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Global investors see Britain as the new Greece, says Bank deputyPolitical and economic instability has prompted lenders to regard the British economy as similar to Italy and Greece, a former deputy governor of the Bank of England has said.Sir Charlie Bean, who was deputy governor for monetary policy from 2008 to 2014, said it was “disingenuous” of the government to say the market turmoil is “all a global phenomenon”.
Greece Marks New Record in Tourism in OctoberGreece recorded very high occupancy rates in October this year, compared to the figures of recent past Octobers, thus becoming among the most amazing months for the tourism sector, the Geek Minister of Tourism, Vassilis Kikilias, has revealed.
Poverty Rising Again in Greece with Three Million at RiskPoverty is on the rise in Greece with a total of 29.5% of the total population -around 3,092,300 people – being at risk of poverty or social exclusion, according to an independent report published on Monday.The “Poverty Watch Greece 2022” of the Hellenic Antipoverty Network which uses Hellenic Statistical Authority data, 19.6% of the Greek population is at risk of income poverty, 14.8% experience material deprivation of basic goods, and 13.6% of 18-64-year-olds live in low-employment households.The Network also concluded that almost 1 in 4 children lives in a household at risk of poverty and 1 in 3 at risk of poverty or social exclusion.
Liz Truss’s popularity among voters dives to new low as she seeks to pacify restless ToriesAs Liz Truss fights for her political life, her popularity with the British public has plummeted to a new low, a poll has showed.Her reversal of her flagship economic policy and an appointment of a new chancellor has done little to lift the public mood, with just 10% of Britons having a favourable opinion of the prime minister, with 80% viewing her unfavourably, the YouGov survey showed.Among Tory voters her support also continues to plummet: 20% had a favourable view of their party’s leader, with 71% having an unfavourable view.
Abandoning state pension triple lock would cost retirees £22,000 Pensioners will be £22,000 worse off over their retirement if the Government refuses to honour its state pension triple lock promise. New Chancellor Jeremy Hunt has refused to rule out abandoning the policy that protects millions of retirees from inflation.
Seven police among 14 arrested for immigration offensesPolice in northern Greece arrested 14 people, including seven police officers, on Monday on suspicion of involvement in a criminal group that sold bogus papers to foreign nationals to enter and remain in the country illegally.The seven officers are serving officials in the police’s passport control department. The case file includes a total of 123 people, including two other police officers.
Father charged with rape of daughterA 54-year-old Piraeus man appeared before a prosecutor on Tuesday charged with incest and the rape of his 14-year-old daughter.
BT’s pension fund ‘fell by £11bn’ after mini-budgetReport from one of the UK’s largest schemes is an early indicator of scale of the financial impact on retirement fundsBT’s pension scheme has revealed the value of its assets plummeted by an estimated £11bn in recent weeks, after the meltdown in UK government bond markets following Kwasi Kwarteng’s mini-budget.The disclosure in the annual report published by BT Pension Scheme (BTPS), one of the UK’s largest company retirement plans with almost 270,000 members, provides one of the first insights into the scale of the financial impact on funds.Pension schemes with more than £1tn invested in them came under severe strain following a dramatic rise in interest rates on long-dated UK government bonds in the days after the disastrous mini-budget on 23 September.The Bank of England, which was forced to intervene five days later with a promise to buy up to £65bn of government debt in a bid to steady the situation, said had it not intervened then money managed on behalf of pensioners across the country “would have been left with negative net asset value” and cash demands they could not have met.
Woman, 23, claims world record for Land’s End to John O’Groats swimJasmine Harrison already holds another world record for being the youngest woman to solo row across the Atlantic last year. 23-year-old has become the first woman in the world to swim from Land’s End to John O’Groats.Jasmine Harrison, from Thirsk in North Yorkshire, completed the gruelling 900-mile swim on Tuesday after about three-and-a-half months of swimming.The distance is the equivalent of swimming about 58,000 lengths of a 25m pool.The swimming teacher and motivational speaker already holds a world record for being the youngest woman to row solo across the Atlantic in February last year.Battling thousands of jellyfish, being followed by a shark and swimming into a live military exercise, Ms Harrison swam between four and 12 hours a day after first entering the water at Land’s End in western Cornwall on July 1.
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Topic: 18/10/22 (Read 1376 times)
