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Home » Archives for March 2025 » Page 182

Month: March 2025

Sports

Jofra Archer edges closer to Test cricket comeback as England strategizes for high-stakes battles against India and Australia

March 2, 2025 Gift Badewo

England’s Champions Trophy campaign may have been one to forget, but Jofra Archer’s electrifying display towards the end offered a rare bright spot. His ability

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Faith and Religion

Pope Francis Continues Resting in Rome as He Recovers from Respiratory Illness Following Bronchospasm Episode

March 2, 2025 Temitope Oke

Pope Francis is taking another day to rest and recover from a respiratory illness, with Vatican officials reassuring the public that his condition remains stable.

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Sports

Estranged Wife of Rugby Captain Siya Kolisi, Rachel Kolisi, Resigns from Leadership Role at Kolisi Foundation in South Africa

March 2, 2025 Temitope Oke

Rachel Kolisi, the former CEO of the Kolisi Foundation, has made headlines after announcing her decision to step down from the role she’s held since

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Breaking

Angie Stone’s Final Instagram Post Reveals Exciting Surprise Plans Before Her Tragic Death in Car Crash in South Carolina

March 2, 2025 Temitope Oke

The sudden passing of Angie Stone has left fans and the music world in shock. Just days before her tragic death, Angie shared a heartfelt

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Breaking

Discover How Dogs Have More Teeth Than Humans and What That Means for Their Carnivorous Diet in South Africa

March 2, 2025 Temitope Oke

Hey there, fellow animal lovers! You know how our pets can always surprise us with the most unexpected behaviors? Every day seems to bring a

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Sports

Rafael Benitez declines Brazilian club Botafogo and keeps hopes alive for a Premier League return after Celta Vigo exit

March 2, 2025 Gift Badewo

Rafael Benitez has been on the sidelines for a year now, carefully weighing his options after parting ways with Celta Vigo in March 2024. His

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Sports

Victor Boniface shoves Emiliano Buendia in heated on-field argument as Bayer Leverkusen secures dominant 4-1 victory over Eintracht Frankfurt

March 2, 2025 Gift Badewo

Bayer Leverkusen may have cruised to a 4-1 win over Eintracht Frankfurt, but the spotlight shifted from their dominant performance to a heated clash between

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Breaking

European Leaders Meet in London to Forge Strategy for Ukraine Amid Rising Tensions Between Donald Trump and Volodymyr Zelensky

March 2, 2025 Temitope Oke

Today marks the start of a pivotal summit as European leaders meet to forge a strategy for Ukraine, just days after an extraordinary confrontation between

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Breaking

Blind Grandmother Caroline Kennelly Denied Entry at Morrisons Daily Store in Canterbury with Her Guide Dog Due to Owner’s Pet Allergies

March 2, 2025 Temitope Oke

On a recent trip to the Morrisons Daily store in Canterbury, Caroline Kennelly, a 54-year-old grandmother, faced an upsetting situation. She was turned away at

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Entertainment

Hailee Steinfeld proudly celebrates her Filipino heritage as she graces the cover of Vogue Philippines for the first time

March 2, 2025 Temitope Oke

Hailee Steinfeld is currently celebrating a major milestone in her career, as she makes her debut on the cover of Vogue Philippines. But this isn’t

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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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