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Home » Archives for January 2024 » Page 272

Month: January 2024

Breaking

Concerned Northern Forum Warns President Tinubu Over Choice of Investigator for CBN Probe

January 2, 2024 Pelumi Emmanuel

Concerns Voiced by the Concerned Northern Forum: The Concerned Northern Forum (CNF) issued a warning to President Bola Tinubu concerning the appointment of Jim Obazee

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Entertainment

Comedian Mr. Funny, Accused of Swindling Event Organizers, Sparks Outrage Online

January 2, 2024 Pelumi Emmanuel

Accusations Against Comedian Mr. Funny: Renowned Nigerian comedian, actor, and skit maker Emmanuel Chukwuemeka Ejekwu, popularly known as Mr. Funny or Oga Sabinus, has landed

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Breaking

Leeds Couple’s Garage Discovery Valued at £1000 on Antiques Roadshow

January 2, 2024 Pelumi Emmanuel

Valuable Garage Discovery on Antiques Roadshow: Guests on the latest episode of BBC’s Antiques Roadshow were in for a pleasant surprise as their seemingly mundane

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Breaking

Cherry Seaborn, Ed Sheeran’s Wife, Ventures into Entrepreneurship with ‘Babes In Armour

January 2, 2024 Pelumi Emmanuel

Cherry Seaborn’s New Career Venture: Cherry Seaborn, aged 31 and married to music sensation Ed Sheeran, is reportedly stepping into entrepreneurship. Recent reports suggest she’s

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Sports

Week 28 Pool Fixtures 2024, Analyzing UK Football Pools’ Latest Matches

January 2, 2024 codesultan

The Week 28 Pool Fixtures for the 2023/2024 UK football season have been unveiled, promising an exciting array of matchups and predictions for avid football

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Entertainment

Woman Rejects Role as Maid During First Visit, Sparks Controversy

January 2, 2024 Pelumi Emmanuel

The Encounter: The TikTok user @theladyelohor sparked a viral sensation after sharing her distressing experience during her first visit to her boyfriend’s home. She recounted

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Entertainment

Meet the Diverse 22 Contestants Revealed for ‘The Traitors’ Season Two

January 2, 2024 Alan

Introduction to ‘The Traitors’ Season Two Ahead of the anticipated launch of the second series of the reality TV show ‘The Traitors,’ the reveal of

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Entertainment

Sophia Momodu’s Candid Response to Fan Question on Flaunting Body Draws Attention

January 2, 2024 Alan

Fan Inquiry on Sophia Momodu’s Body Display   Sophia Momodu, known as Davido’s first baby mama, recently shared an interaction with a fan on her

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Entertainment

Kunle Remi Explains Unrecorded Proposal to Tiwi Amid Surprise Marriage Announcement

January 2, 2024 Larry Brown

Kunle Remi’s Surprise Marriage Announcement   Actor Kunle Remi caught the attention of many when he unexpectedly revealed his marriage to Tiwi on Instagram, sharing

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Sports

Injury-Battling Emma Raducanu Shines in Return, Defeating Elena-Gabriela Ruse at Auckland Open

January 2, 2024 Pelumi Emmanuel

Raducanu’s Emphatic Return Emma Raducanu, the former US Open champion, made a triumphant comeback after enduring a challenging 259-day hiatus due to persistent injuries. Her

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Latest News on TDPel Media

  • Lucas Paqueta considers suing the FA in London after scathing 314 page judgment exposes flawed spot fixing case that wrecked his Manchester City transfer dreams
  • Chancellor Rachel Reeves is facing growing pressure as speculation swirls around her second Budget, which has now been confirmed for November 26. With talk of a potential £50 billion gap in the nation’s finances, she’s working hard to convince both the public and the markets that Britain is not heading into a crisis. Speculation Over Tax Hikes Rumors have been flying about what Reeves might announce this autumn. Ideas being floated include scrapping capital gains tax exemptions on certain property sales, new landlord levies, or even swapping stamp duty for an annual property charge. Treasury insiders have also hinted at possible inheritance tax changes and the usual whispers about “sin taxes.” But Reeves insists much of this is pure guesswork. In a BBC interview, she pushed back against what she called “irresponsible” speculation, dismissing many predictions as “rubbish.” Battling Reports of a Financial Black Hole Adding fuel to the fire, a recent report from the National Institute of Economic and Social Research suggested that Reeves’ slim £9.9 billion “safety buffer” has evaporated, leaving a £41 billion deficit. To restore stability, the think tank warned she would need to find £51 billion each year by 2030—through tax rises or spending cuts. Reeves, however, was quick to counter, saying the institute’s figures had been “wrong more often than most” in recent years. Market Jitters and Rising Debt Costs The Chancellor’s challenge became even more urgent after interest rates on UK government bonds hit levels not seen in nearly three decades. Investors fear Britain will have to borrow more, driving yields on long-term gilts higher and making debt more expensive to manage. Reeves tried to calm nerves by stressing her commitment to fiscal rules and reminding voters that inflation and borrowing costs can only come down if the government keeps a tight lid on spending. A Budget Date That Raises Eyebrows Announcing the Budget for November 26—later than many had expected—Reeves has bought herself more time to prepare. But critics argue the delay only fuels “damaging uncertainty” for businesses. Even within her own party, there are whispers of unease. Former Chancellor Ken Clarke went so far as to suggest Britain could be edging towards the kind of financial crisis that forced Labour to turn to the IMF in the 1970s. Critics Warn of a “Doom Loop” Economists warn that Reeves cannot rely solely on raising taxes to fill the gap. Piling more costs on households and businesses, they argue, risks choking off growth and triggering a cycle where ever-higher taxes are needed to patch the shortfall. As one financial analyst put it, investors are already betting the government will need to issue more debt, creating a “slow-moving vicious cycle.” Reeves’ Reassurances Despite the gloomy forecasts, Reeves insists Britain’s economy is “not broken” but admits it is “not working well enough for working people.” She highlighted her priorities: tackling high bills, supporting growth, and reforming planning rules to unlock housebuilding targets. Trade deals with the US, India, and the EU, alongside reforms to boost productivity, were presented as evidence of progress. “More pounds in your pocket, an NHS there when you need it, opportunity for all,” Reeves said in a video message, framing her mission as one of renewal and fairness. The Bigger Picture While bond market turmoil has been described as a global phenomenon by Bank of England Governor Andrew Bailey, the UK has been hit particularly hard, partly due to stubbornly high inflation. Some predict yields could even climb past 6% before the year ends. This means Reeves’ upcoming Budget could prove one of the toughest in recent memory—balancing the books without derailing growth, all while managing public expectations. What Comes Next Between now and November, Reeves is expected to roll out a series of announcements on boosting productivity and growth. But with the clock ticking and markets watching closely, she faces a delicate balancing act: calm fears, chart a credible fiscal path, and prove that Labour’s economic strategy can weather the storm.
  • Rachel Reeves fights off warnings of a fifty billion pound financial black hole as she prepares her autumn Budget in the United Kingdom
  • Megan Fox and Brian Austin Green’s children join Sharna Burgess in supporting little brother Zane on his first day of school in Los Angeles
  • Eight foot alligator surprises drivers as it wanders onto busy highway in Sugar Land Texas on Labor Day night
  • Amazon ends Prime shipping share program and asks customers in the United States to pay for their own discounted memberships
  • Joanne Froggatt leads the glamour as Downton Abbey stars celebrate the Grand Finale premiere in London’s Leicester Square
  • Angry community members in Verulam CBD catch three men who tricked victims with broken tiles sold as smartphones
  • King Charles meets cancer patients and opens Midland Metropolitan University Hospital in Birmingham with humour and empathy
  • Tottenham leave £30m signing Mathys Tel out of Champions League squad in London despite summer move from Bayern Munich

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