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Home » Archives for July 2025 » Page 225

Month: July 2025

Liverpool forward Diogo Jota tragically dies in a fatal car crash while travelling through Zamora in northern Spain
Sports

Liverpool forward Diogo Jota tragically dies in a fatal car crash while travelling through Zamora in northern Spain

July 3, 2025 Temitope Oke

After a season of narrowly dodging relegation, Magesi FC is now stepping into a brand new chapter—this time with a familiar face in South African

Read...

Kate Middleton strengthens royal fashion influence by supporting women-led British brands across London and Norfolk
Breaking

Kate Middleton strengthens royal fashion influence by supporting women-led British brands across London and Norfolk

July 3, 2025 Temitope Oke

Kate Middleton may be praised worldwide for her sophisticated style, but there’s more to her fashion than beautiful dresses and tailored coats. Behind the timeless

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Katie Price lashes out at Peter Andre’s team after being blocked from daughter Princess’s 18th birthday party filmed in London
Breaking

Katie Price lashes out at Peter Andre’s team after being blocked from daughter Princess’s 18th birthday party filmed in London

July 3, 2025 Temitope Oke

Katie Price isn’t staying quiet after being snubbed from her daughter Princess’ 18th birthday celebrations. On the latest episode of The Katie Price Show podcast,

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Magesi FC confirms appointment of John Maduka as new head coach in major shake-up after Owen Da Gama exit
Breaking

Magesi FC confirms appointment of John Maduka as new head coach in major shake-up after Owen Da Gama exit

July 3, 2025 Temitope Oke

After a season of narrowly dodging relegation, Magesi FC is now stepping into a brand new chapter—this time with a familiar face in South African

Read...

Kenny Kunene enforces crackdown on undocumented migrants and illegal buildings across Johannesburg after stepping in as acting mayor
Breaking

Kenny Kunene enforces crackdown on undocumented migrants and illegal buildings across Johannesburg after stepping in as acting mayor

July 3, 2025July 3, 2025 Temitope Oke

Once known more for his lavish lifestyle than his leadership, Kenny Kunene is now sitting in one of Johannesburg’s most powerful seats—as acting executive mayor.

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National Lottery confirms South African Lotto draw delivers multimillion rand jackpots for lucky players across the country
Lottery

National Lottery confirms South African Lotto draw delivers multimillion rand jackpots for lucky players across the country

July 3, 2025 Temitope Oke

It’s that exciting time again—when South Africans around the country check their tickets, cross their fingers, and hope that this is the night their lives

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Bryan Kohberger confesses in court to Idaho killings that horrified America as plea deal removes death penalty from the table
Breaking

Bryan Kohberger confesses in court to Idaho killings that horrified America as plea deal removes death penalty from the table

July 3, 2025 Temitope Oke

For the residents of Moscow, Idaho, the pain from one of the most horrifying campus tragedies in U.S. history never really faded. Now, nearly two

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Manchester United hand teenage prodigy JJ Gabriel record-breaking squad number in historic move at Old Trafford
Sports

Manchester United hand teenage prodigy JJ Gabriel record-breaking squad number in historic move at Old Trafford

July 3, 2025 Temitope Oke

It’s not every day that a 14-year-old becomes the talk of one of the world’s biggest football clubs—but JJ Gabriel is no ordinary teenager. While

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Coco Gauff admits feeling overwhelmed as mental fatigue derails her Wimbledon campaign in London
Sports

Coco Gauff admits feeling overwhelmed as mental fatigue derails her Wimbledon campaign in London

July 3, 2025July 3, 2025 Temitope Oke

Just weeks after lifting the trophy at Roland-Garros, Coco Gauff walked onto the grass courts of Wimbledon with the weight of expectation on her shoulders.

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Sweltering heat and soaring prices leave Wimbledon fans sweating over drinks and snacks in southwest London
Breaking

Sweltering heat and soaring prices leave Wimbledon fans sweating over drinks and snacks in southwest London

July 3, 2025July 3, 2025 Temitope Oke

While tennis fans poured into the All England Club this week to soak up the action at Wimbledon 2025, many found themselves doing a double

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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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