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Home » Breaking » Page 173

Category: Breaking

Kim Cattrall shares cryptic sunset post as fans in the US speculate she is reacting to HBO cancellation of And Just Like That
Breaking

Kim Cattrall shares cryptic sunset post as fans in the US speculate she is reacting to HBO cancellation of And Just Like That

August 2, 2025 Temitope Oke

After a rollercoaster week in the world of TV drama, Kim Cattrall may have just had the final word—without even saying a thing. As reports

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Katy Perry sparks romance rumors as she dines with Justin Trudeau at top Montreal restaurant after tough year of public backlash
Breaking

Katy Perry sparks romance rumors as she dines with Justin Trudeau at top Montreal restaurant after tough year of public backlash

August 2, 2025 Temitope Oke

In a year that’s been filled with public breakups, space travel backlash, and career stumbles, who would have guessed Katy Perry and Justin Trudeau would

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Sha’Carri Richardson gets arrested after shoving boyfriend Christian Coleman during heated airport dispute in Seattle
Breaking

Sha’Carri Richardson gets arrested after shoving boyfriend Christian Coleman during heated airport dispute in Seattle

August 2, 2025 Temitope Oke

What should’ve been just another trip through the airport turned into a headline-making incident for Olympic sprinting star Sha’Carri Richardson. The 25-year-old was arrested on

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Elon Musk donates fifteen million dollars to pro-Trump political groups in Washington after high-profile White House fallout
Breaking

Elon Musk donates fifteen million dollars to pro-Trump political groups in Washington after high-profile White House fallout

August 2, 2025 Temitope Oke

Once political allies and high-profile partners in Washington, Elon Musk and Donald Trump now find themselves on opposite sides of a very public (and messy)

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Ford struggles to compete as new trade rules punish American-made cars with soaring tariff costs in the United States
Breaking

Ford struggles to compete as new trade rules punish American-made cars with soaring tariff costs in the United States

August 2, 2025 Temitope Oke

For years, Ford has proudly waved the “Made in America” flag, assembling most of its vehicles right here in the U.S. But now, that patriotic

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Peter Phillips confirms engagement to Harriet Sperling as royal wedding plans take shape in the heart of the English countryside
Breaking

Peter Phillips confirms engagement to Harriet Sperling as royal wedding plans take shape in the heart of the English countryside

August 2, 2025 Temitope Oke

It’s not every day we get to witness a fresh chapter in the royal family’s story—especially one that’s a little more relatable than the usual

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Investigative TV show exposes how Christian rehab centre in South Africa allegedly abused residents under the guise of spiritual healing
Breaking

Investigative TV show exposes how Christian rehab centre in South Africa allegedly abused residents under the guise of spiritual healing

August 2, 2025 Temitope Oke

What began as a sanctuary for healing and faith has now turned into the centre of a chilling investigation. The latest episode of Carte Blanche,

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Albanian women in Has endure emotional toll as their husbands migrate illegally to the UK for low-wage work
Breaking

Albanian women in Has endure emotional toll as their husbands migrate illegally to the UK for low-wage work

August 2, 2025 Temitope Oke

In the quiet Albanian town of Has, nestled in the mountains a few hours north of Tirana, something’s missing—and it’s not hard to notice. The

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Kelly Osbourne shares emotional floral tribute as she mourns father Ozzy Osbourne after private funeral in Buckinghamshire
Breaking

Kelly Osbourne shares emotional floral tribute as she mourns father Ozzy Osbourne after private funeral in Buckinghamshire

August 2, 2025 Temitope Oke

After weeks of heartbreak and remembrance, Kelly Osbourne has finally broken her silence on the passing of her legendary father, Ozzy Osbourne. In a deeply

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Miami jury holds Tesla partially responsible in deadly Key Largo crash that killed woman and injured boyfriend during 2019 stargazing stop
Breaking

Miami jury holds Tesla partially responsible in deadly Key Largo crash that killed woman and injured boyfriend during 2019 stargazing stop

August 2, 2025 Temitope Oke

What was supposed to be a peaceful night of stargazing turned into a devastating tragedy back in 2019 — and now, years later, a Miami

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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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