror reads: "Blunder Truss: Clueless PM and Chancellor's tax cuts force bank bosses into £65bn bailout"
The economic turmoil following the government’s mini-budget continues to dominate the papers. The Mirror leads with the £65bn programme of bond-buying launched by the Bank of England on Wednesday, saying the intervention stopped the country’s pension funds “going bust” and that the whole episode has left Britain “on the brink”.
The headline in the Financial Times reads: "Bank of England unleashes £65bn bid to avert crisis in debt markets"
The Financial Times says the programme – which involves the injection of billions of pounds of newly-minted money into the economy – was intended to prevent a vicious cycle in which pensions funds have to sell bonds held as assets to pay their creditors, pushing the price further down and triggering more sell-offs. It quotes one senior banker saying: “I was worried [Wednesday] was the beginning of the end. It was not quite a Lehman moment. But it got close.”
The headline in the Sun reads: "Squeaky fund time: The day £1,000,000,000,000 was nearly wiped off our pensions"
“Squeaky fund time”, reads the headline in The Sun. The paper describes Wednesday as “the day £1,000,000,000,000 was nearly wiped off our pensions”.
The headline in the Telegraph reads: "Pension funds crisis forces £65bn bailout by Bank"
The Telegraph says the crisis has sparked public and private alarm among Tory back benchers, but that Downing Street has dismissed any suggestion the chancellor will have to resign. It also quotes Gerard Lyons, an economist and informal advisor to the prime minister, saying he warned both her and the chancellor about the need to “make sure the markets fully understood what they were doing and that they mustn’t spook the markets”.
The headline in the Guardian reads: "Bank's £65n scramble to avert financial crisis"
The prime minister is facing pressure from her MPs to sack the chancellor and reverse the abolition of the 45p tax rate because it has gone down badly with voters, the Guardian reports. The paper also quotes Labour leader Sir Keir Starmer accusing the government of “losing control of the economy” and calling for Parliament to be recalled ahead of the Conservative Party conference this weekend.
The headline in the i reads: "Emergency help from Bank saves pensions - with public sector cuts to follow"
Government departments have been ordered to draw up “efficiency plans” to help reduce the deficit, the i reports, adding that public sector cuts are now “on the way”.
The front page of the Star carries a picture of Chancellor Kwasi Kwarteng with a red nose. The headline reads: "So, does ANYONE have a clue what I'm doing?"
The Star carries a picture of Mr Kwarteng at a meeting with senior bankers, but with an added red nose. A speech bubble reads: “So, does ANYONE have a clue what I’m doing?”
The headline in the Metro reads: "Let Liz own the moment"
Former chancellor and runner-up for the Tory leadership Rishi Sunak will not attend the Conservative Party conference, the Metro reports. Mr Sunak said repeatedly during televised debates with Ms Truss that her economic plans were “irresponsible” and risked defeat at the next election. The paper quotes a source saying Mr Sunak wants to “give Truss all the space she needs to own the moment”. It is, the paper says, “a Rish best served cold”.
The headline in the Mail reads: "Prison x-ray finds phone hidden in Lawrence killer's body"
And the Mail reports that a smartphone allegedly used by David Norris, one of the killers of Stephen Lawrence, to send texts and selfies from his prison cell was found inside his body after an X-ray. The paper says specialist equipment was used to scan Mr Norris after it tipped off the Ministry of Justice and that a “large rectangle object” was located in an “intimate place”.

Most of the front pages feature the figure £65bn – the size of the package announced by the Bank of England on Wednesday to protect Britain’s pension funds. 

The Guardian says the emergency move was needed to halt what it calls a “doom loop” in the bond markets, and a 2008-style financial crisis, in the wake of last week’s mini-budget. 

A senior City banker tells the Financial Times that he thought Wednesday morning was “the beginning of the end” because there were no buyers for long-dated government bonds. “It was not quite a Lehman moment, ” he says, “but it got close”.

In its editorial, the paper says the central bank is having to pick up the pieces from what it calls a reckless mini-budget. It warns that while the Bank can prop up markets for now, the government must urgently restore Britain’s economic credibility. 

An external view of the Bank of England building

The Sun says markets were spooked by the decision to cut taxes for the richest, but that Prime Minister Liz Truss and Chancellor Kwasi Kwarteng have “inexplicably left a void for critics to fill” by not providing independent forecasts on the impact of the tax cuts. 

The Times describes the Bank’s action as highly unusual and says economists are warning the decision to buy billions of pounds of government debt could fuel inflation. The paper also says borrowers could have to prove that they can afford interest rates of up to 7% to qualify for a mortgage because markets now expect the Bank of England to increase the cost of borrowing further and faster, with the base rate forecast to peak at 5.5% next spring.

According to the i, Ms Truss and Mr Kwarteng now face “Tory fury”. The Telegraph says it has been told by a former Tory cabinet minister that the pair are pursuing a “cowboy-style economic policy”. The paper says Downing Street has dismissed any suggestion that Mr Kwarteng could resign. 

HM Queen Elizabeth II black line
#AceNewsDesk report ………..Published: Sept.29:  2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

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Ace Breaking News

BREAKING U.K MARKETS REPORT: Stock markets in Asia, US have risen after the BOE said it would buy £65bn of UK government bonds.

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#AceBreakingNews – Markets up after Bank of England bond-buying pledge according to BBC Business Today

Pedestrians walk past a share prices board in Tokyo.

The announcement came after Friday’s mini-budget sparked financial market turmoil and the pound plunged: Investors also demanded higher returns on government bonds, or “gilts,” causing some to slide in value.

Speaking in New York on Wednesday, new UK trade secretary Kemi Badenoch defended the government’s economic policies.

However, gains early in the trading day tapered off towards the close with Japan’s benchmark Nikkei index ending 0.9% higher, Australia’s ASX 200 up by 1.4% and the Kospi in South Korea less than 0.1% higher.

Hong Kong’s Hang Seng reversed earlier gains to trade 0.8% lower.

That came after New York’s main stock indexes rebounded from a six-day losing streak to end Wednesday’s trading day around 2% higher.

The pound was down by around 1% at below $1.08, after earlier making strong gains on Wednesday after the Bank of England’s bond-buying announcement.

The currency hit a record low on Monday after chancellor Kwasi Kwarteng unveiled plans to tax cuts, funded by borrowing, in a push to boost economic growth.

Analysts said the Bank’s pledge to buy government bonds at an “urgent pace” to help restore “orderly market conditions” had helped to calm market volatility.

“The Bank of England’s intervention has supported market optimism,” Jun Bei Liu, portfolio manager at Tribeca Investment Partners in Sydney, told the BBC.

“It reversed a previous view of the UK going into a hard landing and debt spiralling out of control,” she said.

Yeap Jun Rong, market strategist at online trading platform IG, said the move had “provided some much-needed relief to recent market jitters.”

In New York, the UK’s international trade secretary used her first visit to the US since taking the role to try to shore upk investor confidence.

“You would by now have heard the Bank of England is taking short-term measures to provide stability, as is their job,” Ms Badenoch said.

“And we must look at all of this in the context of the fundamentals, which are that the UK economy is strong and we have a plan, a growth plan to cut taxes, promote enterprise, and cut red tape for business,” she added.

#AceNewsDesk report ………..Published: Sept.29:  2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

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Ace Breaking News

BREAKING U.K ENERGY REPORT: Householders are being advised to read and submit their meter readings before Saturday ahead of prices rising.

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#AceBreakingNews – Energy Bills: Householders urged to read meters before October price rise: This will stop suppliers from from estimating usage and charging a higher rate for energy used before 1 October: From next month, the price cap for the average annual household energy bill will rise from £1,971 to £2,500 – an increase of 27%.

By Marita Moloney
BBC News

A woman points at an energy meter

The cap, frozen by the government, determines the cost per unit, but bills are calculated by how much energy is used: The government announced the energy price cap would be frozen until 2024, to limit soaring energy costs.

It means that bills for an average household – one that uses 12,000 kWh (kilowatt hours) of gas a year, and 2,900 kWh of electricity a year – will not rise above £2,500…………………However, if you use more gas or electricity than that, you will pay more.

Energy UK, the industry body, said customers should check the best way to submit their meter readings before 1 October.

Most suppliers will allow for a few days on either side of that date to send their readings without penalizing people in light of the “unprecedented” situation.

It added that high call volumes and website traffic were expected, and service providers had offered numerous channels for people to submit their readings.

“This week, every household across the UK must make sure it submits a meter reading to their energy firm to avoid paying a penny more than they absolutely have to when prices go up on 1 October,” said Energy Action Scotland boss Frazer Scott.

“Fuel poverty is at record levels, levels of energy efficiency improvements are simply too low to provide respite and financial support is just a sticking plaster on the deepest of wounds.”

Every household in the UK will receive a one-off £400 fuel bill discountfrom next month. This will be paid directly to customers’ energy accounts over six months in instalments of £66 and £67.

A first instalment of £326 has already been paid to low-income households on certain benefits and tax credits.

On Tuesday, energy regular Ofgem published a review which found that most energy suppliers need to improve how they help struggling customers pay their bills.

Campaigners have warned millions of people will still face fuel poverty this winter – meaning a household spends 10% or more of its income on energy.

Citizens Advice recommends that customers who are not able to pay their bills should contact their supplier directly and offer to come up with a payment plan.

#AceNewsDesk report ………..Published: Sept.29:  2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of the external site or for any reports, posts, or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all WordPress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

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Ace Breaking News

BREAKING U.K BUSINESS REPORT: BOE WILL buy UK government bonds to try to calm markets as Pound tanked after mini-budget

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#AceBreakingNews – Major intervention from the UK’s central bank comes hard on the heels of controversial ‘mini-budget’ that pitched debt-funded tax cuts according to local media news

The Square Mile – London’s Financial District
Politico Pro News The Bank of England in London | Leon Neal/Getty Images

The Bank of England will buy up U.K. government bonds to try to halt a dramatic sell-off as it warned of a “material risk to UK financial stability” in the wake of the government’s mini-budget.

The central bank said that it would today start buying long-dated government bonds at “whatever scale is necessary” in a bid to “restore orderly market conditions.”

“The Bank is monitoring developments in financial markets very closely in light of the significant repricing of UK and global financial assets,” it said in a statement.

“This repricing has become more significant in the past day — and it is particularly affecting long-dated UK government debt. Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability.”

The BoE described the purchases of the U.K. government debt, known as gilts, as “temporary and targeted” but said they would take place at an “urgent pace” until October 14.

The Bank also decided to delay sales of its own portfolio of gilts built up under its quantitative easing program since the 2008 financial crisis.

The sales were due to start next week but will now be postponed until October 31.

The intervention comes after the cost of U.K. government borrowing spiked dramatically and surpassed rates paid by Italy and Greece.

The yield on the 30-year benchmark gilt slid around 30 basis points on the news from above 5 percent to 4.77 percent.

U.K. Chancellor Kwasi Kwarteng’s plan for debt-funded tax cuts — unveiled without the usual scrutiny from independent fiscal watchdog the Office for Budget Responsibility — has also led to a plunge in the pound and sparked criticism from the International Monetary Fund.

The Treasury said in a statement that the Bank of England was responding to “a risk from recent dysfunction in gilt markets.”

” These purchases will be strictly time limited, and completed in the next two weeks. To enable the Bank to conduct this financial stability intervention, this operation has been fully indemnified by HM Treasury,” it said.

Amid turmoil in the markets, Conservative MPs expressed anger at the plan unveiled by Kwarteng last Friday, which comes on top of a multibillion pound program of state subsidies to cap soaring energy costs for businesses and consumers.

One MP said of new Prime Minister Liz Truss that the “least bad option at this point would be to fire Kwasi.”

And they added: “Her fate is sealed. But this is her best hope of avoiding total catastrophe.”

The opposition Labour Party meanwhile seized on the BoE’s intervention, with Shadow Chancellor Rachel Reeves saying: “The chancellor must make an urgent statement on how he is going to fix the crisis that he has made.”

Capital Economics said that the bank’s steps show “it is going to do all it can to prevent a financial crisis” but hat U.K. markets are “in a perilous position.”

“It wouldn’t be a huge surprise if another problem in the financial markets popped up before long,” the research consultancy said in a note.

“Either way, the downside risks to economic growth are growing. And the chancellor’s 2.5 percent real GDP growth target is looking even more unachievable.”

Kwarteng has promised more detail on his fiscal plan in the coming weeks, including independent costings from the OBR and a host of supply-side reforms.

Yet as allies of Truss — who won the Tory leadership on a tax-cutting, deregulatory agenda — clashed with the IMF, former Tory Chancellor George Osborne noted: “Odd to see free marketeers urging a free market government to ignore the markets.”

Eleni Courea and Matt Honeycombe-Foster contributed reporting.

#AceNewsDesk report ………..Published: Sept.29:  2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of the external site or any reports, posts, or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all WordPress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

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Ace Breaking News

‘ Ace News Room U.K Daily News Desk ‘

No work today 📸📸

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#AceDailyNews says here are today’s Newspaper Headlines: It all about ‘ Market Turmoil ‘ as BOE says they will ‘ Buy-Up Gilt Bond Debt (called an IOU) that underpin many of the countries ‘ Pension Schemes & Infrastructure ‘ REMEMBER: Crisis in 2008 when the Bankers were bailed out with BOE securing their debts – Now its time to Payback By Buying Up Debt – Kindness & Love XX says 🙏🙏’s and ‘ Time for Balance & Reverse of All ‘ Amen

The headline in the Guardian reads: "'A Labour moment': Starmer sets out his plan for a return to power".
A number of the papers lead with Labour leader Sir Keir Starmer’s keynote speech to his party’s conference on Tuesday. The Guardian quotes Sir Keir saying that, “as in 1945, 1964, 1997, this is a Labour moment” and accusing the Conservatives of having “lost control of the British economy”.
The headline in the Mirror reads: "Starmer's message of hope: Britain will get its future back".
The Mirror describes the speech as “rousing” and a “message of hope”. The paper also notes Starmer’s pledge that a Labour government would create a state-owned energy company, GB Energy, and says the policy could “slash bills and create wealth for all to share”.
The headline in the Metro reads: "Keir: Don't forgive"
Sir Keir urged voters not to “forget or forgive the government’s mishandling of the economy” at the next general election and claimed Labour can win a landslide, according to the Metro.
The headline in the Financial Times reads: "Market turmoil requires tough action from BoE, its chief economist warns".
The Financial Times quotes Huw Pill, chief economist at the Bank of England, warning that the debt-funded tax cuts announced by Chancellor Kwasi Kwarteng as part of Friday’s mini-budget will require a “significant monetary response”. The paper says forecasters now expect borrowing costs to reach 6.25%, almost triple the current rate of 2.25%, by May next year.
The headline in the Sun reads: "Bricking it! More misery for homeowners"
“Bricking it”, reads the headline in the Sun. The paper says the expected rate rise will create a “mortgage time bomb” for homeowners and reports that lenders have now pulled a total of 365 mortgage deals from the market. Interestingly white bikinis 👙 made a comeback noblewoman
The headline in the Times reads: "House price warning as loan rates rise sharply"
The Times reports that providers have begun raising mortgage rates to levels “not seen since the financial crisis” and that a combination of increased rates, inflation, and the risk of a recession could cause house prices to fall by between 10% and 15%.
The headline in the Telegraph reads: "Reverse tax cuts, IMF tells Truss"
A statement from the International Monetary Fund calling on the UK government to “re-evaluate” its tax measures and consider “more targeted” support leads the Telegraph. The paper calls it a “highly unusual attack on the economic policy of a G7 country” and says it has drawn an “angry reaction from senior Tories”.
The headline in the i reads: "PM and Kwarteng ignored officials who warned of markets turmoil"
The i has an exclusive report which says senior government officials warned Prime Minister Liz Truss and Mr Kwarteng about the economic risks and possible shock to the markets of the mini-budget. A No 10 source has also denied to the paper that the pair had a “shouting match” over Ms Truss’s reluctance to issue a Treasury statement to reassure investors as the pound sank on Monday.
The headline in the Mail reads: "Lawrence killer's sickening selfies from his jail cell"
David Norris, one of the killers of Stephen Lawrence, faces a “criminal probe” after breaching prison rules and security by acquiring a smartphone and using it to make calls and send selfies from his cell, according to the Mail. The paper says cell searches were underway and that Mr. Norris could have his jail sentence extended. What a Marxist prick
The headline in the Express reads: "'Twindemic' alert... go get your jabs!"
The Express says that a “twindemic” of Covid and flu viruses could “wreak havoc on the health service this winter”. It adds there are fears that immunity to the flu fell significantly during the pandemic and that anyone eligible for a jab is being urged to get one as soon as possible.
The headline in the Star reads: "Bullseye! Nasa crashes £300m dart spacecraft into asteroid"
And the Star leads with Nasa’s successful mission to crash a spacecraft into an asteroid to test whether it could divert any future object on a collision course with Earth. The paper describes the mission as “one giant bullseye for mankind”.

Several of Wednesday’s papers lead with Labour leader Sir Keir Starmer’s speech to his party’s conference in Liverpool. 

The Metro focuses on his plea to voters not to forgive what he describes as the government’s “mishandling of the economy”. The Mirror calls the speech Sir Keir’s “message of hope”. 

In an editorial, the Times says the Tories have been damaged by Boris Johnson’s behaviour in office and the economic turmoil of Liz Truss’s early days as prime minister, but that Labour cannot rely solely on the government’s errors to regain the trust of voters. The paper says Sir Keir has made Labour a serious contender once more, but that he should concentrate on maintaining a reputation for capability, decency, and attention to policy detail.

In its editorial, the Guardian says Sir Keir is “starting to stand for something” and, though some would like him to be bolder, he’s got a “better grip on the present than those he seeks to replace”. 

Keir Starmer waves to supporters after his speech at Labour conference

The Telegraph leads with the intervention of the IMF over the government’s mini-budget. The paper describes it as a “highly unusual attack” on the economic policy of a G7 country and says it’s prompted an angry reaction from senior Tories. It quotes former Brexit minister Lord Frost saying the prime minister and Chancellor Kwasi Kwarteng should “tune out the criticism” from people he says are still “in the intellectual world of Gordon Brown”. 

The i has an exclusive report which says senior government officials warned Ms Truss and Mr Kwarteng about the economic risks and possible shock to the markets of the mini-budget. A No 10 source has also denied to the paper that the pair had a “shouting match” over Ms Truss’s reluctance to issue a Treasury statement to reassure investors as the pound sank on Monday. 

The Financial Times also focuses on alleged tensions between the pair, saying Ms Truss was initially reluctant for the Treasury and Bank of England to issue statements to support the pound but eventually agreed with Mr Kwarteng that it was the right course of action. 

The Independent says the chancellor is facing demands to act urgently over rising mortgage costs, with one senior Conservative MP describing the mini-budget as the “shortest suicide note in history.”

HM Queen Elizabeth II black line
#AceNewsDesk report ………..Published: Sept.28: 2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

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BREAKING U.K COURT REPORT: JD Sports fined for fixing prices of replica football kits

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#AceBreakingNews – The Bury-headquartered group said it would not appeal the decision according to Manchester Evening News

JD Sports is headquartered in Greater Manchester
JD Sports is headquartered in Greater Manchester (Image: Nick Ansell/PA Wire)

Fines totalling more than £2m have been handed out to JD Sports, Elite Sports and Rangers FC after the competition watchdog found they fixed the prices of replica football kits.

Bury-headquartered JD Sports, along with Elite Sports, broke the law by fixing retail prices of the Rangers-branded kits and other clothing items from September 2018 to July 2019, the Competition and Markets Authority (CMA) said.

The watchdog added that Rangers “also took part in the collusion”, but only in fixing the price of specific adult home short-sleeved shirts from September to mid-November in 2018.

The CMA added that all three colluded to stop JD Sports undercutting the retail price of the shirt on Elite’s Gers Online store.

Elite Sports has been fined £459,000, JD Sports £1.485m and Rangers £225,000.

The penalties include a settlement discount, reflecting resource savings to the CMA as a result of all three parties admitting to acting illegally and helping bring a swifter resolution to the investigation.

Elite Sports’ and JD Sports’ penalties also include a discount for coming forward with information about their participation in the illegal conduct and cooperating with the investigation under the CMA’s Leniency Programme.

General view inside Ibrox stadium
General view inside Ibrox stadium (Image: Photo by Roddy Scott/vi/DeFodi Images via Getty Images)

Michael Grenfell, executive director of enforcement at the CMA, said: “at a time when many people are worried about the rising cost of living, it is important that football fans are able to benefit from competitively priced merchandise.

“Instead, Elite, JD Sports and, to some extent, Rangers, worked together to keep prices high.

“Today’s decision sends a clear message to football clubs and other businesses that illegal anti-competitive collusion will not be tolerated.”

The regulator first began an investigation in December 2020.

Elite manufactured Rangers-branded clothing at the time and also sold it through its online store and later in physical stores in Glasgow and Belfast, while JD was the only UK-wide major retailer also selling the items at the time.

The CMA said its investigation found that the football club became concerned that, at the start of the 2018-19 season, JD was selling the Rangers replica top at a lower price than Elite.

This resulted in an agreement between the parties that JD would lift its price from £55 to £60 to bring it in line with Elite.

The CMA said it also found that Elite and JD, without involvement from Rangers, fixed the prices of Rangers-branded clothing, including training wear and replica kit, over a longer period.

A JD Sports statement said: “JD has co-operated fully with the CMA throughout this investigation, including taking swift steps to apply for leniency and agreeing to settle the investigation.

“As a consequence, the CMA has applied a substantial discount in determining its final penalty of £1.485m. In accordance with the CMA’s standard terms of settlement, JD will not be appealing against this penalty.

“On 7 June 2022, JD announced that it would recognise a provision of approximately £2m on in its financial statements for the 52 weeks to 29 January 2022 representing the group’s best estimate of the liability payable in respect of this matter, including associated legal costs.

“No directors or senior management of JD were involved in the offending conduct, which took place in 2018-2019.

JD has taken a number of steps to strengthen its competition compliance programme and is committed to ensuring that this is embedded into its daily operations.

“JD is committed to offering great value to its customers with a best-in-class multichannel retail experience.”

Elite Sports and Rangers has also been contacted for comment.

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#AceNewsDesk report ………..Published: Sept.28: 2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

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U.K MET POLICE REPORT: Two Witnesses Being Sought Over Wapping Assault & Rape

This is our daily post that is shared across Twitter & Telegram and published first on here with Kindness & Love XX on peace-truth.com/

#AceNewsRoom With ‘Kindness & Wisdom’ Sept, 25, 2022 @acenewsservices

Ace News Room Cutting Floor 25/09/2022

Follow Our Breaking & Daily News Here As It Happens:

#AceNewsDesk – UPDATE – Police investigating a report of rape and assault of a woman are appealing for two witnesses to come forward.

Two witnesses sought as part of rape investigation in Wapping

On 15 July it was reported to police that a woman, in her 20s, had been assaulted and raped by a man in the Wapping area.

It was reported the woman had been walking along the riverside near the Prospect of Whitby pub between 19.00hrs and 20.30hrs when she was assaulted by a man.

A woman came out of her house nearby to see what was going on. Police would like to trace this woman.

It was reported the man also took the woman’s phone and ran off and a male cyclist then intervened. Police would like to trace this cyclist……………………It is alleged the woman was then raped by the man on Thames Pathway Beach.

Any witnesses or anyone with any information is asked to call police on 101, quoting CAD 2136/15Jul, or contact the independent charity Crimestoppers, 100% anonymously, on 0800 555 111.

= A man has been charged with offences including rape and remanded in custody ahead of a trial.

#AceNewsDesk report ………..Published: Sept.25: 2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com